Ten tips for buy-to-let: the 必須の advice for 所有物／資産／財産 投資家s

• Our buy-to-let guide explains the 必須のs of 所有物／資産／財産 投資
• 定期的に updated guide explains how to 査定する／（税金などを）課す 投資s and make a 利益（をあげる）
• Learn about the best 場所s to 投資する in 所有物／資産／財産, buy-to-let mortgages, 賃貸しの 産する／生じるs and what 税金 changes mean for landlords and 投資家s?

By Simon Lambert For Thisismoney Updated: 08:40 BST, 30 March 2023

Buy-to-let has lost some of its 誘発する as tougher new 支配するs, higher 税金s and now much higher mortgage 率s have eaten into returns, but 投資するing in 所有物／資産／財産 remains popular for Britons.

Many like the familiarity of bricks and 迫撃砲 and look at the 相当な house price 伸び（る）s seen over the past 25 years as a recipe for success.

But if you are going to 投資する in 所有物／資産／財産, you cannot rely on house prices 簡単に going up - and should remember buying when they are high 追加するs 危険 - instead 専門家s advise 投資するing for long-称する，呼ぶ／期間／用語 賃貸しの returns... and keeping your tenants happy.?

If you are tempted, read our 10 tips for buy-to-let guide here, which is 定期的に updated and has helped millions of landlords over more than a １０年間.

> Quick link : Check the best buy-to-let mortgage 率s you could 適用する for?

Buy-to-let has got much tougher 予定 to 税金 引き上げ（る）s, extra 支配するs and now rising mortgage 率s, but it still remains popular?

Why 投資する in buy-to-let?

A world of low 利益／興味 率s helped polish the attraction of buy-to-let. Returns on 貯金 were low and mortgages were cheap.

For many this even made up for the 3 per cent stamp 義務 割増し料金 on buy-to-lets and second homes that would eat a large 量 of your money, and the loss of 十分な mortgage 利益／興味 税金 救済 that made returns more muted than they once were .

Things have changed, however, and with the Bank of England 引き上げ（る）ing base 率 all the way from 0.1 per cent in December 2022 to 4.25 per cent in March 2023, buy-to-let mortgage 率s are much higher.

So, is it still 価値（がある） it? Many still think so, but they are more 用心深い than they once were, as our visit to the 国家の Landlord 投資 Show 明らかにする／漏らすd.

As an income 投資 for those with enough money to raise a big deposit buy-to-let often looks attractive, 特に compared to low 貯金 率s and 株式市場 swings.?

But mortgage 率s have climbed 大幅に from their 記録，記録的な／記録する lows, making it harder for buy-to-let 投資家s to get 取引，協定s to stack up.

一方／合間, 税金s are higher than they once were. 十分な mortgage 利益／興味 救済 has been 取って代わるd by a 20 per cent 税金 credit on mortgage costs and there is a 3 per cent stamp 義務 割増し料金 to 支払う／賃金 on 購入（する）s.?

Yet high 需要・要求する from tenants, rents that can rise with インフレーション, the lower 支払い（額）s on 利益／興味-only buy-to-let mortgages, and the 適切な時期 to 追加する value by sprucing 所有物／資産／財産s up, mean many 投資家s are still tempted.?

If you are planning on 投資するing, or just want to know more, we tell you the 10 必須の things to consider for a successful buy -to-let 投資 below.

Like any 投資, buy-to-let comes with no 保証（人）s, but for those who have more 約束 in bricks and 迫撃砲 than 在庫／株s and 株 below are This is Money's 最高の，を越す 10 tips.?

1. 研究 the market on buy-to-let

If you are new to buy-to-let, what do you know about the market? Do you know the 危険s, 同様に as the 利益s.?

Make sure buy-to-let is the 投資 you want. Your money might be able to 成し遂げる better どこかよそで.?

投資するing in buy-to-let means tying up 資本／首都 in a 所有物／資産／財産 that may 落ちる in value, 特に in times of 経済的な 不確定.?

This compares to the 可能性 of a 5 per cent 年次の return from an income-based 投資 基金, or 4 per cent on a? 直す／買収する，八百長をするd 率 貯金 account.

Remember that the return from an 投資 in 基金s, 株 or an 投資 信用 through an Isa will see you escape 税金 on income and get 資本／首都 growth 税金 解放する／自由な. You will also have the ability to sell up quickly if you want.

The flipside is that you cannot buy an unloved 投資 基金 and 始める，決める about renovating it and 追加するing value yourself.

投資するing in buy-to-let 伴う／関わるs committing tens of thousands of 続けざまに猛撃するs to a 所有物／資産／財産 and typically taking out a mortgage.?

When house prices rise, this means it is possible to make big てこ入れ／借入資本d 伸び（る）s above your mortgage 負債, but when they 落ちる your deposit gets 攻撃する，衝突する and the mortgage stays the same.

