Never mind, you green-eyed southerners, There are plenty of terraced back-to backs in Burnley, needing an indoor privy and a few other mod-cons, you'll get change out of 20K YES 20 thousand pounds.
the downside is unemployment there are good motorway and train links to Manchester and Leeds. All those nasty sponging furriners have seen the opportunity and many buy -up these cheap properties, realising that it will quickly repay them, rather than renting
Cheap Landlord mortgages. A total fallacy! About 6 years ago, I attempted to buy a repossession 4-bed detached on a corner plot. Young family, father stiffed by his Ex and barred from mortgage. Interest immediately went from 2.5% to 6% - minimum deposit from 10% up to 30%....
Now take into account that interest -payments by landlords are no-longer subject to tax-relief, That means the rent has to pay the whole mortgage-payment, a return on the capital for the deposit, the costs of wear and tear, refurbishments, replacements, , agent's fees, "voids" (where there's no income due to no tenant...absconding tenants with rent-arrears, costs to evict some.......
There is a mass-exodus from "landlording" only held in check by lack of purchasers.
Properties they'd rent, they don't want to buy.