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[quote][i]Originally posted by Cosmo[/i] I know a few people on here have buy to let mortgages so you might be able to help... I was looking at moving out of my apartment and in to a house before the credit crunch hit, now things have settled, house prices are low and mortgage rates are good Im thinking of moving again. Now when I was going to move orignally I was just going to sell the apartment and buy a house with a little mortgage, but now the apartment's value has dropped (only a little, Id still make a profit on what I paid) but the rentable value has shot up to about £950 a month. So it seems a good idea to me if I got a good rate fixed mortgage, hold on to it for a while bringing in top dollar rent then look to sell when the mortgage is up and the rates will no doubt be higher. But...and I best going to a repayment type mortgage or just an interest only on the apartment? Id be getting a repayment (more than likely) on the house Id buy. [/quote]
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