Rent out this one, buy another
we currently owe £122,000 on our current house. It is worth an estimated £140,000.
We would like to rent it out and buy another house for £200,000.
We only have enough for a 5% deposit. anyone think this is even remotely possible?
Currently missing the days Northern Rock would offer me £260,000 even though at the time I could never have made the first payment!!!!
Joint income of £67,000
Am I just dreaming??