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Purchase BTL or pay off chunk of current mortgage?

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Comments

  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    jimbog wrote: »
    Yes, by 33%
    #awkward


    I said IMO it was worth no more than 120k. Where is the link to show me that it has sold for more?
  • tizzle6560
    tizzle6560 Posts: 354 Forumite
    Ninth Anniversary 100 Posts Combo Breaker
    Cakeguts wrote: »
    Why are you talking about furnishing it? Are you thinking of letting to students?

    furnished or part furnished properties rent out quicker than unfurnished
  • tizzle6560
    tizzle6560 Posts: 354 Forumite
    Ninth Anniversary 100 Posts Combo Breaker
    Crashy_Time wrote: »
    I said IMO it was worth no more than 120k. Where is the link to show me that it has sold for more?

    Do you guys want to take this separate debate offline?
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    tizzle6560 wrote: »
    furnished or part furnished properties rent out quicker than unfurnished

    That's a sweeping generalisation. It depends very much on what type of property you are buying and who is your target tenant.
  • tizzle6560
    tizzle6560 Posts: 354 Forumite
    Ninth Anniversary 100 Posts Combo Breaker
    Pixie5740 wrote: »
    That's a sweeping generalisation. It depends very much on what type of property you are buying and who is your target tenant.

    Let's not split hairs hey
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    tizzle6560 wrote: »
    Let's not split hairs hey

    No let's not consider the pesky details of what kind of property to invest in, who to let to, rental yield, or any of those other important factors in deciding whether BTL is the right investment vehicle or not.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Pixie5740 wrote: »
    No let's not consider the pesky details of what kind of property to invest in, who to let to, rental yield, or any of those other important factors in deciding whether BTL is the right investment vehicle or not.


    I bet a lot of people who got into BTL at the peak didn`t consider much of this either......?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Cakeguts wrote: »
    Why are you talking about furnishing it? Are you thinking of letting to students?


    Come on, most people want to rent furnished don`t they, except maybe people who got caught up in a chain collapse or something?
This discussion has been closed.
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