I presume in either scenario you are keeping your existing house?

On the basis buy to let mortgages tend to have a higher interest rate attached to them, I would think you need a tax benefit to make this the better option.

From a wealth building perspective, interest only is surely only of benefit if the extra cash in your pocket is generating a greater return than the interest rate you’re paying out.

I’m somewhat risk averse so assuming all other factors equal, I’d borrow on a repayment basis for the new place.

Posted By: SimonOTBC, Jun 27, 18:22:25