A Smart Investment
A Prime Location with Potential
Jim and Sarah Johnston are a couple in their 30s, living in Manchester and working full-time, recently purchased a lodge at a well-established holiday park just outside St Andrews, Scotland. With a keen eye for opportunities, they were drawn to the park’s prime location, which attracts both golfers and visitors, offering significant rental potential.
Security and Strong Returns
The lodge came with a 50-year lease, ensuring long-term security, and had the potential to earn over £1,000 per month during peak times. With these prospects in mind, they saw the purchase as not just a holiday home but also a solid investment.
Flexible Financing for Immediate Results
The lodge itself was priced at £145,000. The couple, eager to make a sizeable contribution, used £45,000 from their savings as a deposit. To fund the remaining £100,000, they chose a secured loan with a 15-year repayment plan. This approach allowed them to keep monthly repayments manageable while ensuring they could generate a return on their investment immediately.
A Decision Worth Celebrating
The couple couldn’t be happier with their decision. The lodge has proven to be highly popular, delivering consistent returns while they enjoy the peace of mind that comes with owning a valuable asset in a sought-after location.
At a Glance:
– Lodge price: £145,000
– Deposit: £45,000 (from savings)
– Loan amount: £100,000 (secured loan over 15 years)
– Monthly repayments of £898
– Rental income: £1,600 per week during peak time
– Location benefits: Close to St Andrews, appealing to golfers and tourists
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Fantastic friendly service straight forward no messing around. Can’t thank you enough.
What our customers say
Fantastic friendly service straight forward no messing around. Can’t thank you enough.
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Further Info
LOANS – Rates from 3.65% variable. We also have a range of plans with rates up to 65.2% allowing us to help customers with a range of credit problems. Representative 8.6% APRC variable. Representative example: if you borrow £10,000 over 10 years at an Annual Interest Rate of 5.14% (variable) you would make 120 payments of £122.71 per month. The total amount repayable will be £14725.20 (This includes a lender fee of £495 and a broker fee of £1000 which have been added to the loan.) The overall cost for comparison is 8.6% APRC representative. Maximum APR 65.2%
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