should i overpay mortgage
in Mortgages & Endowments
1 reply 562 views
I have a £120,000 repayment mortgage and pay about £1000 per month. i have a shortfall of about £400 which i pay with savings, as income does not cover this. I have enough cash to buy a small buy to let property with my savings so I could have a rental income of about £500 which would cover the shortfall. Should I buy a property or spend this money overpaying mortgage. I think i have about 8 years left on it.
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