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mortgage advice

Last post Wed, Nov 04 2009, 11:18 AM by lucy13. 2 replies.
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  •  Tue, Nov 03 2009, 10:34 AM

    mortgage advice

    I have 3 Flats, valued around £60,000 each which I own outright, however i want to buy a house now and i need advice on the following

    1. should I sell 1 to get my deposit

    2. Should i sell all of them and be mortgage free

    3.Should i remortgage 1 for my deposit and still have the income from the rent

    thankyou in advance for all your help & advice.

    • Post Points: 20
  •  Wed, Nov 04 2009, 11:12 AM

    Re: mortgage advice

    Hello Lucy13

    I'd personally sell one for a deposit, use the other two as an income to pay the mortgage then maybe look to sell the flats in several years time once property prices have increased further you should potentially make more profit

    Hope this helps

    Regards

    • Post Points: 20
  •  Wed, Nov 04 2009, 11:18 AM

    Re: mortgage advice

    thanks
    • Post Points: 5