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Saving For Possible Deposit On House
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PJGILL
Posts: 42 Forumite
Hello All,
I have three Buy to let properties that are all rented out and generating more income that expenditure at the moment. Due to the current house price fall they are losing some equity so my plan of selling one of them t help buy a house in medium term is on hold.
I am now considering saving (£1000pm) to help with a deposit rather than paying of capital on any of the mortgages. Is this a sensible idea?
I have three Buy to let properties that are all rented out and generating more income that expenditure at the moment. Due to the current house price fall they are losing some equity so my plan of selling one of them t help buy a house in medium term is on hold.
I am now considering saving (£1000pm) to help with a deposit rather than paying of capital on any of the mortgages. Is this a sensible idea?
Phil
0
Comments
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Seems sensible enough, although why not live in 1 of your 3 other houses?0
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Due to work i live in a subsidised house near work. So am paying rent her and move every two years.Phil0
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