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Pay Off Mortgage or Buy a Second House?

Adamc · 2021-09-15 15:36:16

Hi In the scenario where you had the savings to be able to put a deposit down on a small additional property (and could afford the mortgage repayments), with the intention to rent it out, or overpay the mortgage on your own property ... which, generally, would be the better investment?

Options

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george4064 Posts: 2,928 Forumite

27 September 2021 at 8:04AM edited 27 September 2021 at 8:06AM

Adamc said:

george4064 said:

Option 3. Invest the money in either pensions and/or S&S ISA.

How did you get into this initially?

Could you point me in the direction of some resources to look into these options? They're totally new to me but I'd like to know more.

www.amorge.co.uk
www.monevator.com
https://www.moneysavingexpert.com/investments/

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Pay Off Mortgage or Buy a Second House?

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