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i want to buy a new house and rent out my existing one
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It looks like a classic 'let to buy' case. This is where a borrower is so eager to move they can't wait for their house to see in these hard times and play the rental system to get what they want.
Without giving full consideration to the risks that they are undertaking.
So easy to say rent covers mortgage.
However if the "what if's" aren't factored in. Then some people are in great danger of losing everything they've worked hard for.
Property is not a one way bet in the short to medium term. .0
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