Councils using ‘Intelligence’ to track down low EPC properties and fine £5,00015:08 PM, 29th March 2021
About 2 weeks ago 36
I own outright (no mortgage) a freehold building in Bristol which is divided into four one-bed flats.
The value of the building is £220,000 and rental income is £21,900 per annum.
I need to raise £100,00 as soon as possible.
I’ve had an offer of £210,000 to sell.
I have a offer of a mortgage for £100,000 @ 4% above bank base rate.
I could also create 4 separate leaseholds and sell the flats individually for circa £60,000 each.
My dilemma is whether to sell, mortgage or split.
What would you do if you were me?
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.