2006-12-14 08:56:41 · 2 answers · asked by fool 1 in Business & Finance ➔ Personal Finance
Live in the old house a while longer.
Sell the sell home.
If you find it hard to raise 300k then read the hand writing on the wall.
Don't bite off a bigger chunk than you can chew.
2006-12-14 09:08:26 · answer #1 · answered by Floyd B 5 · 0⤊ 0⤋
Depends on what capital you have, if any and the value of the property you are going to let?? You can get an interest only mortgage for but to let property, most buy to let purchasers use this route, this is offset by claiming on your tax anyway. Depending on how much you owe on current property, you can borrow from the equity for purchase of new property. You may also have to provide proof of estimated income from the rented property to your proposed lender. xx
2006-12-14 18:44:20 · answer #2 · answered by RUTH M 3 · 0⤊ 0⤋