I'm betting we are going out of the recession, and that property prices will rise. As the UK, as Norway, has its own currency, and government borrowing is mostly in their own currency, they have been able to keep interest rates low. My bet is that the growth in the property market, rematal prices, and salaries, will be greater than the interest growth.
If I was to go on a trip, I would go for interest only and live a bit more comfortable now. If my bet is correct, then 5, 10, 20 years from now, the relative size of your loan compared to the rent you get, is ever smaller... even if you havent paid down on the loan wit a single pound.
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