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@deleted
I am at a point of indecission regarding my mortgage.
My mortgage broker is trying to get me to to only use half the cash from my flat sale as deposit on my new house, and use the other half as a deposit on a buy to let property.
I quite liked the idea of having a small sub £100k mortgage on my new place, but also know that it will not go up in value anywhere near as quickly as a 2 bed flat in the city centre. So it would seem to make financial sense in the long run to split my equity over two properties.
Who currently has a buy-to-let? Are they worth the hassle?
If I did do a BTL, I probably wouldnt buy it til next year, as it seems a silly time to buy as an investment at the moment.
I'm confused, and need to make a decision by monday as I need to get my mortgage application rolling for the place I've just had an offer accepted on.