Property Investment Strategy and Advice Required

Property Investment Strategy and Advice Required

12:56 PM, 13th October 2014, About 10 years ago 13

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I wondered if you could give me your thoughts on my situation although I have only 2 properties! Property Investment Advice Required

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!!!

Thanks

Kieron


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Comments

Mark Alexander - Founder of Property118

11:04 AM, 14th October 2014, About 10 years ago

Reply to the comment left by "Howard Reuben" at "14/10/2014 - 10:54":

Hi Howard

Would you like to write an article about lending of this nature, i.e. lenders offering terms to people age 70 and under and 75 and under and maximum the term of mortgages available in these circumstances.
.

Howard Reuben Cert CII (MP) CeRER

11:09 AM, 14th October 2014, About 10 years ago

will do - authoring 'cap' on, will send soon 🙂

Mark Alexander - Founder of Property118

15:36 PM, 14th October 2014, About 10 years ago

One further thought Keiron

If cashflow is important to you, remember to check out Equity Finance >>> http://www.property118.com/new-btl-mortgage-finance-product/66267/
.

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