Chaps

I agree that in the short term it can pay to rent but long term, house ownership is a no brainer. You can change it to suit yourself, put in new kitchens etc.

I did quote interest only payments but you could step it up as you get older in order to clear the debt.

I charge about £75pm below the going rate and as a result I have the original Tenants in both houses and they don't argue with me in the event of a dispute.  Once a tenant wanted me to come around and change a light bulb. I said of course, but the rent goes up by £50pm which soon shut him up.

Also there is nothing wrong with people owning holiday homes, the system of the world rules that he who sells anything be it hifi, cars or houses, will sell to the highest bidder. Cornwall is a good example where the community is becoming more focussed on tourism and it is bringing money into the UK as well as Cornwall.

That is in part due to second home owners coming in and spending money on doing up old cottages that the local buggers failed to maintain.

Regards

Mick