Your property is an investment. As any investment, you have a varierty of options.
Firstly, there is the question of how the property will be used. Will you live in it permanently, will you rent it, or will revamp it and then sell it on? Whichever you choose, there are risks associated, although admittedly more with the latter two.
The key is always to meet mortgage repayment irregardless of what you're doing with your property.
If you rent, remember that estate agency fees to get tenants can often be quite high - hence paying these off whilst not having anyone inhabiting your property can be an extra burden. Get a reputable estate agent to market your property as this often warrants better results. |
