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Corsa Sport » Message Board » Off Day » House Day » Buy to let? » Post Reply
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J da Silva |
posted on 9th Mar 09 at 14:44 |
The interest rate is rock bottom near enough, house prices going up and down doesn't come into it in a BTL unless you want to rent it out for a short peroid and sell it, which is pointless! Go for it, everyone's renting because they don't have a deposit for their own pad. | |
t_benn_1 |
posted on 9th Mar 09 at 08:43 |
quote: And where is yours? | |
Russ |
posted on 4th Mar 09 at 22:34 |
buy mine :) | |
Fad |
posted on 4th Mar 09 at 18:21 |
If you buy now if it does drop further it wont be that great compared to the current % value of the house. All you have to look forwards to is the rising market which this time will not be like the last. | |
Sam |
posted on 4th Mar 09 at 13:07 |
quote: Yes but if house values keep dropping then you won't be sell up until it's worth at least the original buy price or more obviously - when that will happen is anyone's guess! :( | |
a_j_mair |
posted on 4th Mar 09 at 12:42 |
remeber if the house is empty you have to be in the position to afford both mortgages | |
Twiggy |
posted on 3rd Mar 09 at 22:32 |
TBH on a house valued at 130k it wont drop that much like a 200K has the potential to.... | |
neoquip |
posted on 3rd Mar 09 at 19:58 |
you need to talk to someone to see if you can release funds from your property, see if you can afford your Repayments still. | |
t_benn_1 |
posted on 3rd Mar 09 at 19:25 |
Plan is to buy a reposed house for us to move to. | |
Colin |
posted on 3rd Mar 09 at 18:25 |
You need a large deposit for BTL, you should be able to use equity on your home but you would need to remortgage it aswell. | |
t_benn_1 |
posted on 3rd Mar 09 at 16:41 |
Would i get a mortgage for a buy to let? |