Comments on: Renting To Avoid A Property Chain Disaster http://www.propertyinvestmentproject.co.uk/blog/renting-to-avoid-a-property-chain-disaster/ DOCUMENTING ONE MAN'S JOURNEY TO BECOMING A PROPERTY MILLIONAIRE Wed, 08 Feb 2012 21:13:32 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jeremy http://www.propertyinvestmentproject.co.uk/blog/renting-to-avoid-a-property-chain-disaster/comment-page-1/#comment-170127 Jeremy Thu, 24 Nov 2011 01:16:26 +0000 http://www.propertyinvestmentproject.co.uk/blog/?p=384#comment-170127 I think your financial analysis is flawed. The real cost to your tenant is not, as you state: Cost of your rent (£10k) it is really Cost of your rent (£10k) minus mortgage payments not made for a year because there is now no mortgage minus interest earned on the equity sitting in high interest savings account before new property purchased. Depending on the latter two numbers, the net cost could be not very much at all, in which case the emotional benefits and the increased buying power benefits which come from being chain free could make the decision a doddle. I think your financial analysis is flawed. The real cost to your tenant is not, as you state:

Cost of your rent (£10k)

it is really

Cost of your rent (£10k)
minus mortgage payments not made for a year because there is now no mortgage
minus interest earned on the equity sitting in high interest savings account before new property purchased.

Depending on the latter two numbers, the net cost could be not very much at all, in which case the emotional benefits and the increased buying power benefits which come from being chain free could make the decision a doddle.

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