Rent or Sell

chada_2

I currently rent out 2 houses in this country.One has about £45000 equity in it while the other has about £40000.I also have a house in Thailand with no mortgage worth about £60000.I live in Thailand for 6 months every year and when i come back to the u.k i stay with my parents to keep my properties rented.My question is should i sell 1 property and pay the mortgage down on the second one.Both my mortgages are not covered by with rent by about 40 pounds every month and if i sold one and paid the mortgage down on the other i would have about £250 a month in my pocket.My mortgages are

amount owing £121000,monthly payment £629,rent £600
amount owing £108000,monthly payment £471,rent £525

Thinking of selling the house with the bigger mortgage and paying off £45000 on the other mortgage.Any comments would be appreciated.

do_it_today!

Hi
is there anyway you could get a better mortgage deal on them to reduce the payments?

If not I guess I would sell the one I least liked and pay off the mortgage of the other one.

if the six months here and there is permenant then having only one house means less worry plus you would have money left to invest in something else

good luck!