Mortgage or use Cash

C

colt knost

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I am wondering if anyone has an opinion on the following. I am about to build a house. I estimate that the cost will be about €240K. My wife and I have savings of approx €100K.
We have a mortgate on a property where we currently live which we hope to rent (if possible). Would we be better off financially to get a mortgage for the full amount of the build if we can and take advantage of mortgage interest relief and invest the cash or to use the cash and get a mortgage for the remainder?
Hope this makes sense.
 
Can't fully answer your question, but cash is king at the moment they're saying. Perhaps use some, but keep some in reserve also?
 
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