Buying A New Build For Investment Purpose

[Ric.ror]

I have £30k in premium bonds but need to think about my pension (I'm 52 later this month)
Would it be financially wise to buy a new build for buy to let purposes, and what should I be looking at figure wise?
Many thanks for any help- as you can probably guess I don't have a clue

[Tilly2]

Which part of the country, Ric?

[Ric.ror]

West Yorkshire
Leeds or Bradford
If I move in and rent mine leeds but if I rent bradford will be ok

[Sycamore3House]

I think at the moment you can get a BTL mortgage for 25% deposit. If I had that money I would buy property and I am roughly the same age as yourself.
I would also buy new. No maintenance everything new good for a number of years. Choose a good location that may not necessarily suit your needs.

[black_cat51]

you can't buy a house for 30K (well probably not in leeds or bradford)

[Ric.ror]

No the 30k would be the deposit

[kjn2]

I am guessing that you will be taking out a top up mortgage for this house purchase.? Therefore remember that repayments will increase in the future and you should be in a position to be able to meet this, when it happens. There is also the insurance and other charges that will have to be paid. Nobody knows what is around the corner which makes it hard to give you advice. Don't be fooled into thinking buy to let is easy ,which seems to be the in thing at the moment, it has as many negatives as it has positives. As they say " The choice is yours ". Good luck.