buy to let centre

  Investment summary Last remaining buy-to-let newly renovated flats are left in this superb investment near Liverpool City Centre. These flats have a RICS Valuation of £90,000 but can be bought by you for only £69,000 giving instant equity of £21,000. Income will be paid monthly from March 2012 with an assured 10% NET rental return for 3 years. Act now or miss out! Investment Description This is a fantastic buy-to-let opportunity which is selling out fast. The sister building sold out in only a few weeks. This apartment block has superior views to its sister building with some apartments having views of the Mersey and the Liverpool Docks. The flats were originally selling for in excess of £130,000 in early 2008 before the original developer was unable to complete the project. Renovations have now resumed under the guidance of a leading architect company and Liverpool City Council to complete the project to a very high standard. I just viewed the flats last week and they are coming along very well. The site manager stressed to me that the developer has very high standards and everything must be done the way it is supposed to and more!  Hence why the Liverpool Council want to work with him, and offer him buildings to develop. The developer has two current RICS valuations completed by Mason Owen and Atkinson Stroller respectively, valuing the units in the current market at £90,000. I have looked at comparables in the area and these RICS valuations are accurate, if not, slightly low. The exterior of the near finished apartment block looks lovely already and once they are completed you as an investor will be proud to own one of these flats. And it will be a delight for tenants to live there too. Your Returns During the first three years, you will receive £20,700 NET rental income with a 10% NET return per annum. This compares to other buy-to-let flats in the UK, where you would expect to get £7,200 over 3 years (based on a net profit of £200 pcm). Additionally, RICS valuations confirm that you will get instant equity of £21,000 on the very day you purchase as the flats have been valued at £90,000. Yields in the Northwest are running at  7% GROSS (source: January  issue of ‚Property Investor'), underscoring  just how high this return is for this investment. Plus these flats will be fully managed for you so there is nothing for you to do. One of my buyers is thrilled with her purchase, as this more than trebles the rate of return she is getting in the bank,  she also has in-built equity, and she will start receiving an income in March 2012 upon completion. The Development and the Flats I took a tour of the show flat and all the flats will be identical to the show flat. The photos are my photos. There is lots of light in all the rooms, even on a dark rainy day.  There are two double bedrooms and a single bedroom. The lounge is large with a big window providing excellent views. The kitchen is separate from the lounge, providing for more privacy and space for all the occupiers. And there is ample space for a kitchen table seating 4+, as you can see from the photograph. There is also a separate WC from the bathroom, which again is very practical. There are high quality electricals and appliances in the flat, and the decoration is clean and modern. The development: Refurbishment due for completion in March 2012 Each flat comes with a washing machine and refrigerator Internet access to all apartments Exterior and Interior renovation Each flat comes with a washing machine and refrigerator CCTV linked to all flats On site 24 hour security Key fob entry system EPC rating of C Local demand The development consists of 128 three bedroom flats newly refurbished to a high quality. The flats benefit from being in a private, landscaped, gated community which includes an on-site gymnasium, supermarket, management office, on-site security, CCTV and 128 parking spaces. Location of Flats These properties are only an 18 minute walk (I walked it myself on Friday) from Royal Liverpool Hospital and Liverpool University in the city centre. There is also a bus at the doorstep which runs every 5 minutes into Liverpool city centre (less than an 8 minute journey).   Liverpool Hope University is just down the road too. It is a family area that has already benefitted from a lot of regeneration. A new £150m local centre is planned for the area which will, improve retail, services and public areas, and will continue to upgrade the area. Demand for Flats These flats have  proved to be even more popular than the flats in the adjoining apartment block.   This development addresses the shortage of rental flats for residents of Liverpool. 15 tenants are going after every buy-to-let property in Liverpool and this is predicted to continue. Thus, it has never been a better time to be a landlord in Liverpool. Rental prices have risen by 20% in Liverpool in the last year. People who would normally be looking to buy cannot afford to do so in the current economic climate and are renting instead. As a result, demand for accommodation, particularly quality, affordable rental property near the city centre, continues to rise. Affordable properties in and around Liverpool city centre appeal to young, working Liverpudlians as well as students attending the local universities. Due to their location, these flats are very attractive for professionals, key workers and students. Buying Procedure  - Choose your preferred property - Pay £2,500 reservation deposit - Exchange Contracts 21 days after reservation deposit and pay £33,500 deposit - Pay balance of £33,000 by end of February 2012 - Receive income from March 2012 This is a cash purchase; there is no finance available. To secure one of these flats you will need to act today are only a couple of flats remaining, and we expect them to be sold in the next week.          

