How far are you willing to go in marketing your home in order to see it sold? Since the repeal of the Property Misdescription Act on 1st October 2013 and its replacement with the Consumer Protection from Unfair Trading Regulations 2008 (CPR) and the Business Protection from Misleading Marketing Regulations 2008 (BPR), selling your home brings with it an increased duty to declare its faults.
The City of Edinburgh Council’s new policy from 1 January 2014 introduces a 200% council tax charge on long term empty properties.
What is the Green Deal Loan? Green Deal loans are being offered by supermarkets and energy companies to pay for property improvements that will increase the energy efficiency of a property, such as double glazing or loft insulation. The interest rate is roughly seven percent a year and you repay the loan through your energy bills. The Golden Rule is that crucially your monthly repayments should not exceed your monthly savings made as a result of the improvements...
1) Buying a 1 bed central Edinburgh flat for 90k and central Edinburgh 2 bed for 160k. 2) These would give net rents of £500 & £725 pcm. £1225 total pcm. £14,700 per annum. 3) Assuming you put down £100k in total then you would borrow £150k (60% Loan to Value). 4) This equates to a gross yield of 5.8% on £250k. This is reasonable yield figure to work on for quality Edinburgh property...