dave25 Posted May 14, 2010 Report Share Posted May 14, 2010 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? thanks Quote Link to post Share on other sites
Si1 Posted May 14, 2010 Report Share Posted May 14, 2010 advice? have you ever considered latin dancing - great for your hips, and middle-aged women love it. Quote Link to post Share on other sites
SOS_Crewed Posted May 14, 2010 Report Share Posted May 14, 2010 CGT 40% lol !!! Quote Link to post Share on other sites
bug09 Posted May 15, 2010 Report Share Posted May 15, 2010 Impossible to "advise"without knowing your circumstances, objectives, dependancies etc. Maybe you should think of a few ideas, and then post something more specific? Quote Link to post Share on other sites
Pent Up Posted May 16, 2010 Report Share Posted May 16, 2010 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. Quote Link to post Share on other sites
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