T
tlogic2020
New Member
Hi,
I'm Looking for some advice or some food for thought if you don't mind.
In the next few months I should have enough cash to pay of my current mortgage. My house is worth circa £550k,
and I have circa £180k outstanding. My current interest rate on the mortgage 1.68% with my current fixed rate deal coming to an end
next February (2022). Shall I pay this off with the cash I got or should I invest it in a HMO property?. My wife saying to pay off the mortgage
but I'm thinking differently and would like to build a portfolio of property with a mixture of savings and releasing some equity from my current home.
I'm Looking for some advice or some food for thought if you don't mind.
In the next few months I should have enough cash to pay of my current mortgage. My house is worth circa £550k,
and I have circa £180k outstanding. My current interest rate on the mortgage 1.68% with my current fixed rate deal coming to an end
next February (2022). Shall I pay this off with the cash I got or should I invest it in a HMO property?. My wife saying to pay off the mortgage
but I'm thinking differently and would like to build a portfolio of property with a mixture of savings and releasing some equity from my current home.