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Good afternoon, I am going through the conveyancing process for purchasing a property (to let) in Liverpool. The details of the property are as follows: 1 bedroom. Purpose built flat in a small block. Built in 2017. Currently tenanted for £500pcm. Could realistically achieve £525pcm. ISSUE I have just received the following preliminary advice from my solicitors: Ground Rent- The ground rent is currently £250.00 per annum, and it will be reviewed every 10 years. On the first 5 review dates, the ground rent will be increased b
Good Morning All Property Investors, Up until now my strategy has been to buy properties to let, growing my portfolio organically by reinvesting any capital growth and excess rent. I started in property in 2015 and I now have 3 properties in Buckinghamshire, not an aggressive strategy but one that at this time works for me. With low interest, this going well and I would hope to add to my portfolio again this year. This is where my dilemma comes in – I am asking myself whether I should diversify my portfolio with a new strategy. I see the following