Information on the Pros and Cons to Buy To Let

Buy to let Mortgage Information

The Pros / Advantages of Buying A Property to Let

The current value of buy to let properties in the UK is some £39 Billion so it is already a proven investment opportunity.
Buy to let is a good long-term investment if property prices rise.
Buy to let mortgage products are available as fixed, variable and flexible rate options, so you can always find the product which suits you.

With anything in life there are also disadvantages to do something and that is also the case when entering the Buy To Let market. These include:-

Allow for periods when your property will be empty with no tenants. Therefore you must make sure that you will be able to pay your mortgage in these lean periods.
Be fully aware of the implications of buying a more run down property or cheap housing in a run down area. If buying such a property in poor repair then calculate realistically what repairs and renovations are required to get the property into good repair suitable for letting. If you decide not to renovate to good order then the type of tenants you will attract could prove troblesome. This is also the case when buying property in poor run down areas. Although the cost of the housing is cheap the quality of tenants that you will attract to live in these areas may also be troblesome. Not only that but rental income will be low and you may find that may be little appreciation on the house when you come to sell.
Allow for emergency expences and repairs that may arise at any time during the rental of your property such as a water leak, electrical fault etc.
If you take a short term view to this form of investment you may find yourself having to sell your property in one of the cyclical slumps. Longer term views in this market are considered to be a safer option.