Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
I wondered if you could give me your thoughts on my situation although I have only 2 properties!
BTL was bought 1987 for £82k now worth £450k it was my principal private residence (PPR)until 2000. £90K mortgage due to be repaid in full 2025 – variable rate 2% currently producing £16,200 PA rent
My PPR now was bought in 2000 worth £680k.
I would like to avoid selling my PPR if possible but would like to realise largest lump sum possible with least CGT or alternatively use some of lump sum to buy smaller freehold property provide monthly income. The current mortgage on my PPR is 2% variable £90K paid off in 2020
I am 53 and wife is 55
Just a bit confused by all the options!!!
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