Consider the following scenario of investing in a £200,000 property in the UK. Please note that this example assumes average growth and rental returns of 5% per annum and does not include buying and selling costs. Cash Purchase: £200,000 investment generating gross rentals of £100,000. However, agent fees, expenses, and taxes on the remaining profit must be considered. Assuming a 5% annual...
When considering purchasing a property, it is essential to take into account various factors beyond the purchase price. Here are some of the key considerations to include in your budget: Mortgage product fees: Different mortgage deals come with varying fees, typically ranging from 0 to £2000. Mortgage broker fee: Some brokers may charge a fee for securing a mortgage on your behalf. However, for...
