Jump to content
House Price Crash Forum

Recommended Posts

Hi there

i wanted some advice , i am thinking of buying a new house, budget is around 250,000. I currently own a midterraced house valued around 100,000, no mortgage and also another mid terraced house worth around 90,000, ive rented it out and receive around 350 per month, again no mortgage.

I am thinking of selling both houses and get a mortgage for around 50,000 to buy the new house, but i am undecided, whether i should sell my second rented home or leave it as it is and get a mortgage of 150,000 instead.. any advice would be great?


Share this post

Link to post
Share on other sites

advice? have you ever considered latin dancing - great for your hips, and middle-aged women love it.

Share this post

Link to post
Share on other sites

Impossible to "advise"without knowing your circumstances, objectives, dependancies etc.

Maybe you should think of a few ideas, and then post something more specific?

Share this post

Link to post
Share on other sites

personnally I'd sell both houses to keep the new mortgage to a minimum. Interest rates are predicted to rise as early as June (barclays capital)

But like one of the other posters says it really depends on your circumstances.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

  • 259 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%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.