Yeh

They suggested buy to let on my current property to generate some of the money and then a repayment mortgage on the new place. Basic calculation with rent covering some of the new mortgage would look like only £400 a month leaving money to overpay etc. Wasn't sure on additional costs of doing this or what would happen if I then wanted to sell my current house.

Wasn't looking at it as an investment - more away to purchase the new property that they made sound like financial sense but I just thought 'huh how does that work?'

Posted By: jonnym6, Jun 27, 19:27:23