Buying or Selling Property Part 8: Buy-To-Let?
This is part 8 of our series on Buying Or Selling Property.
Should I Buy-To-Let in the current market?
Buying to let can be an excellent investment. The pandemic has opened up plenty of opportunities to prospective landlords.
Don’t rush in blind – choose the right property in the right area.
Go into the process with your eyes open. In particular, beware of the common pitfalls of failing to minimise your risk. You want to avoid having to fight a difficult, destructive or non-paying tenant.
Residential property occupiers enjoy strong protections against eviction even in normal times. These protections were even stronger for the duration of the lockdown.
You need to understand the impact of the Rental Housing Act on the landlord/tenant relationship. There are specific requirements around rental deposits and joint property inspections.
Ignorance of the law is no excuse and non-compliance could cost you dearly.
