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Peter Is Making A Loss Of £80 A Month On His Btl!

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A Londoner priced out of the property market tells Rebecca O’Connor about his radical solution

http://property.timesonline.co.uk/article/...1834860,00.html

"The investment hasn’t quite gone to plan: Peter is making a loss of £80 a month. But he says that he is prepared to lose money in the short term."

"With this in mind, Peter wants to know whether he would be better off reducing his mortgage, saving to invest in a second buy-to-let, “perhaps in two years’ time”"

The EXPERTS say:

Mark Dampier, Head of Research, Hargreaves Lansdown

“I agree that the property market in London looks like an accident waiting to happen"

Mortgage advisor recommends :

Rob Clifford, chief executive, Mortgageforce

“Many buy-to-let borrowers choose an interest-only mortgage and in Peter’s case this would reduce his monthly payments to about £300."

Oh really - is that how they afford to 'buy' a BTL?

One wonders about the thousands presently who can't afford to save to pay additions off their mortgage with their mis-endowment plan too!

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oh dear!!....seriooooos debt junkie!!!

problem:.....I can't get profit from my hit of debt(mortgage)

solution....try a bigger hit of debt.

you remember the ads on telly some years ago about heroin screws you up....so does debt.

most folks are too blind to realise the drug has to be purged from the body!

giving up smoking is hard enough,but giving up debt will be a bitch!

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  • 302 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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