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Mortgage or buy outright?
pinetree2
Posts: 1 Newbie
Hi,
I am looking to buy a house.
I have saved enough to buy it outright without having to have a mortgage. However is it better to do this or to protect my capital and borrow the money with a mortgage instead? When I say better, long term, will I save more money by having a mortgage and keeping my savings in my ISA account then just spending the lot?
Any thoughts?
I am looking to buy a house.
I have saved enough to buy it outright without having to have a mortgage. However is it better to do this or to protect my capital and borrow the money with a mortgage instead? When I say better, long term, will I save more money by having a mortgage and keeping my savings in my ISA account then just spending the lot?
Any thoughts?
0
Comments
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Personally i would buy it outright and get saving agine why pay any interest if it can be avoided ?
But thats just me :] enjoy your journey what ever you doMortgage--- [STRIKE]£67700 March 15[/STRIKE] [STRIKE]£65221 April 15[/STRIKE] [STRIKE]£64983 July 15[/STRIKE] [STRIKE]£64780 sept 15[/STRIKE] Remortgage [STRIKE]£67295 oct 15[/STRIKE] [STRIKE]£66599 Nov 15[/STRIKE] [STRIKE]£65878.73 Dec 15[/STRIKE][STRIKE] £64834 1st Jan 16[/STRIKE] [STRIKE]Feb 16 £64,511.89[/STRIKE][STRIKE] March 16 £64,056.40[/STRIKE] [STRIKE]April 16 £62550[/STRIKE] [STRIKE]May 16 £62,396.20[/STRIKE] Feb 17 £60.800
Emergency fund 23k0
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