Surely I am not the only landlord worried about new EPC requirements?9:44 AM, 17th February 2021
About 3 weeks ago 128
I have read lot’s of articles and listened to podcasts. I have also read through Mark’s account of interest vs. repayment mortgage; a lot of professional advice says interest only mortgage is best for property investment. However, going to property meetings you meet a range of people who do both and for no obvious reason to me other than how they “feel” about debt and not having a larger equity in their property or whether they “feel” better about having cash in hand.
For me I am yet to pick a particular way to go with my future investments because I have heard intellectual arguments that really convinces me one way and then soon after another that sways me the other way.
I understand cash is good, but if the worst case scenario happens and your bank calls in your mortgage, like the couple who were in the news at the end of last year who lost their fortune in property based around the crash of Northern Rock and Lehmann brothers during the height of the property crash, I tend to feel surely the more equity you have in your property the more protected you are.
I guess I am looking to hear a point of view or person that really resonates with me, then I can finally make a decision and stick to it, so I can refine my property strategy.
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