Property Investment - Qp3

10 Questions | Total Attempts: 516

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Property Investment - Qp3

Questions and Answers
  • 1. 
    In order to finance a buy-to-let property, you will need to obtain a mortgage that is specifically for a buy-to-let property.
    • A. 

      True

    • B. 

      False

  • 2. 
    With any property investment it is vital to have a contingency plan.
    • A. 

      True

    • B. 

      False

  • 3. 
    To set up a holiday property the location is key.
    • A. 

      True

    • B. 

      False

  • 4. 
    Commercial agreements are simple, but still need to be drawn up well in order to protect both sides of the agreement.
    • A. 

      True

    • B. 

      False

  • 5. 
    The main warning sign to look out for with HMOs is to be aware of the increased legislation and make sure each guideline is met.
    • A. 

      True

    • B. 

      False

  • 6. 
    Off-plan property is the most time-consuming way to be involved in property.
    • A. 

      True

    • B. 

      False

  • 7. 
    The main ways to generate money by buy-to-let are via rental income and by capital growth.
    • A. 

      True

    • B. 

      False

  • 8. 
    Warning signs that might indicate a property is not suitable as a buy-to-let include the _______ and the size of house.
    • A. 

      Neighbourhood

    • B. 

      Country

    • C. 

      Affordability

  • 9. 
    The main way to generate money by commercial property is to receive income by way of rent on a ______ or quarterly basis.
    • A. 

      Daily

    • B. 

      Monthly

    • C. 

      Six monthly

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