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The Guardian - UK
The Guardian - UK
Business
Virginia Wallis

We are moving cities – should we get a mortgage if we rent out our home?

Plymouth Manchester
To let boards outside homes in Hulme, Manchester
Rental costs in Manchester are likely to be higher than those in Plymouth. Photograph: Christopher Furlong/Getty Images

Q We own our home in Plymouth outright, so have no mortgage on it.

Next March we have to move to Manchester for work. We have only just bought our Plymouth home (in May 2022). Our plan is to rent in Manchester for at least two years. At the moment we have no plans to return to, or settle in, Plymouth in the future. We bought the house because, at the time of buying, we thought we would be here for at least five years, but then our work circumstances changed.

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