Rent and mortage

rent and mortgage

By FOX PM

The amount you can charge for rent and the mortgage payment are two seperate figures that don’t always match up. The rent is set by the market and is independent of the mortgage repayment amount. At Fox, we suggest that you consider keeping a kitty for property expenses, downtime between tenants or simply a shortfall between the rent and the mortgage figures so that you are not caught out of pocket or out of favour with the bank.