There are tradeoffs and expenses to consider. If you own the home, you pay for it all year, even if it is vacant. You need to insure it against loss (fire, theft, etc) you provide all of the upkeep and maintenance. The question is if you are willing to incur these costs of ownership in exchange for always having a place of your own to stay in. The other option of course is to continue renting when you are there. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Certified by the National Association of Mortgage Professionals and Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950
Not sure you'll get anyone on this site who will be able to address benefits of purchase in the UK - but I'll be curious to see if someone does!
Possible benefits;appreciation, return on investmenttax benefits: depreciation (if rented), mortgage interest deductionguaranteed availability
There's probably more to your question that we're not seeing, but I think Bert summed it up perfectly based on the limited context to your question.. "There are tradeoffs and expenses to consider. If you own the home, you pay for it all year, even if it is vacant. You need to insure it against loss (fire, theft, etc) you provide all of the upkeep and maintenance. The question is if you are willing to incur these costs of ownership in exchange for always having a place of your own to stay in. The other option of course is to continue renting when you are there" I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com
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