Cash & Asset rich but want a mortage at 72.

Crashandburn

Perfectly allowed

Though I would ask why at 72 would you be looking for debt on a buy to let which would surely add to your estate. If it was me, I would be looking to spend/pass on the £1.75m rather than live of £24kpa

Alex1976

most of my money is tied up in trusts and my main property. I've been told it's cheap to borrow at the moment and if i profit it must be worth considering.

Crashandburn

Depends on the yield. If getting 6% in and paying out 4%, then seems a lot of work for 2% less the tax due.

lb364

Hi Alex's mum I say go for it if you can find a mortgage - why not? 72 is not old and I'm guessing this is something that interests you as it would me if I had the chance to do so. Sure it's a gamble but one you can afford to take so go to a broker and see what they suggest - good luck!

maninthestreet

Alex1976 wrote: »

you make poor detectives, i am using my sons account as he advised i use the forum. Allowed ??

Just less than 2 years ago your son claimed you were 69, so you msut be 71 now, not 72.

getmore4less

Alex1976 wrote: »

you make poor detectives, i am using my sons account as he advised i use the forum. Allowed ??

NO

http://www.moneysavingexpert.com/site/terms-conditions


9.2.9 allow any other person or entity to use your identification for posting or viewing comments or for communicating with other users;