Buy to Let Landords Guide
Buying an i
nvestment property can be one of the most profitable and secure methods of investing money. Not only could you receive a respectable income from the rent, the capital retained in your house can appreciate quickly.
There are numerous ways in which people find themselves thinking of becoming landlords. Whether for investment, through inheritance, due to marriage and a surplus property, buying to let can be an extremely sensible choice. For many, it can also be the start of an interesting and satisfying business. It may appear like a hobby or interest, but as a hopeful buy-to-let landlord, it is vitally important that you treat it as a business from the outset.
Becoming a buy to let landlord is no small step, and in order to do so successfully it is essential that you understand the market you are entering. This site contains a multitude of practical information to help you achieve success through your investment property. If you thoroughly research the different areas and take advantage of the many facilities it offers, you will find information, guidance and practical management tools for every aspect of owning buy to let property. We hope that this will give you the right degree of knowledge to let you proceed with confidence and security.
Here are some of the things you should consider before committing your capital.
Skills base
Can you DIY? Are you a good negotiator? Read more to see how your own skills can be useful when buying to let.
Market research
Always research your market as thoroughly as possible. This is the key to successful buy to let, and will govern whether you succeed or fail.
Tenants and Property
Right, you have the market information. Now to choose a property and find some tenants, but don’t rush in… read this first.
Letting agents
Do you need one? Who are the best ones? What does the procedure involve? This section answers all of your questions about getting a good letting agent.
Regulations and legal requirements
As a landlord, you may be required to meet certain property requirements. Is your property furnished or unfurnished? Do you have your certificates?
Financing
Got a deposit? Looking for the best mortgage deal and premium impartial information about buy to let mortgages? Look no further.
Costs, taxation, insurance
All of these need to be a part of your budget, and we can help with each of them. Buying an investment property has a number of ‘hidden’ costs – we’ve found them for you. As a buy to let landlord you are in a different taxation and insurance situation, click here to learn more.
Risks
Buy to let is not always plain sailing. If you learn the risks you will know how to spot the signs early, and if necessary avoid them. Learn about buy to let risks here.
Glossary and FAQs
Confused over any term or phrase? Our FAQs will guide you through common concerns, whilst our glossary should clear up any confusion over buy to let jargon.