Alexander Hall Mortgages Buy-to-Let Buy-to-Let Mortgages
| DO | Ask the advice of a local letting agent on local rental market demands. |
| DO | Consider a buy-to-let property as a medium to long term investment. |
| DO | Furnish and decorate to a high standard. Good quality bathrooms and kitchens will attract the best tenants and help minimise void (un-tenanted) periods. |
| DO | Make sure your sums add up. Ensure that the rent will cover mortgage payments and other costs associated with being a landlord. |
| DON'T | Buy anything with intensive maintenance problems (for example, large gardens will add little to the rental value but will cost you a lot in time and money to maintain). |
| DON'T | Allow your own personal taste to influence your decisions. Ensure the property you choose matches the local market needs. |
| DON'T | Use off-the-shelf tenancy agreements and other legal paperwork. Ensure your paperwork suits your circumstances and always seek the advice of a professional. |
| DON'T | Forget to issue the right documents or carry out a proper inventory report before your tenant moves in. |
| DON'T | Use second hand furniture or old soft furnishings as these may not abide by the Furniture and Furnishing Regulations. |