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Buying New Barratts Apartment.
seven-day-weekend
Posts: 36,755 Forumite
My husband and I have been thinking a buying an apartment as a buy-to-let for some time, but it was only yesterday we realised that we could up the budget to £100k.
Today we have seen a brand new two-bed Barratt apartment on at £101k, on a brownfield site just outside our city centre (easy walking distance from centre and rail and bus stations). The lady we saw at Barratts say they offer a scheme whereby Barratts will give you 12% return for the first year (in our case £12k) even if you rent your apartment out yourself and get rent from it. She has given us a flyer detailing this.
This seems too good to be true, does anyone know anything about it?
Today we have seen a brand new two-bed Barratt apartment on at £101k, on a brownfield site just outside our city centre (easy walking distance from centre and rail and bus stations). The lady we saw at Barratts say they offer a scheme whereby Barratts will give you 12% return for the first year (in our case £12k) even if you rent your apartment out yourself and get rent from it. She has given us a flyer detailing this.
This seems too good to be true, does anyone know anything about it?
(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
0
Comments
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Because they can't shift them and they know they are overpriced ?
Tell them to knock the £12k off the purchase price.0 -
I would rather they gave me the 12% off the asking price as it wont be taxed as income.
But they wont as they want to keep the land registry sold prices looking as high as possible.
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There are some second-hand ones on the development (we have just noticed) for £77k.
They were new in 2012.
Will look at those instead.(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0
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