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2nd property
Comments
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Reminds me of a few years back when lots of posts cropped up trying to "make a fast buck".... Before long we will hear the familiar term "Portfolio" followed by "In negative equity", will people never learn.
As your looking for advice here is some. Pay off your existing mortgage and sell if you need to..0 -
Personally i'd say with your current mortgage being over twice your salary I wouldnt bother trying for another. Without taking the deposit into account you would be wholey reliant on the rental to make you money to pay off its own BTL. There isnt a lot of money in rental TBH. Dont forget your maintenance, insurance, certificates as appropriate and times when it isnt let.0
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