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Brythan
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moving Moving and renting out my house

Currently I have a mortgage on my house, the mortgage is £2000.

I am moving to another city, but dontdon't wish to sell my house, the rental value is £1500.

Does it make sense for me to 'cover' the £500?

The house is worth £600,000 and I have 20 years left on my mortgage.

In my mind, I'll have an asset worth £600,000 by only paying £500 a month (£120,000 = £500 * 12 months * 20 years).

But I'm not sure if that's a good way to look at it.

moving and renting out my house

Currently I have a mortgage on my house, the mortgage is £2000.

I am moving to another city, but dont wish to sell my house, the rental value is £1500.

Does it make sense for me to 'cover' the £500?

The house is worth £600,000 and I have 20 years left on my mortgage.

In my mind, I'll have an asset worth £600,000 by only paying £500 a month (£120,000 = £500 * 12 months * 20 years).

But I'm not sure if that's a good way to look at it.

Moving and renting out my house

Currently I have a mortgage on my house, the mortgage is £2000.

I am moving to another city, but don't wish to sell my house, the rental value is £1500.

Does it make sense for me to 'cover' the £500?

The house is worth £600,000 and I have 20 years left on my mortgage.

In my mind, I'll have an asset worth £600,000 by only paying £500 a month (£120,000 = £500 * 12 months * 20 years).

But I'm not sure if that's a good way to look at it.

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gibo
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Currently I have a mortgage on my house, the mortgage is £2000.

I am moving to another city, but dont wish to sell my house, the rental value is £1500.

Does it make sense for me to 'cover' the £500?

The house is worth £600,000 and I have 20 years left on my mortgage.

In my mind, I'll have an asset worth £600,000 by only paying £500 a month (£120,000 = £500 * 12 months * 20 years).

But I'm not sure if that's a good way to look at it.

Currently I have a mortgage on my house, the mortgage is £2000.

I am moving to another city, but dont wish to sell my house, the rental value is £1500.

Does it make sense for me to 'cover' the £500?

The house is worth £600,000 and I have 20 years left on my mortgage.

Currently I have a mortgage on my house, the mortgage is £2000.

I am moving to another city, but dont wish to sell my house, the rental value is £1500.

Does it make sense for me to 'cover' the £500?

The house is worth £600,000 and I have 20 years left on my mortgage.

In my mind, I'll have an asset worth £600,000 by only paying £500 a month (£120,000 = £500 * 12 months * 20 years).

But I'm not sure if that's a good way to look at it.

Source Link
gibo
  • 141
  • 2

moving and renting out my house

Currently I have a mortgage on my house, the mortgage is £2000.

I am moving to another city, but dont wish to sell my house, the rental value is £1500.

Does it make sense for me to 'cover' the £500?

The house is worth £600,000 and I have 20 years left on my mortgage.