I have about 190K sterling cash, most likely buy in UK, Scotland, Edinburgh. (possible England) but which offers a better return, just buy outright or buy to let?
Added (1). property will be in an easily let area, so mortgage will be paid by the rent. So perhaps could go for a modest mortgage and go for 2 properties?
In Scotland they have a tax called ADS, addtional dwelling supplement, theres a hefty 3% on total value of property over 145K.
so seriously considering buying 2 properties < 145K with a buy to let mortgage.
Read more: Buying property outright to rent out vs buy to let mortgage?
