Dear All,
I am a soon to be graduate and earning an average graduate salary in London.
Since living in London (Canary Wharf) is expensive anyway (my maths estimates £8k, £5k of which will be on living), would it be possible for me, using a mortgage, to buy a flat with 3 or 4 rooms and rent this to other young professionals? What are the risks invovled?
Assuming this would work, after 3 or 4 years if I do choose to move to another country to buy a house somewhere else, what will the capital gain tax be? I assume that if I will be buying another house there will be none, but moving abroad may incur a CGT charge at 40%?
Thank you for your advice in advance,
CoffeeAddict
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