Investment summary Last remaining buy-to-let newly renovated flats are left in this superb investment near Liverpool City Centre. The three bedroom  flats have a RICS Valuation of £90,000 but can be bought by you for only £69,000 giving instant equity of £21,000. Income will be paid monthly from March 2012 with an assured 10% NET rental return for 3 years. Act now or miss out! HOWEVER, the three bedroom flats are now sold out. There are three 2 bedroom flats at £60,000 in the apartment block in Liverpool. Investment Description This is a fantastic buy-to-let opportunity which is selling out fast. The sister building sold out in only a few weeks. This apartment block has superior views to its sister building with some apartments having views of the Mersey and the Liverpool Docks. The flats were originally selling for in excess of £130,000 in early 2008 before the original developer was unable to complete the project. Renovations have now resumed under the guidance of a leading architect company and Liverpool City Council to complete the project to a very high standard. I just viewed the flats last week and they are coming along very well. The site manager stressed to me that the developer has very high standards and everything must be done the way it is supposed to and more!  Hence why the Liverpool Council want to work with him, and offer him buildings to develop. The developer has two current RICS valuations completed by Mason Owen and Atkinson Stroller respectively, valuing the units in the current market at £90,000 for the 3 bedrooms. I have looked at comparables in the area and these RICS valuations are accurate, if not, slightly low. The exterior of the near finished apartment block looks lovely already and once they are completed you as an investor will be proud to own one of these flats. And it will be a delight for tenants to live there too. Your Returns During the first three years, you will receive £18,000 NET NET rental income with a 10% NET return per annum. This compares to other buy-to-let flats in the UK, where you would expect to get £7,200 over 3 years (based on a net profit of £200 pcm). Additionally, RICS valuations confirm that you will get instant equity of £21,000 on the very day you purchase as the flats have been valued at £90,000. Yields in the Northwest are running at  7% GROSS (source: January  issue of ‚Property Investor'), underscoring  just how high this return is for this investment. Plus these flats will be fully managed for you so there is nothing for you to do. One of my buyers is thrilled with her purchase, as this more than trebles the rate of return she is getting in the bank,  she also has in-built equity, and she will start receiving an income in March 2012 upon completion. Another one of my buyers just purchased the last  3 bedroom flat and he is delighted to transfer his funds from his HSBC account where he is earning less than 2% interest and get 5 times the return at 10% NET. And he is thrilled that he will be getting the returns as soon as the purchase completes in a few weeks.   Why invest? Built-in equity 2 Bed Flats at only £60,000 Fully refurbished 10% NET yield assured for 3 years Close to Liverpool city centre Income paid monthly from March 2012 All flats sold on 250 year leaseholds Fully managed and maintained Experienced developer with track record Shortage of rental flats near city centre The Development and the Flats I took a tour of the show flat and all the flats will be identical to the show flat (apart from the show flats having one bed less). The photos here are my photos - not CGIs. There is lots of light in all the rooms, even on a dark rainy day.  There are two double bedrooms and a single bedroom. The lounge is large with a big window providing excellent views. The kitchen is separate from the lounge, providing for more privacy and space for all the occupiers. And there is ample space for a kitchen table seating 4+, as you can see from the photograph. There is also a separate WC from the bathroom, which again is very practical. There are high quality electricals and appliances in the flat, and the decoration is clean and modern. The development: Refurbishment due for completion in March 2012 Each flat comes with a washing machine and refrigerator Internet access to all apartments Exterior and Interior renovation Each flat comes with a washing machine and refrigerator CCTV linked to all flats On site 24 hour security Key fob entry system EPC rating of C Local demand The development consists of 128 three bedroom and three 2 bedroom flats newly refurbished to a high quality. The flats benefit from being in a private, landscaped, gated community which includes an on-site gymnasium, supermarket, management office, on-site security, CCTV and 128 parking spaces. Location of Flats These properties are only an 18 minute walk (I walked it myself on Friday) from Royal Liverpool Hospital and Liverpool University in the city centre. It is even closer to Liverpool Hope University. There is also a bus at the doorstep which runs every 5 minutes into Liverpool city centre (less than an 8 minute journey).   Liverpool Hope University is just down the road too. It is a family area that has already benefitted from a lot of regeneration. A new £150m local centre is planned for the area which will, improve retail, services and public areas, and will continue to upgrade the area. Demand for Flats These flats have  proved to be even more popular than the flats in the adjoining apartment block.   This development addresses the shortage of rental flats for residents of Liverpool. 15 tenants are going after every buy-to-let property in Liverpool and this is predicted to continue. Thus, it has never been a better time to be a landlord in Liverpool. Rental prices have risen by 20% in Liverpool in the last year. People who would normally be looking to buy cannot afford to do so in the current economic climate and are renting instead. As a result, demand for accommodation, particularly quality, affordable rental property near the city centre, continues to rise. Affordable properties in and around Liverpool city centre appeal to young, working Liverpudlians as well as students attending the local universities. Due to their location, these flats are very attractive for professionals, key workers and students. Buying Procedure  - Choose your preferred property - Pay £2,500 reservation deposit - Exchange Contracts and complete within 4 weeks and pay balance of £57,500 - 1st week in March. - Receive income from March 2012 This is a cash purchase; there is no finance available. To secure one of these flats you will need to act today are only three 2 bedroom flats remaining, and we expect them to be sold in the next week.

