Buy-to-let Advice

Top 10 Tips for Buy to Let Investment

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Making the decision to become a buy-to-let investor is an exciting but nerve-wracking one. Do you know everything you need to?
Are you fully prepared for all the possibilities?
Here are Rentguard’s ten tips to help you get started…

1. Is property investment right for you?

If you are a buy-to-let novice, it is important to do your homework so that your decision to invest in property is an educated one. Buy-to-let property can offer a good investment opportunity but it isn’t right for everyone. Prospective landlords should al...READ MORE

2. Do your sums

Before starting your investment property search in earnest, it is crucial to do the sums to ensure that you are fully aware of all of the financial implications of your purchase and understand exactly how much you can afford to pay for the property. Make s...READ MORE

3. Shop around for the best mortgage

The internet makes researching mortgage rates very easy, websites such as Money Supermarket, Compare the Market and Money Facts have already done the hard work for you so take full advantage of the information already out there. Speak to your existing bank...READ MORE

4. Location, location, location

Once you have decided to move forward with your investment purchase and have a budget in mind, the next step is to identify the right location.  It is important to look at a range of factors when choosing a location and not just focus on the price of prope...READ MORE

5. Understand yields

The rental yield is how landlords compare different investments – average yields vary across the UK but typically anything above 5% is reasonable in the South East/London whereas in many other areas, yields of 8%+ are common. To calculate your rental yield...READ MORE

6. Get value for money

When you are a buy-to-let investor, you are at least as attractive to a seller as a first-time buyer and therefore in a potentially strong negotiating position. Because you do not have to sell a property in order to buy this one, you are “chain-free” and t...READ MORE

7. Join a landlord association

If you are a new landlord, expert advice and specialist support can be invaluable.  Becoming a member of a landlord association, such as the Residential Landlord Association, is a great way to receive this advice and support.  Membership is also a great wa...READ MORE

8. Think about how proactive you’re going to be

Once you have purchased your investment property, you need to decide whether you are going to rent and manage it yourself or employ the services of a letting agent to do some or all of it for you.  Letting agents offer a range of services from simply adver...READ MORE

9. Protect your investment

Standard home insurance will not cover the increased risks involved in renting a property so you need to purchase landlord insurance from a supplier such as Rentguard. Rent Guarantee and Legal Expenses cover is also well worth considering as, for a minimal...READ MORE

10. Keep on top of your tax affairs

As a landlord, you'll have to declare your income and costs - whether you make a profit or not - and keep all records, invoices, receipts and statements for up to six years. You'll find that the taxman is actually quite generous in allowing you to offset a...READ MORE

Hot Topic

The new tax year is almost upon us and now would be an excellent time to organise your tax affairs and to plan for additio...READ MORE

Diary of a first-time Landlord

Tenancy up for renewal

26 April 2014

We’re coming to the end of our first year as landlords. The letting agent has sent us a routine, and carefully timed, letter asking if we wish to continue letting and whether they should make a formal offer to our current tenants. I feel we’ve been very fortunate in finding a family to live in Mum’s house, who appear to have...READ MORE

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Ask for a property costing less than £100,000 in the UK, and you are more likely to be laughed out of your ...READ MORE

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I found 25 people living in my 2 bedroom flat!

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