How to han­dle sale-and-lease­back mess?

Sunday Independent (Ireland) - Business & Appointments - - FRONT PAGE -

Char­tered ac­count with Friel Stafford Rev­enue. If you ex­er­cise the op­tion to pay by monthly in­stal­ments, the first in­stal­ment is due and payable on the Oc­to­ber 31 im­me­di­ately af­ter the val­u­a­tion date — and in­ter­est must be paid with each in­stal­ment. The cur­rent rate of Rev­enue in­ter­est is 8pc. Rev­enue does al­low longer pay­ment terms in ex­cep­tional cases but would be un­likely to of­fer you a longer term, as it is not go­ing to be your fam­ily home.

De­pend­ing on the ren­tal earn­ing ca­pac­ity of the house, the ren­tal in­come might be able to cover most of the monthly in­stal­ments to the Rev­enue. As the Rev­enue rate of in­ter­est is rel­a­tively high at 8pc, you would save money by bor­row­ing from a bank, par­tic­u­larly if you could ob­tain a top-up mort­gage on your ex­ist­ing home.

Prop­er­ties in places such as War­saw in Poland are be­com­ing pop­u­lar with Ir­ish buy­ers again

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