| doing the sums, I think the interest only mortage amount would be the same as the rental income...so I dont think there will be profit!!
My rationalle is I get to keep the home and the equity which bulds in it, and will be paying lumop sums opf the capital each year, so in 5 years or so I can clear the mortgage on the new house with teh equity from this one...just sounds too easy!!
down the letting agents for me this weekend for advice I think.... |