How do you finance your own home?

[karlb 0]

Greetings All,

In the midst of planning my desired strategy I have come up with a curiosity - how do most property developers/landlords structure the financing for their own home?

If you have enough capital, I suppose the optimal scenario is to buy a place in cash, but as most of us have limited capital, it is better to keep it 'working'..  I also don't want to be throwing money away on rent, so is the answer an interest only residential mortgage?  

Any tips, thoughts and opinions welcome.  

Thanks!

Karl

[julia urquhart 155]

Residential mortgages have the best rates available so mortgage your own home and release capital for BTLs.

I would always want to be sure my own home is secure so mMake sure the repayment level will always be manageable, then go for a long, low, fixed rate.

Good luck