DH and I are about to move to a different area. We are not planning to sell our current home as the property market isn't so good ATM. We are planning to convert the current residential mortgage to BTL, then applying for a residential mortgage to buy a new property.
Neither of us had any experiences with BTL. Shall we go for interest only or repayment? Shall I go for the agency (8% management fees) or manage ourselves? Some agencies offered the guaranteed rent scheme, is this a good idea? If we decide to manage ourselves, how do we start and how to avoid the loss?
Thank you :)
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33 replies
flyingpinkrabbit · 08/07/2017 00:22
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