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to sell or not to sell
subarurocks
Posts: 4 Newbie
We have a repayment mortgage on a flat we let out, approx 95% LTV left, fixed period ended in jan, also have a second property in which we live, this is fixed for 3 years and 85% ltv. The rent from flat is 725 per month and current repayment is 650, with variable interest at 4.89%. We are worried as to the news of interest rates hikes on the way and would make our repayments really high. We dont have great savings to get a fixed deal. What would you recommend. should we sell the flat now or wait and see how the rate go.
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