Hi
My sister in law has about 150,000 to invest ( her share of a house sale).
Her and her husband have no loans or credit cards outstanding and live in a house valued 350K - 400k with an outstanding mortgage of 249K. They both work from home in a company that is a just under a year only and are only paying themselves expenses and a small wage so as to avoid paying much paye. The business is slowly starting to take off but up until now the money coming in has been eratic.
She could invest the money into the house but would rather invest in one or two houses down the country to see how it goes.
Would she still be able to get a mortgage or what would she be better off doing with the money. If she buys a house she is thinking of registering for vat, is this a good idea. Thanks for any help
My sister in law has about 150,000 to invest ( her share of a house sale).
Her and her husband have no loans or credit cards outstanding and live in a house valued 350K - 400k with an outstanding mortgage of 249K. They both work from home in a company that is a just under a year only and are only paying themselves expenses and a small wage so as to avoid paying much paye. The business is slowly starting to take off but up until now the money coming in has been eratic.
She could invest the money into the house but would rather invest in one or two houses down the country to see how it goes.
Would she still be able to get a mortgage or what would she be better off doing with the money. If she buys a house she is thinking of registering for vat, is this a good idea. Thanks for any help