We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
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?
0
Comments
-
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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.3K Work, Benefits & Business
- 599.5K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards