Deposit
The deposit is the portion of the purchase price not covered by the mortgage.
Deposit size affects:
- Mortgage amount
- Monthly mortgage payments
- Total cash invested
Legal and professional fees
Common professional fees include:
- Solicitor or conveyancing fees
- Survey or valuation fees
These costs are usually paid during the purchase process.
Refurbishment and setup costs
Some properties require repairs or improvements before they can be let.
Refurbishment costs increase upfront investment but may affect rental income or maintenance costs later.
Purchase taxes
Transaction taxes depend on:
- Property location
- Buyer type
- Whether the purchase is an additional property
These taxes are typically paid shortly after completion.
Total cash invested
Total cash invested usually includes:
- Deposit
- Purchase taxes
- Legal and professional fees
- Refurbishment costs
This figure is used when calculating ROI.
Using the calculator
The calculator includes upfront costs when calculating total cash invested and ROI, allowing you to see how one-off expenses affect returns.