Thursday, September 22, 2005

Buy to Let - Spain or UK?

Buy to let in the UK is a great way to invest in property in UK and Spain but which is going to give you the best (ROI) return on your investment?

In the UK there are hundreds of different buy-to-let mortgages but probably the cheapest is an interest only mortgage which normally requires a 15% deposit. Interest would be around 5.5% but you may be able to shop around for better deals and get a reduced rate for the first one or two years.

In Spain the choice of mortgages is not so great but the interest rates are lower.

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