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How risky is it in real terms getting a Mortgage?

Is it a safer bet to be a cash buyer if you can and rent out,rather than risk FTB Mortgage?

Asked on Mar 28 2010, House Prices in New Malden | Report content

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  • If you have a good credit history, income and deposit getting a mortgage is fine. If you have cash to pay then great but if you are looking for an investment property be aware that tax is liable on any monthly profits, so from that prospectus you would be better off having a mortgage to off set against monthly income. I have a great financial advisor I can put you in touch with if you like.

    Answered on Mar 28 2010, Report content
  • The only way to really advise is if you can get a greater yield on your cash elsewhere then borrow to buy if you can't then buy cash. Most would probably borrow as much as they can to stay as liquid as possible cash is King and if it is stuck in property you can't use it when you need it.

    Answered on Mar 29 2010, Report content

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