I have interest only mortgage on my buy to let should i pay more if I can afford to
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Q&A » Mortgages
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174JoeEasedale postedYou need a full review of your finances, asperations, risks,etc to answer that question. There are no quick and easy answers to such a question without a vast amount of information to inform the answer.
Posted on 02 June 2012 |
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878MikeGG1 posted
Do you pay off any card debts every month? If not, that should be your first priority.
You should also keep an emergency reserve of at least 3 months net income.
Is there anything else that you want to save up for?
After that compare the BTL interest rate net of tax relief with your residential mortgage interest rate and pay off the higher.
Mike
Posted on 02 June 2012 | Love 0 loves
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