8:43 AM, 19th June 2018, About 5 years ago 7
What is best for retirement income? Net rents or equity withdrawal by remortgaging?
If drawing equity is the answer to what Loan to Value should I max out at?
To put some meat on the bones – my wife and I are retired investors in our 70s, with a portfolio of 41 properties and living off the net rental income.
Approx half the properties are in a Co and half in personal names, mainly unencumbered props, and therefore S24 is not a problem.
Our LTV is only 52%. We also operate the personal properties via a Management Co structure.
Do we stick or twist? Ie do we continue to live off rental income and stay as we are, or remortgage some of our personal properties for cash?
If we considered the remortgage route our rental income would drop, but equity would be released to spend and/or reinv est.
We believe our situation is simple, we have no problem as we are, but sitting on large equity is frustrating.
Any comments would be greatly appreciated.
Thank you and regards
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