UK Landlord Forum / Life

Out of interest what sort of strategies do you have at the moment, are you looking to pay off as much of your mortgage as possible or are you thinking of saving as much as possible to start buying property given that soon bargains are to be had (if we are able to get BTL mortgages)?

I'm making overpayments at the moment while interest rates are low. Basically trying to reduce as much debt as possible and increase equity.

I personally think it would be stupid to have mortgage rates of 2% and pay the minimum amount. Rates will eventually rocket again, and those that have low equity and are paying the minimum may struggle when that happens.

How about you?

To be honest I dont really have a plan (especially in this environment) but think that over the next couple of years there may be opportunities to pick up bargains, but u r right in that now the BoE is printing money we could see high inflation and high interest rates in the future.  so it depends on the amount of risk u r willing to take - will see what happens