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Mortgage as an investment for high-rate tax payer
Sofree
Posts: 14 Forumite
If you are a high rate tax payer and can afford to over-pay a mortgage to the extent it could be paid off in 5 or so years, is it foolish in a way to rent and have savings with not much interest being paid?
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Comments
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Depends on many factors such as the individuals need for cash slush fund, job security the running costs of the property etc. You need to ponder it a while.
In a simplistic sense the return on cash for a HRTP is low. Maybe buy Bank shares, they will rise massively in time.0 -
In a simplistic sense the return on cash for a HRTP is low. Maybe buy Bank shares, they will rise massively in time.
Definitely in 5 years?? Wow - where you getting this from..?Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
If mortgage free in 5 years what happens then to the spare money.
Needs to part of a longer plan0
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