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Over pay residential mortgage or put money aside to cover interest only BTL mortgage?
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Thanks. I’m in my late 30s so doesn’t look like I have anything to worry about at the moment!Deleted_User said:depends what their business plan is. A few lenders will let you take a BTL to 100yrs old + now so if the rent is good and the mortgage is cheap then some people just let it run forever. 70 years old with a 35 year interest only mortgage then its likely to see them to end of life.
Others might sell up and take any equity growth as cash and make some other investments that might be suited to a quieter life0
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