With it's riverside pubs, attractive marina and handy location just a short walk along the Thames to Canary Wharf, Limehouse has long been a favourite with city workers. It has a great blend of old wharf buildings and new build apartments and has all the amenties you could ask for, while retaining a tranquil calm that makes weekends here feel peaceful and relaxed. Commuting from Limehouse is easy in all directions. The DLR is a pleasant way to commute into the city, with trains every couple of minutes into both Bank and Tower Gateway. In the other direction, Canary Wharf is less than 10 minutes walk, or 2 minutes on the DLR. Shadwell is also walking distance away, bringing the new East London Line into play as well. It's easy to see then, why this location is popular with buy to let investors, as there will never be a shortage of demand from would-be tenants. This investment opportunity offers a 15% discount on a selection of 1, 2 and 3 bedroom apartments, giving instant equity of up to £90,000. Rental yields of up to 8% are achievable and your apartment can be secured with just a £500 reservation fee. Apartments in the building come with a range of balconies, terraces or roof terraces and have views overlooking Limehouse Cut canal, towards the Olympic stadium and of London's eye-catching skyscrapers.

PROPERTY FOR LET IN CITY CENTRE. Four bed property for let within walking distance to Edinburgh City Centre. This property is fully furnished and includes a dishwasher, washing machine and microwave, and fully fitted kitchen and bathroom with central heating. 2 double rooms and 2 single rooms with ample storage throughout. Suitable for students and young family. Photos and virtual tour taken at time of renovation.

Serviced apartment and short let opportunities A selection of modern and spacious 1/2 bedroom apartments within the centre of Egham, perfect for those needing good communication links to London, with the mainline railway station being within walking distance. For further details, please contact Gordon Hood by telephone on 01344 299399 or email gordon.hood@knightfrank.com

