Discussion
I live in an area where you can buy a small 3 bedroom house for around 100k. The Mrs and I have a fair chunk of money sitting in the bank doing naff all.
Is it worth getting a BTL mortgage as an investment? Not really looking to make anything extra, but just getting it to pay for itself over the next 25 year as a bit of extra for when we retire. We could even buy another one in a few years if all goes OK with it.
Any landlords out there with any advice? Or, is it more hassle than what its worth?
Is it worth getting a BTL mortgage as an investment? Not really looking to make anything extra, but just getting it to pay for itself over the next 25 year as a bit of extra for when we retire. We could even buy another one in a few years if all goes OK with it.
Any landlords out there with any advice? Or, is it more hassle than what its worth?
We would be looking at 10%-15% deposit and they usually rent for around the £600 a month mark.
Like I said - we would only be looking to cover the mortgage more than expect to make a profit!
The question there I suppose is - is it better to put down more of a deposit? To which the answer would be yes!
Like I said - we would only be looking to cover the mortgage more than expect to make a profit!
The question there I suppose is - is it better to put down more of a deposit? To which the answer would be yes!
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