The high and low risk ways to get to mortgage free.

Big_Zee

Thrugelmir wrote: »

That's an exceptional increase. Where in London did you buy?

Clapham Old Town - One bed garden flat for £335K in early 2011 - and had it recently re-valued at £425K. It has a 65 foot garden which is huge for London, and we got planning permission for a 5 metre extension (which we haven't done yet).

Some of it is luck, but when you look at the rents around here (£1,600+ per month and increasing rapidly) for a one bed, and compare that to mortgage rates and the fact over 50% of buyers are cash buyers - then you can see there is a huge impetus to push up prices.