所有物／資産／財産 投資するing has paid off handsomely for many people, both ーに関して／ーの点でs of income and 資本／首都 伸び（る）s but it is 必須の that you go into it with your 注目する，もくろむs wide open, 認めるing the 可能性のある advantages and disadvantages.

If you know someone who has 投資するd in buy-to-let or let a 所有物／資産／財産 before, ask them about their experiences - warts and all.

The more knowledge you have and the more 研究 you do, the better the chance of your 投資 支払う／賃金ing off.

2. Choose a 約束ing area to 投資する in 所有物／資産／財産

約束ing does not mean most expensive or cheapest. 約束ing means a place where people would like to live and this can be for a variety of 推論する／理由s.?

Where in your town has a special 控訴，上告? If you are in a 通勤（学）者 belt, where has good 輸送（する）? Where are the good schools for young families? Where do the students want to live?

You need to match the 肉親，親類d of 所有物／資産／財産 you can afford and want to buy with 場所s that people who would want to live in those homes would choose.

These questions might sound 極端に simplistic, but they are probably the most important 面 of a successful buy-to-let 投資

In most 事例／患者s people tend to 投資する in 所有物／資産／財産 の近くに to where they live. On the 加える 味方する, they are likely to know this market better than anywhere else and can 位置／汚点／見つけ出す the 肉親，親類d of 所有物／資産／財産 and 場所 that will do 井戸／弁護士席. They also have a much better chance of keeping tabs on the 所有物／資産／財産.

Yet it is also 価値（がある） 耐えるing in mind that if you are a homeowner then you are already exposed to 所有物／資産／財産 where you live - and looking for a different type of home in a different area might be a good move.?

3. Do the maths on buy-to-let

Before you think about looking around 所有物／資産／財産s sit 負かす／撃墜する with a pen and paper and 令状 負かす／撃墜する the cost of houses you are looking at and the rent you are likely to get.?

BUY-TO-LET MORTGAGE CALCULATOR

Work out your 月毎の 支払い（額）s

Mortgage 量: £

利益／興味 率: %

Duration: years

Mortgage type: 利益／興味 only 返済

::: Calculate :::

月毎の 支払い（額）:

Buy-to-let 貸す人s typically want rent to cover 125 per cent of the mortgage 返済s - often now 150 per cent - and most now 需要・要求する 25 per cent deposits, or even larger, for 率s かなり above 居住の mortgage 取引，協定s.?

The best 率 buy-to-let mortgages also come with large 協定 料金s.??

Once you have the mortgage 率 and likely rent sorted then you must be 臨床の in deciding whether your 投資 work out?

Don't forget to factor in 維持／整備 costs.?

What will happen if the 所有物／資産／財産 sits empty for a month or two??

These are all things to consider. Make sure you know how much the mortgage 返済s will be and if it is a tracker 許す for 率s to rise.?

4. Shop around and get the best buy-to-let mortgage

Do not just walk into your bank and building society and ask for a mortgage. It sounds obvious, but people who do this when they need a 財政上の 製品 are one of the 推論する／理由s why banks make b illions in 利益（をあげる）.?

It 支払う／賃金s to speak to a good 独立した・無所属 仲買人 when looking for a buy-to-let mortgage. They can not only talk you through what 取引，協定s are 利用できる but they can also help you 重さを計る up which one is 権利 for you and whether to 直す／買収する，八百長をする or 跡をつける.

You should still do your own 研究 though, so that you can go into the conversation 武装した with the knowledge of what sort of mortgages you should be 申し込む／申し出d.?

This is Money's carefully chosen mortgage 仲買人 partner London & Country 申し込む／申し出s 料金-解放する／自由な advice, you can find out more and use our?comparison 道具 to find the best buy-to-let mortgage for you here.??

5. Think about your 的 tenant

Instead of imagining whether you would like to live in your 投資 所有物／資産／財産, put yourself in the shoes of your 的 tenant.?

Who are they and what do they want?If they are students, it needs to be 平易な to clean and comfortable but not luxurious.

If they are young professionals it should be modern and stylish but not overbearing.

If it is a fa mily they will have plenty of their own 所持品 and need a blank canvas.

Remember that 許すing tenants to make their 示す on a 所有物／資産／財産, such as by decorating, or 追加するing pictures, or you taking out unwanted furniture makes it feel more like home.

These tenants will stay for longer, which is 広大な／多数の／重要な news for a landlord.

It is also possible to take out an 保険 政策 against your tenant failing to 支払う／賃金 the rent, usually known as rent 保証（人） 保険. This can cost as little as £50, and is 利用できる as a standalone 製品 from a specialist provider, or as part of a wider landlord 保険 政策.?

6. Don't be greedy, go for 賃貸しの 産する／生じる and remember costs

We have all read the stories about buy-to-let millionaires and their 抱擁する 大臣の地位s.?

BUY-TO-LET YIELD CALCULATOR

This calculator shows the ren tal return on your 投資 所有物／資産／財産 as a 百分率 of its value

所有物／資産／財産 value: £

月毎の rent: £

::: Calculate :::

年次の rent:

産する／生じる:

But while you may?推定する／予想する long-称する，呼ぶ／期間／用語 house price rises, 専門家s say 投資する for income not short-称する，呼ぶ／期間／用語 資本／首都 growth.

