http://property-market.blog.co.uk/en-EUhttp://backend.userland.com/rss092http://property-market.blog.co.uk/http://data5.blog.de/design/preview/66/56b9eab7db6cf88c220c53b7fb3f12_160x200.jpgHi, thanks for the comments.<br> <br> I think to be on the safe side I will be looking for a property that requires some work - if there are any left! I am quite handy and can use my time to increase the value of the property. Maybe the downside here though is that there is no rental income until complete! I suppose it will all depend on the purchase price - if you buy right you can always sell right!<br> <br> I'll try and post some updates with any progress.<br> <br> Regards,<br> <br> Ian.http://property-market.blog.co.uk/2007/09/25/property_expert~3036767/#c4752011Wed, 26 Sep 2007 14:02:07 +0200I'm no property expert, but thought I'd reply anyway!<br> <br> I think alot of the BTL disasters you hear about are due to people borrowing way beyond their means! Just because the bank will lend you 5x your salary, doesn't mean you can afford to pay it back, but sadly alot of people can't see past the potential profit, so don't realise this!!<br> <br> If it's a long-term investment and you're not borrowing more than 3x your salary, preferably have a 20% deposit to put down, and could potentially afford interest payments IF rates went up to 12% (doubt they will, but best to be safe), then go for it!! If you don't have all the above, then do your calculations carefully.<br> <br> Properties abroad always come with other risks and complications, but don't know enough about the markets abroad to comment. http://property-market.blog.co.uk/2007/09/25/property_expert~3036767/#c4742107Tue, 25 Sep 2007 12:57:31 +0200