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Second opinion

2»

Comments

  • mp80
    mp80 Posts: 214 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Sorry I was a bit quick in dismissing your comments the first time round, I think you are right in principle - I could pay off the car in its entirety and just have my mortgages, of which one would hopefully be covered (+ more) by renting in the near future...

    47 - 25 deposit on the house - 10 = 12,000 left which is just on the boundary of 8-9 months expenses- it'd take me a while to get used to not having that cash there though! :)
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    mp80 wrote: »
    would hopefully be covered (+ more) by renting in the near future...

    Crunch the numbers. Too many people have invested in property in hope rather than having a long term costed business plan that takes into account. The boom years of doing nothing for an easy capital gain have passed.
  • mp80
    mp80 Posts: 214 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Well my current home is bottom of the market. If all else collapses, that's a market that will always exist!
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