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2nd Home
WHSwallow
Posts: 2 Newbie
Hello I hope this is the correct forum for this question!
We are coming to the end of our fixed term mortgage and want to buy a second home abroad to rent out. We were wondering if it makes sense to re-mortgage and release some equity in our current home and we would be able to buy outright abroad? This second property would be a rental.
Or is it better to save,overpay a bit on our mortgage and buy later. I'm only conscious that where we want to invest the property prices are increasing.
We are coming to the end of our fixed term mortgage and want to buy a second home abroad to rent out. We were wondering if it makes sense to re-mortgage and release some equity in our current home and we would be able to buy outright abroad? This second property would be a rental.
Or is it better to save,overpay a bit on our mortgage and buy later. I'm only conscious that where we want to invest the property prices are increasing.
0
Comments
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You need to see a decent financial adviser not ask to strangers who don't know your circumstances on a public forum.. All the best0
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