Hi guys,
My wife and I have decided to move to the UK next year for a 2 year adventure.
Our choices are to retn the whole time we are there, buy a tidy house and rent it out when we leave, buy a do up an rent it out when we leave or sell it hopefully for a bit of a gain.
My main concern is seviceability of the loan if it is vacant. 500 to 700 pounds a month is a hefty amount in NZ$.
Also, how do you start with finding the right one over there? What are the processes?
I know how to do it pretty much now in NZ but what are the fish hooks in the UK? And also what kind of returns are to be expected to be performing well. I am guessing that I would just use the "Make sure it is CF+" rule.
It appears that there are some opportunities in the property market in the Uk.
Your thoughts folks?
L
My wife and I have decided to move to the UK next year for a 2 year adventure.
Our choices are to retn the whole time we are there, buy a tidy house and rent it out when we leave, buy a do up an rent it out when we leave or sell it hopefully for a bit of a gain.
My main concern is seviceability of the loan if it is vacant. 500 to 700 pounds a month is a hefty amount in NZ$.
Also, how do you start with finding the right one over there? What are the processes?
I know how to do it pretty much now in NZ but what are the fish hooks in the UK? And also what kind of returns are to be expected to be performing well. I am guessing that I would just use the "Make sure it is CF+" rule.
It appears that there are some opportunities in the property market in the Uk.
Your thoughts folks?
L
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