Repayment or Interest Only for new flat?Make Text Bigger
I am looking to a buy a flat locally for £60,000 the current rents achieved are between £550 to £600.
The same flat on the same floor is worth £75,000. I am looking at a pension really more than short term gains or income which is not needed.
In this position am I better going for a repayment mortgage or just save more buy going interest only and hoping for gains 20 years down the line on the value?
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