Buy-to-Let Advice

With interest rates remaining at an all-time low, a good selection of mortgages available and strong demand for rental properties, but-to-let can be an attractive proposition. Here is our expert advice on how to make buy-to-let work for you.

1. Research the market to ensure you buy the right type of property, that will appeal to the right type of tenant in the right market. Good tenants will often pay more for a well-presented property in a good area and will more likely look after the property.

2. Don’t get emotionally attached to the property. It should be viewed as a long-term investment.

3. Ensure that you comply with all the rules and regulations on letting out a property.

4. Once you’ve found a viable property, you need to get it ready for rent. Ensure that it is well presented – with a lick of fresh paint and clean carpets. A well-presented property often commands a higher rent, therefore increasing your yield.

5. Consider if you are going to use a management agency or handle the process yourself.