Moneymatters202
Registered User
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Quick question, we have a mortgage and owe about 50% still to the bank, my OH was made redundant a few years ago so have a few bob saved. He is now back working full time, im a stay at home parent with a long term illness on social welfare with no pension. We are considering using our savings to buy a second property to rent long term. This will then become my pension down the line when we hit retirement age, husband has a private pension already. What is the downside/upside to doing this? I don't really want to use all our savings to clear our mortgage.