This is my next endeavour and I'm making this thread to glean from other people's experiences. After saving for a year and intending to buy a house to live in, I realize that Corona has weakened the resolve of many a mortgage lender and they are now asking for 15% of the initial house valuation. Considering I could pay up to 4x the monthly mortgage, no deposit, no go.
So I'm wondering whether it would be better in the long run to buy an investment property. A 2 bedroom flat close to the city centre in an area with a decent sized university? That's what I'm now actively looking at anyway. What are your experiences and how did you get on the housing ladder?
So I'm wondering whether it would be better in the long run to buy an investment property. A 2 bedroom flat close to the city centre in an area with a decent sized university? That's what I'm now actively looking at anyway. What are your experiences and how did you get on the housing ladder?