Buy To Let Explained
Aquisition and running costs of property
The cost of a Buy To Let investment is far more than just your monthly loan repayment. When doing your budget, you should include all your monthly costs, which you will have to meet on top of your monthly loan repayments. These costs might include:
• Life Insurance premiums
• Insurance premiums for buildings and household contents
• Rates, taxes, water and electricity
• Maintenance costs
• Refurbishment costs
• Advertising costs for tenants
• Letting agent costs