  Investment summary Student accommodation in Liverpool has been extremely popular recently with similar developments selling out in only a few weeks. Investors should move quickly to buy these superbly located student properties which are close to Lime Street station and the City centre with its excellent shopping and vibrant nightlife.   There are 62 en-suite student rooms available at only £48,000. With a NET yield of 10% in the first year and lettings from September 2012 contact us now so as not to miss out. Investment Description Knight Frank's 2011 Student Property Report confirms that UK's student accommodation market has emerged as a key asset class in the past decade. There are 54,000 students in Liverpool, and a shortage of quality student accommodation. Private operators now provide early 150,000 student bed spaces in the UK. Demand for student bed spaces exceeds supply and is expected to continue to do so. UCAS says that demand for academic courses is at an all-time high with nearly 700,000 university applications received in 2010. Whilst student applications rose by 34% in the five years to 2010 the number of available places increased by only 20%. Historically, rental growth in the London student market has outperformed the regions but this has now been reversed. Says Knight Frank's Neil Armstrong: "Rents in the regions have seen steady growth in the private sector and we predict this trend to continue." Completion of this development is due for end of August 2012 so that investors can receive income from 1st September 2012. Property description There are 62 en-suite student rooms fully furnished to include bed, blinds, wardrobe, workstation, internet connection and flat screen television. There are also communal kitchens and communal lounges with 42" flat-screen TVs on each floor. Additional facilities: on-site gymnasium computer/media service centre management office and laundry facilities The developer has an excellent track record in Liverpool and is trusted by Liverpool City Council to deliver accommodation that Liverpool needs. He has already delivered several student accommodations in Liverpool that are to a very high standard and students are happy with, but also investors are delighted with their investments and have gone on to buy additional units. I have looked at the completed developments as well as the ones being built with the developer, and was very impressed with them. The developer cares about what he develops renovating historic buildings and maintaining their original architectural features. Liverpool Council's involvement was evident as whilst I was in Liverpool, he received a phone call from Liverpool Council to confirm a meeting and chat about plans for this development. The developer has a sister company that manages the properties after they have been sold. This long term commitment reassures investors as the developer does not simply build the properties and walk away. The Area Where Student Accommodation Is This student accommodation is just off Duke Street and just around the corner from Hanover Street. Duke Street was  an industrial street with the odd residential merchants house amongst the warehouses. The merchant's houses were residential and industrial. It is emerging as one of the trendiest and most sought after streets to live in in Liverpool. This is not surprising with. This quarter is sought after by not only the students, but also  by the trend setting and affluent Liverpudlians. From new developments such as the East Village, which consists of smart cafes, restaurants, a courtyard with modern and smart brick flats with lovely balconies. The  Courtyard looks onto a restaurant and a courtyard with with paper mache sculptures of bears. Hanover Street is one of the most famous streets in Liverpool It is now the Home Quarter as it is adorned with trendy furniture, homeware, stylish shops -- slightly Scandinavian in style. And further down the street is BBC Merseyside and on the same side of the street the Epstein Theatre and the Abbey. Jamie Oliver has opened a restaurant there. And almost immediately to the right is Bold Street, famous for its shops, cafes and a favourite hang out for students. Not surprisingly the same developer is just opening up a student accommodation, and students were fighting over this. Right around from this student accommodation there are bars, restaurants, vinyl shops, vintage clothing shops, clothing shops, books shops and coffee shops.   Buying Procedure Choose your preferred property Pay £2,500 reservation deposit Exchange contracts in April 2012 and pay £30,500 deposit Pay balance of £15,000 by end of August 2012 Receive income from 1st September 2012 This is a cash purchase only.

Beautiful Two bedroom apartment with nice views, 15 min walk to Chelmsford station. Landing with loft storage Kitchen with oven & hob Lounge with dual aspect windows and Juliette balconies Modern white bathroom suite Easy access to Town centre/Railway Suit investors / professionals / commuters This modern and spacious TWO double bedroom top floor apartment built less than 5 YEARS AGO is offered as a great first purchase, or a buy to let opportunity. The property has a dual aspect corner position with Juliette balconies in the LOUNGE, modern FITTED KITCHEN with oven and hob, En-suite shower room to the master bedroom plus a good size family bathroom. Additional benefits include hallway with airing and storage cupboard, entry phone system, UPVC double glazing and allocated parking plus visitor parking. The property is currently tenanted, and the landlord receives rent payments of £750 a month, so a viable BUY TO LET possibility.

FIVE BED HMO FLAT IN PRIME CITY CENTRE LOCATION Newly developed 5 bedroom apartment available to let in prestigious location at foot of Stirling Castle. The spacious property is split over the top and attic floors of a traditional tenement building, and in addition to generously sized double bedrooms and ample storage throughout, boasts a living room, dining room, and fully fitted new kitchen and bathroom. The newly upgraded central heating system works from a grade 'A' boiler, exceeding current regulations for energy efficiency in the EU and UK. All appliances (dishwasher, washer/dryer) are intergrated and included. The bathroom offers a new power shower in addition to the bath. This property is located a few minutes walk from the wide selection of city centre entertainment and amenities including pubs, restaurants, clubs and the Thistle Marches shopping centre. The city itself with its many historical attractions and choice of activities makes this property ideal for families, students and professionals sharing alike.

