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Are we missing something obvious on this mortgage arrangement?
Comments
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£2350pm on a £700k property that's 4% gross yield which is very low.
You are going to loose the best part of 2% of that covering borrowing on £700k(on the let and residential if you buy a new place.
How much is left after the other costs and tax
That has to cover the extra SDLT for second home
How many years before you see a penny in your pocket?
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