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There are far to many variables.....your net yield is going to be far less than 9%. In fact gross is not necessarily 9%......@ £550 pcm it could be 8.25%

Its unlikely that any property purchase you make is going to make sense financially.....most newcomers seriously underestimate the running costs, fail to consider money that needs to be set aside and rarely factor in all the elements of the operation.

If you want to provide my details you might get a more detailed answer.

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Wouldn't that depend on :

* the terms of the loan ? eg......interest rate, arrangement fees etc.

* wether you are likely to need the money for something else in the future.

* The return your currently getting on the £160K.

* Your tax position.

* etc etc

Its like asking someone how long is a piece of string.

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