Forum Replies Created
Hi. Try these. Most places outside of London and the South East of the UK are positive cashflow / geared:
Liverpool – European Culture Capital of 2008.
Terrace houses around £50k. Yield 6% – 15%.Leeds. Nice University town. Yields slightly lower, but still a great buy.
A great book to recommend is: http://www.howtobooks.co.uk
It is called “Buy to Let Property Hotspots”. It is a year old, but has a wealth of information on loads of areas – Population, crime rates, yields and prices for differing types of property, national averages, capital growth, large employers, letting demand, void periods, yield and capital growth ratings, summary, more detailed description, transport links, estate agents, and letting agents.
Whilst it is not a substitute for doing your own research, it sure makes it a lot easier!
HiTry this out to see what sort of mortgages are available to non residents for “buy to let” properties in the UK:
http://www.best-buy-to-let-mortgages-uk.co.uk/
I don’t believe the UK buy-to-let mortgage market is as sophisticated as in Australia, but there seem to be many more positiely cash flow yielding properties over here.
Good luck!
An aussie in London
There Ain’t No Such Thing As A Free Lunch
