iamnumerate Posted November 1, 2017 Share Posted November 1, 2017 On 10/29/2017 at 9:03 AM, suresh786 said: I currently do not own any house. I am currently working and living abroad. I have been saving to buy with-out mortgage and now I am confused. The reasons to buy are: Money in bank is not giving any profit so rent would be generating some profit. If / when I return to UK then I would have a place to live rather than renting or looking to buy at that time. Long-term prices will rise for example 15-20years. Reason for not to buy are: Hassle of buying and being a landlord specially from abroad. Prices could drop in near / medium terms. Any thoughts/advise But you don't know where you will live in the UK, so unless you are extremely lucky you will have to sell (and pay CGT) and pay stamp duty when you buy. Quote Link to comment Share on other sites More sharing options...
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