My first BTL – capital repayment or interest only?Make Text Bigger
I am aiming to buy my first rental property and am weighing up whether to use a capital repayment or interest only BTL.
The first property will be circa £75k – £100k studio or 1 bedroom flat with an 85% BTL and my objective is to build a small portfolio of similar sized properties that eventually generate an independent cashflow stream.
Would either a capital repayment or an interest only mortgage be more suitable?
What would be the pros and cons of each based on my situation and objectives?
Any experience or feedback would be greatly appreciated from the community.
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