Pension Or Buy An Extra Property With To-let Potential

chatter-box-charlie

HELP we really dont know the best route to take??

Any ideas?

dunstonh

Buy to lets are high risk, going in after the event and dont have very high yields.

You dont say what you would invest in with a pension so we cant compare that.

EdInvestor

How about an ISA?

[Unless you have free money available from a company pension...]

chatter-box-charlie

dunstonh wrote:

Buy to lets are high risk, going in after the event and dont have very high yields.

You dont say what you would invest in with a pension so we cant compare that.

We have around 400 to 500 to play around with which would give us a comfortable amount to live off...
We can get a house at around 60k and let it for 350-450 per month.
If the house was to get the rental then the money we would normally pay the mortgage for the 2nd home would be extra payments off our mortgage..

Sound confusing???? lol

Our thought was that as my partner is a ltd company working in the building trade we would be able to make at least some of the payments back in rental. This house would be to buy not just do a interest only mortgage as our children would then benefit as they are older (age 9 and 0) as the price of houses dont seam to be getting any cheaper would they be able to afford their own property this could be used at that time for them until they can pay for their own home..... bye the way we are both 31 and 33 so we have a long time off our pension being drawn and thats how long we would be keeping the house for.

at the moment I don't have a pension and my partner really only puts a mimimal amount in £60 per month with the gov putting in some too.. not sure how much though.

i'd be greatful if you do have any advice