mortgage advice - complex case!

Thrugelmir

Sell house 2. Upside is very limited. Interest rates to rise and property prices at best to stagnate, plus minimal rental growth.

At what point will rising interest rates make letting unprofitable? Thats one issue I would be considering.

originalmiscellany

Well a year and a bit on since the last post, we've hammered the mortgage down on our primary residence, and we will soon be commencing phase 2 which is to hit the other mortgage on the other house. We are assuming that interest rates are going to be stay low for a few more years, so it's in our interest to keep the house and think long term about keeping the house on, as in say 5 years the mortgage should be low enough to allow us to make a regular income from it (well that's the theory!).
I've also updated this as I like reading up on peoples threads, and get annoyed when things just stop and no update for years is given, so I'm just keeping this up to date.

poppy10_2

originalmiscellany wrote: »

Well a year and a bit on since the last post, we've hammered the mortgage down on our primary residence, and we will soon be commencing phase 2 which is to hit the other mortgage on the other house. We are assuming that interest rates are going to be stay low for a few more years, so it's in our interest to keep the house and think long term about keeping the house on, as in say 5 years the mortgage should be low enough to allow us to make a regular income from it (well that's the theory!).
I've also updated this as I like reading up on peoples threads, and get annoyed when things just stop and no update for years is given, so I'm just keeping this up to date.

Thanks for the update, makes interesting reading.