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Remortgage
Guinnessaddict
Posts: 1 Newbie
Hi,
I hope this isn't already a thread, apologies if it is. Just wondering if anyone has experience of this?
I am considering a remortgage to interest only for my BTL and considering my options.
I was wondering if its better idea to overpay the mortgage with the extra rent yield or invest it in a bank account accruing compound interest.... The idea being that at the end of term the "extra" rent compounded is almost double the capital owed on the mortgage....
Really not sure what to do and thanks in advance for any hints or tips or in fact direction if I have overlooked something that seems to be quite simple....
I hope this isn't already a thread, apologies if it is. Just wondering if anyone has experience of this?
I am considering a remortgage to interest only for my BTL and considering my options.
I was wondering if its better idea to overpay the mortgage with the extra rent yield or invest it in a bank account accruing compound interest.... The idea being that at the end of term the "extra" rent compounded is almost double the capital owed on the mortgage....
Really not sure what to do and thanks in advance for any hints or tips or in fact direction if I have overlooked something that seems to be quite simple....
0
Comments
-
I don't think there are many interest only deals around these days0
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