Side by side
| Factor | Rent out | Sell |
|---|---|---|
| Income | Rent, minus costs and tax | None — but a lump sum now |
| Mortgage | Need lender's consent to let or a buy-to-let mortgage | Repaid on completion |
| Obligations | Gas safety yearly, EICR every 5 years, deposit protection, EPC E or above (England & Wales) | None after completion |
| Tax on later sale | Capital Gains Tax may apply on part of the gain | Usually none on your main home |
| Flexibility | Asset kept; tenants' rights limit quick sale | Cash available now |
Figures are typical UK ranges, not quotes. Always check the contract you are offered.
When each one wins
Rent out
- You may move back
- Rent comfortably covers costs, and you accept the landlord role
Sell
- You need the equity for your next purchase
- You do not want landlord responsibilities
Our take
Work out the rental income after mortgage, letting fees, repairs, voids and tax. Many 'accidental landlords' find the real return is much smaller than the rent suggests.
Questions sellers ask
Will I pay Capital Gains Tax if I let my old home?
Possibly, on the part of the gain linked to the years it was not your main residence. Use the calculator or ask a tax adviser.
Free agent matching
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