Matters to consider when buying residential investment property

17 September 2008
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  1. Be prepared to become a landlord and take on the responsibilities associated with this. There is work involved and before embarking on this type of investment for the first time, talk to somebody who has already been down this road.
  2. Use our special calculator to test for changes in occupancy rates, mortgage rates and other factors.
  3. Before buying, work out exactly what is included in the sale and budget carefully for fit out costs and other associated costs e.g. stamp duty etc.
  4. In some instances, in order to purchase a residential investment property, it will be necessary to have both your current residence and the new property as security for the lender. You should carefully consider the implications of this requirement.
  5. Ensure you obtain legal advice in regard to any proposed lettings.