18:35 PM, 12th August 2014, About 9 years ago 5
Hi, I am in the process of purchasing my second buy to let property with cash. My first has a part interest only and part repayment mortgage on it to about 45% LTV.
This second one I intend to purchase with savings. I would still have about the equivalent of 30% of the purchase price in cash in the bank.
Everything I read about Buy to Let advocates mortgaging as much as possible. But if I can afford to buy cash, should I do this? Is the only risk the drop in property values?
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