Which way to go? mfw or buy another place?

de1amo

İ currently live and work abroad. İ do however still have a home in the uk with a 20pc ltv 55k IO mortgage on(repayment92pm). I receive a occupational pension in the uk that more than adequately covers my mortgage and allows me to save towards the capital BUt,,,
Abroad i have a home worth 80k that is owned outright but due to the weather i have to have a second holiday for the stifling summer heat. i currently rent one which costs me 120gbp a month and i am considering buying a holiday home outright because i have the necessary funds-this would deplete my savings towards my mortgage and thwart the mortgage free wannabe mindset i should have!
İ also have a couple of businesses abroad which is doing well which supports all the needs etc for life --i await some positive helpful advice.

gadgetmind

I'm also mortgage free and semi-contemplating another property or two. I could raise the money at a very low rate against current house and invest in something that will yield my quite a few percent over and above costs.

But do I know enough about it? Do I need the hassle? Can I overcome inertia?

Difficult.

de1amo

my problem is the fact the property in the uk is empty due to my absence and a distrust of all things agent!--it earns me nothing but i am comfortable with the mortgage.--not sure my mortgage company would like me leaving it so long though!--it is secure and watched over.---i know i will never get 55k İO again which stops me aiming to clear my mortgage--the equity i get abroad covers the mortgage and where i am the properties are holding there own with small rises if the right one purchased!