Start of journey. Too many questions. Opinions/suggestions would be much appreciated.

Discussion in 'Investment Strategy' started by Ed5000, 2nd Jul, 2015.

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  1. miked

    miked Well-Known Member

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    Thanks vm for that.

    I was going to ask 'If you can afford 80% but at 90% would be able to borrow extra to sit in an offset to use for the interest payments, is that worthwhile?', but after I finished typing I thought maybe that's too specific a question and really depends on individual circumstances.
     
    miked, 3rd Jul, 2015
    #21
  2. Property Twins

    Property Twins Mortgage Brokers & Buyers Agents Business Member

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    Tranquilo / Max

    What would you classify as pricey in the region?

    Many thanks
    Monalisa
     
    Property Twins, 3rd Jul, 2015
    #22
  3. Ed5000

    Ed5000 Member

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    2nd Jul, 2015
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    Mainly an equity release play to get me ready for an IP. An overshoot would be ideal ;) Although a lower interest rate wouldn't hurt. A desktop val might be best at this stage and then if it is low I can revisit after the small kitchen reno.

    Gotta get the deposit and finance sorted before taking the next step towards an IP.

    Thanks Redom.
     
    Ed5000, 4th Jul, 2015
    #23
  4. Tranquilo

    Tranquilo Well-Known Member

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    Hi Monalisa,

    I had to ask Michael the other day who were the twins lol bad memory when it comes to names.
    First congrats what you and your sister have achieved .

    I would say high 300's is pricey.
     
    Tranquilo, 5th Jul, 2015
    #24
    Property Twins likes this.
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