Quote Originally Posted by Gerry Reed View Post
I think, if you are being realistic. for most owners, the income from rentals covers the running costs and helps toward the mortgage payments but few owners will get sufficient income to cover all expenses, taxes, maintenance and all the mortgage payments - of course it does depend on the size of your mortgage.

Sue
Even if you have no mortgage you also have to consider whether the same amount of money invested would generate a bigger fund in your pension pot, especially with the news that you can take it as a lump sum (albeit paying tax on 75% of it) Youo may find you get a bigger lump sum like that. When we bought we did consider that if all goes well and we were to sell after paying off the mortgage we would have a lump sum to supplement pension as being self employed dont get the same benefit of employers contributions bumping up the fund.