I have been looking at investing in property for a couple of years but only now find myself financially viable to do so.
I have read on both these forums and in related Subject books that the big investor's always favour interest only mortgages. Is this simply a way of releasing the most cash flow to fund other properties/lifestyle choices?
If so what do they do to way off the income tax liability of the cash flow and is it simply a case of waiting/expecting a market increase to pay off the mortgage Debt?
I am rather cautious minded and whilst I want to make money (provide a pension in the longer term), I don't want to risk my home which I intend to raise capital on and have always favoured the certainty of a repayment mortgage.
What is the consensus? Many thanks for your input.
I have read on both these forums and in related Subject books that the big investor's always favour interest only mortgages. Is this simply a way of releasing the most cash flow to fund other properties/lifestyle choices?
If so what do they do to way off the income tax liability of the cash flow and is it simply a case of waiting/expecting a market increase to pay off the mortgage Debt?
I am rather cautious minded and whilst I want to make money (provide a pension in the longer term), I don't want to risk my home which I intend to raise capital on and have always favoured the certainty of a repayment mortgage.
What is the consensus? Many thanks for your input.