I have £115,000 to invest – is a Fife rental property still worth the risk? (Watch/Read/Listen)
“We have recently inherited £115,000. We have contemplated purchasing a Fife buy-to-let property to support our early retirement. Considering that the Skipton Building Society offers a 4.25% return on their 18-month bond and the stagnant Fife property market, we are uncertain whether investing in a rental property is worth the trouble. Kind regards. Mr & Mrs A from Fife”.
Dear Mr & Mrs A from Fife, if your primary objective is to generate income and reduce your workload, buying a buy-to-let property is likely not the favourable option unless you leverage the purchase. Let me explain…