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If I owned a property outright and let it, would I be able to look at the following scenario?

Take advantage of an equity release scheme, giving me say 50% (75k) of the value of the property. I then invest that in ING getting £3750 gross.

The rent is say £600pcm so that is an annual total of £10,950 gross.

I am 40, not 65, which might be a problem.

All sounds nice at the top of a market, but what are the pitfalls and problems. Is it actually possible?

PS: Unfortunately it is hypothetical at the moment.

WapKap

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  • 442 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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