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Help with Interest only Buy to let's
nhoj67
Posts: 1 Newbie
confused:
We are about to let our home but we would like an investment policy that would cover the mortgage. We dont want an endowment as we have had problems with these in the past. We do have a regular amount to invest every month.
Can any body help
nhoj67:j
We are about to let our home but we would like an investment policy that would cover the mortgage. We dont want an endowment as we have had problems with these in the past. We do have a regular amount to invest every month.
Can any body help
nhoj67:j
0
Comments
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Any investment plan you put in place contains an investment risk. Whilst charges are lower than in the past, a UK equity fund is still a UK equity fund whether it is in an endowment or in an ISA.
If you use a lower target growth rate (say 5%) and have a decent spread of investments and the timescale is in excess of 20 years, then a regular contribution ISA should be fine (thats equity ISA not cash ISA). However, to repeat, it still has a risk.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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