The situation as it stands for me is that I've saved up a bit of money and not really sure what to do with it apart from leave it in a savings account/ISA. A lot of people keep saying to invest it into property.
I've been looking at doing this for a while but it wasn't until recently I've properly looked into it.
I've found a lovely looking 1 bedroom flat/messanine in an old mill that has just been converted, it's not big by any means but well laid out and very well finished. It's overlooking a river, is a 5 minute walk from a little town centre and about 100m from a railway station that is a direct line for stations in west Yorkshire. About 15/20min max to the centre of Leeds.
I'm going to see a mortgage advisor on Friday, however from doing the odd online calculation it looks like I'd have about a 20% deposit on the flat and then the mortgage would be around £220-£270 a month.
Another plus side for me is if I decide to come out of the Air Force in 4 years then I will have somewhere to live! Unlike now where I either have a barrack block or my parents house .
What would you do in my position? Do you feel with the current market that properties are a sound investment for the future?
I'm going to try view it again and discuss it more with the agency.
I've been looking at doing this for a while but it wasn't until recently I've properly looked into it.
I've found a lovely looking 1 bedroom flat/messanine in an old mill that has just been converted, it's not big by any means but well laid out and very well finished. It's overlooking a river, is a 5 minute walk from a little town centre and about 100m from a railway station that is a direct line for stations in west Yorkshire. About 15/20min max to the centre of Leeds.
I'm going to see a mortgage advisor on Friday, however from doing the odd online calculation it looks like I'd have about a 20% deposit on the flat and then the mortgage would be around £220-£270 a month.
Another plus side for me is if I decide to come out of the Air Force in 4 years then I will have somewhere to live! Unlike now where I either have a barrack block or my parents house .
What would you do in my position? Do you feel with the current market that properties are a sound investment for the future?
I'm going to try view it again and discuss it more with the agency.
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