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  • FIRST POST
    • sunnysoho
    • By sunnysoho 7th Feb 18, 5:30 PM
    • 3Posts
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    sunnysoho
    Buying in London vs Midlands - Offsetting Rent
    • #1
    • 7th Feb 18, 5:30 PM
    Buying in London vs Midlands - Offsetting Rent 7th Feb 18 at 5:30 PM
    Hello! Apologies if this has already been tackled on this amazing forum, and please point me in the right direction if there's already an existing similar thread.

    I have roughly under 100k to use as a deposit on a property.

    I'm from the Midlands (Telford) and still have friends and all my family there.

    However, i've been living and working in London for the last 3 years and can't see myself moving back 'home' soon.

    The question is; is it worth looking to buy in London (or the surrounding area) as this is where i live and work, or using that money to buy in the Midlands, pay off the mortgage quicker and then rent that property to offset my rent in London?

    I hope that makes sense!

    Any help, tips and advice would be greatly appreciated

    SunnySoho
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