3 BED HMO FLAT IN STIRLING TOWN CENTRE This recently developed 3 bedroom flat is available to let in the heart of Stirling city centre. The spacious property is located on the top floor of a traditional tenement building and in addition to generously sized double bedrooms the property boasts an open plan lounge/kitchen with feature fire place. All appliances (dishwasher, washer/dryer) are intergrated and included. The bathroom offers an electric shower in addition to the bath. This property is located a few minutes walk from Strling Train station with train links to both Glasgow & Edinburgh, along with being located close to the wide selection of city centre entertainment and amenities including pubs, restaurants, clubs and the Thistle Marches shopping centre. The city itself with its many historical attractions and choice of activities makes this property ideal for families, students and professionals sharing alike.

BUY TO LET.Located in the heart of Cardiff City Centre in the sought after Altolusso building. Situated on the 9th floor, Thomas & Rose are pleased to offer for sale this two bedroom apartment being sold as a buy to let investment. Lifestyle Activities City. http://www.arkadia.com/zpoc-t1011976/

Located in the heart of the town centre this apartment is ideal for first time buyers and buy to let investors alike. Lifestyle Activities Town. http://www.arkadia.com/zpoc-t1237598/

FABULOUS 5 BEDROOM HOUSE TO LET Refurbished & fully furnished home available to let with polished floorboards, new carpets, gas central heating, 5 GOOD SIZED BEDROOMS & rear courtyard. Fully fitted & furnished kitchen comprising fridge/freezer, washer/dryer, microwave & dishwasher. Bathroom fitted with power-shower over bath, heated towel rack. Bedrooms furnished with beds, wardrobes and desk/chair.Photos and virtual tour were taken at time of renovation. Suitable for students.

CENTURY 21 are pleased to offer this well presented 2 bed house to the market. The property is currently let at GPB 550pcm and would suit either a buy to let landlord or a private buyer who could end the tenancy. Modernised and upgraded to a high standard. Town centre location. Permit parking scheme.

****INVESTOR ALERT BUY TO LET OPPORTUNITY***** We are delighted to offer this well planned city centre one bedroom self contained apartment, situated close to a wide range of amenities. (contd...) Lifestyle Activities City. http://www.arkadia.com/zpoc-t943685/

A beautifully decorated, spacious and well lit modern terrace town house, in an upcoming area of Nottingham. Perfect for buy to let (young professionals) close to the river, city train station and centre and tram line extension. Free street parking and private front and rear garden.

Town-house with three good bedrooms in this convenient location close to Wycombe town centre, the University and local Hospital-ideal for a buy-to-let Lifestyle Activities Town Amenities and Services University. http://www.arkadia.com/zpoc-t1272786/

Ideal for First Time Buyer or for Buy to Let Investment. Allocated car parking space at rear of property. Located close to Burgess Hill Town Centre and mainline Railway Station (direct line to Brighton or London) both within short walking distance. Close to a public park and and other amenities.

*** £3000 Discount Off Home Report Value *** We bring to market this traditional one bedroom first floor flat in a popular location close to Kilsyth town centre. The property offers well-proportioned and affordable accommodation for the first time buyer or buy to let investor.Controlled security entrance system for residents.

Valuers Comment From my initial inspection I would suggest that this property ideally suits the investor either from a buy to let basis or to refurbish with a subsequent financial reward. The subject property is a short distance from the town centre and is commutable to both Nottingham and Derby. House-Homes For Sale 2 bed in Ilkeston Derbyshire United Kingdom find Ilkeston properties

Available to buy to let investors as the property is currently tenanted, a well presented ground floor flat only a short distance from the town centre situated in a riverside development protected from the risk of flooding by the town's proven flood defence barriers. Apartments-Flats For Sale 1 bed in BEWDLEY Worcestershire United Kingdom find BEWDLEY properties

We are pleased to offer for sale this period one bedroom cottage which is located very conveniently for Belper town centre and public transport. An ideal purchase for either a first time buyer or property investor looking for a low maintenance buy to let. Other For Sale in Belper Derbyshire United Kingdom find Belper properties

This is a traditional two bedroom ground floor flat in an excellent location close to Kilsyth town centre and all local amenities. The property has well-proportioned rooms throughout and presents a great opportunity for a first time buyer or buy-to-let investor.

