Buying to let – Invest in property unmortgable – UK?
There is a property for sale that would give a net yield of 6.2% (in the side of the very conservative – but possibly 8% is still a bit cautious in September maybe if I do not pretend it will never go wrong). The reason I believe that the return would be so high (ie, the sale price so low) is to be purcahsed a total cash (no mortgage – one of the ex-council blocks are safe investments, but construction of foreign material) is not a long term lease. While the price will go up and down with everything else goes up and down that will never grow as much as anything that mortgage. Is this a good investment? Just to add – this isn't a new block – its great and very populated! Its council ex – near a University Hospital, property that its value will increase with the market, even if it means to have a small mortgage (which would be covered by the rent)? The choice is yours, but But it would be for me.
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