[camel with three humps]

" so in summary 10% will be applied to the interest rate charged by the bank.

Yes, that is what it is.

Are you aware of the VAT that will be charged to rental income (will it be the set 20%)???

Before latest changes the VAT applied on rentals was 10%. Not only the rent will be VATABLE. you will also have to pay VAT on Agents fee, cleaning etc.

The problem is that people do not do enough research, one has to not only look at the developer, planning papers, location, distance from the Airport motorway, the taxes, bank opening/closing cost. I can go on. Research is like a piece of string.