Pay off my mortgage or invest in buy-to-let

[bruce_miranda]

Haven't been keeping in touch with the housing market. Have a decent deposit for another property but with all the recent noise about 150% tax on buy to let. Is it better to simply just pay off my mortgage or is it still possible to make a sound investment in another property?

[bruce_miranda]

What sort of problem cases? This is exactly what I am not aware of, hence asking.

[bruce_miranda]

Maybe BTL was the wrong term I used. So I thought I would put my deposit and buy another property with a mortgage on my own name, rather than use the income from the rental as the basis for my pay back.

I could easily get another mortgage for another property and in the meanwhile rent it out. With so little other investment options out there I was wondering if property was the best bet.