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ASK203: How would you spend £500k in the North? PLUS: Should I pursue a serviced accommodation strategy in Manchester?

The Property Podcast

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Should You Be Investing in Service Accommodation?

Most mortgages will not allow you to rent properties out short term. They'll normally stipulate that it needs to be let as a long term tenancy. You need to be realistic about the rate you can achieve. And bear in mind the extra costs they are going to have, including somebody to manage it on your behalf. So whether you decide to go for a service accommodation or keep it simple and just by to let, you should be just fine.

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