Buy to let advice
Hello everyone,
My wife and mysef are looking to buy a property in Spain initially for use as a holiday home and eventually as a more permanent residence. To speed things along we have been toying with the idea of getting a mortgage to purchase the property and then renting it as a holiday home to fund the mortgage repayments, has anyone else gone down this route and if so what were the pros and cons, how difficult or how easy was it, what additional or unexpected costs were there, I realise that on top of the mortgage repayments there would have to be things such as insurance, paying a person or a company to clean and maintain the property in our absence and handover keys etc to arriving guests, is there anything I have not thought of (and I am pretty sure there is probably lots) absolutely any advice is welcomed and would be greatly appreciated
Many thanks in advance
Wayne and Mel