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Best way to do this?

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  • paulsm
    paulsm Posts: 444 Forumite
    Part of the Furniture 100 Posts
    so could I remortgage my flat (10k owing) Clear anything owing on it (somehow) and have 90-100k for a house to part rent out?
    Ideal situation being only 1 mortgage , 1 property totally paid so all rent is "profit" and other property (probably house) being wholy paid/part paid by rent income? what sort of mortgage would be best ie interest only B2let ? pros & cons of both and rough monthly mortgage payments.
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