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Buy to Let advice please

As I am looking at venturing into BTL business albeit gradually, I would like to look into purchasing a buy to let 2/3 bed house. Does anybody has experience of property appreciation in Dundee ( Scotland) and Havant ( Hampshire) in terms of investment potential both in the cost of purchase and ease of letting?

Asked on Aug 17 2017, General in Aberdeen | Report content

Answers (1)

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  • Hello - good for you. I would, however, say that the buy-to-let investment environment is changing a lot with new tax rules, stricter affordability criteria etc. Nonetheless, assuming you are based in Aberdeen, I would say start by speaking to as many lettings / estate agents as possible with regards to your intentions. For Havant, you can similarly call agents. Look out for local landlord networking groups in these areas and there are several good online forums available as well. Also, build some mortgage broker, accountant, solicitor contacts who will be able to provide you with invaluable information moving forward. Ultimately, you will need to establish the realistic level of rent you are likely to achieve from a property (you can also see this on Zoopla's rental page) and then ensure that you have a healthy yield so that all your costs are going to be covered. Feel free to post as many questions as you wish here - happy to help.

    Answered on Aug 18 2017, Report content

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