11:55 AM, 16th January 2014, About 8 years ago 46
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.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
Previous ArticleProperty trends revealed in Rightmove’s ‘Little Blue Book’
Next ArticleLoan To Value or Loan To Purchase Price?
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|