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AIBU?

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Help with mortgage/buy advice

2 replies

shoesoff1 · 06/08/2018 11:53

Hello all,
Posting for traffic and advice.
Sold property last year & currently rent. Rental isn’t as big as we would like but it belongs to inlaws so hefty discount & flexible. Not having much luck buying as not much coming on the market & would prefer now to wait until after Brexit.

I was planning on buying a separate small property near family in the future but wondering if I should do this now. I would plan to have it as buy to let & use for holidays if possible but primarily it would be my retirement home in 25/30 years time.

My question is what’s better? If I have a buy to let (with small mortgage) will that affect affordability when buying family home? Which is better to do first?

OP posts:
bilbodog · 06/08/2018 11:59

I think you will pay more stamp duty for buy to let and might on your next house if you already have the other. Why not check with an independent mortgage advisor and get proper advice?

shoesoff1 · 06/08/2018 12:12

yes will do, just off on holiday for 2 weeks tmw so have some time to mull over.

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