In his third article in the series, Lee Sharpe looks at what happens when a novice landlord takes on a typical second-hand property.
In the first couple of case studies, we looked at scenarios involving seasoned landlords who were developing their own properties from scratch, and the possible implications of changing your mind partway through a development project.
In this case study, I will be considering a scenario when a budding landlord/landlady takes on their first property at the outset of their property investment activity.
Case Study 3: New property business
Shahab is a young professional who is looking to move into property investment as a stable source of investment income. He secures a buy-to-let (BTL) mortgage facility of up to £150,000 and selects a suitable,