RE/MAX Professionals are delighted to offer this renovated 2 bed Flat so please call Saraj Ulhaq tday on 01382 224-111 to arrange your viewing appointment Move-In Condition RE/MAX Professionals are pleased to bring to the market this move-in condition, freshly renovated 2 bedroom Flat situated in a very popular residential area of the city with easy access to most amenities. The property benefits from a newly fitted kitchen, laminate flooring throughout, gas heating and double glazing. Ideally suited for 1st time buyer or buy-to-let investor. It really must be viewed to be appreciated. Call Saraj Ulhaq on 01382 224-111. SITUATION This 2-bedroom flat is conveniently located for commuting to all parts of the city, situated at the 'door-step' are primary and secondary schools, Dundee College parks and bus routes connecting to most parts of Dundee. Early viewing is highly recommended. VIEWING Strictly by appointment through Saraj Ulhaq at RE/MAX Professionals on 07985 396 716 or 01382 224 111 OFFERS All offers should be submitted to the RE/MAX Professionals office. INTEREST It is important your solicitor notifies this office of your interest otherwise this property may be sold prior to your knowledge. OFFICE CONTACT We’re open when other agents are closed. Your RE/MAX agent is available evenings and weekends. THINKING OF SELLING? When it comes to selling your house RE/MAX are recognised as the property marketing experts who get results. For your FREE professional market valuation call Saraj Ulhaq today on 07985 396716 or 01382 224 111. NEED A MORTGAGE? RE/MAX Independent Mortgage Advisers will search 1000’s mortgage deals for you from 100’s lenders. As your local mortgage experts, we’ll give you unbiased advice without any obligation. Call today on 01382 224 111. LOOKING FOR A CAREER IN ESTATE AGENCY? We’re expanding and looking for ambitious business-minded salespeople who have achieved sales success in other professions to join our multi award-winning team. If you’d like more information about the RE/MAX opportunity please send an email to cjenkins@remax-scotland.com. NO ONE IN THE WORLD SELLS MORE PROPERTY THAN RE/MAX!

IDEAL 1st Time buy/Buy 2 Let. Trad first floor flat close to TOWN centre. MODERNISATION required with SPACIOUS accom of hall, lounge, galley kitchen, double bedroom and bathroom. Double glazing and com gardens to rear. Lifestyle Activities Town Property Characteristics 1st Floor Property Features Garden Double Glazing. http://www.arkadia.com/zpoc-t909692/

100% Occupancy - 10% Net Yield - £401.25 p.m. Income - Rent Assured in Year 1- City Centre Location - First Class Facilities - Proven Management Company - Tenants in Place - Funds held in ESCROW account The Ultimate Buy to Let Investment Massive Yields, No Voids, High Demand and a totally hands off investment! Why Student Property? Student accommodation is an asset class that rarely become available to individual investors with universities tending to purchase units before they are offered to market and landlords not needing to sell due to the high yields. Demand Where rental demand in the residential sector is prone to peaks and troughs, student number have continued to rise from 1.8 million in 1996-97 to approaching 2.4 million in 2009-10*. Substantially higher growth was achieved in university towns over the past academic year. Demand for university places rises during recessions and the proportion of students that are returning postgraduates has risen to 24%. The majority of key university towns showed 100% occupancy rate for the last academic year with private halls mainly targeting affluent domestic, overseas and mature students. Supply The four largest student accommodation operators have reported that even with substantial development in the sector the vast majority of students do not have the option of a privately operated room. Many university run halls are found to be outdated and lacking in necessary facilities. This creates demand for private accommodation but with development finance so hard to come by, this accommodation is nowhere near keeping up with demand. Student accommodation rents have increased by 5% p.a for the last 6 years with growth increasing right into the 2009/10 academic years. Compare this to commercial rents which have been falling overall during this period and you start to understand what makes this market so appealing. "Student Housing delivers income during uncertain economic times" Savills As student accommodation is commercial by class this has also seen an increase in values, this sectors robustness is highly attractive to a growing number of investors who want high capital growth that can be depended on for the long term. Why Invest in Liverpool? As revealed by the Knight Frank Student Report 2010, Liverpool has seen the highest growth in terms of higher education student accommodation along with Leeds and Bristol with 13% increase in rental growth seen between the 2008/9 and 2009/10 academic years. Latest figures released by UCAS show a 2.5% increase in applicants for university places from the UK for the 2011/12 academic year and a 7.9% increase in EU applicants and 5% for non-EU residents.