To compare different 所有物／資産／財産's values use their 産する／生じる: that is 年次の rent received as a 百分率 of the 購入（する） price.?

For example, a 所有物／資産／財産 配達するing £10,000 価値（がある） of rent that costs £200,000 has a 5 per cent 産する／生じる.?

Rent should be the 重要な return for buy-to-let.?

Most buy-to-let mortgages are done on an 利益／興味-only basis, so the 量 borrowed will not be paid off over time.??

If you can get a 賃貸しの return 大幅に over the mortgage 支払い（額）s, then once you have built up a good 緊急 基金, you can start saving or 投資するing any extra cash.

Remember though, people rarely buy a home 完全な and they come with 維持費s, so mortgage costs, 維持／整備 and スパイ／執行官s 料金s must be worked out and they will eat into your return.

You may want to consider whether buy-to-let still （警官の）巡回区域，受持ち区域s an 投資 基金 or 信用 once these costs are taken into account.

Once mortgage, costs and 税金 are considered, you will want the rent to build up over time and then 潜在的に be able to use it as a deposit for その上の 投資s, or to 支払う／賃金 off the mortgage at the end of its 称する，呼ぶ／期間／用語.

This means you will have 利益d from the income from rent, paid off the mortgage and 持つ／拘留する the 所有物／資産／財産's 十分な 資本／首都 value.?

7. Look その上の afield or doing a 所有物／資産／財産 up

Most buy-to-let 投資家s look for 所有物／資産／財産s 近づく where they live.?But your town may not be the best 投資.?

The advantage of a 所有物／資産／財産 の近くに by is 存在 able to keep an 注目する，もくろむ on it, but if you will be 雇うing an スパイ／執行官 anyway they should do that for you.?

Cast your 逮捕する wider and look at towns with good 減刑する／通勤するing links, that are popular with families or have a sizeable university.

It is also 価値（がある） looking at 所有物／資産／財産s that need 改良 as a way of 上げるing the value of your 投資. Tired 所有物／資産／財産s or those in need of 革新 can be 交渉するd hard on to get at a better price and then spruced up to 追加する value.

This is one way that it is still possible to see a solid and swift return on your 資本／首都 投資するd. If you can 追加する some value to a home straight away then it gives you a greater 利ざや of safety on your 投資

However, remember to 確実にする that the price is low enough to cover refurbishment and some 利益（をあげる） and that you 許す for the 必然的な over-run on costs.

A good 支配する to follow is the 所有物／資産／財産 developers' rough 計算／見積り, whereby you want the final value of a refurbished 所有物／資産／財産 to be at least the 購入（する） price, 加える cost of work, 加える 20 per cent.?

8. Haggle over price when 投資するing in 所有物／資産／財産

As a buy-to-let 投資家 you have the same advantage as a first-time 買い手 when it comes to 交渉するing a 割引.

If you are not reliant on selling a 所有物／資産／財産 to buy another, then you are not part of a chain and 代表する いっそう少なく of a 危険 of a sale 落ちるing through.?

This can be a major 資産 when 交渉するing a 割引. Make low 申し込む／申し出s and do not get talked into overpaying.

It 支払う／賃金s to know your market when 交渉するing. For example, if the market is softer and homes are taking longer to sell you will be better able to 交渉する. It is also useful to find out why someone is selling and how long they have owned the 所有物／資産／財産.

An 存在するing landlord who has owned a 所有物／資産／財産 for a long time - and is cashing in their 資本／首都 伸び（る）s -may be more willing to 受託する a lower 申し込む／申し出 for a quick sale than a family that needs the best possible price ーするために afford a move.??

9. Know the 落し穴s of buy-to-let

Before you make any 投資 you should always 調査／捜査する the 消極的な 面s 同様に as the 肯定的な.?

House prices are on the up 権利 now but growth has slowed and they could 落ちる again. If 所有物／資産／財産 prices 下落する will you be able to continue 持つ／拘留するing your 投資??

一方／合間, 率s are low at the moment and that is encouraging people to 投資する with rent comfortable covering the mortgage, but what will you do when 率s rise?

Consider too the 基準 variable 率 you may move to after a 直す／買収する，八百長をするd 率 period. What will happen if you can't remortgage?

Even in popular areas 所有物／資産／財産s can sit empty. One 支配する of thumb many buy-to-let 投資家s 適用する is to factor in the 所有物／資産／財産 sitting empty for two months of the year - this gives a 相当な 衝撃を和らげるもの.?

Homes often need 修理ing and things can go wrong. If you do not have enough in the bank to cover a major 修理 to your 所有物／資産／財産, such as a new boiler, do not 投資する yet.?

10. Consider how 手渡すs-on a landlord you want to be

Buying a 所有物／資産／財産 is only the first step. Will you rent it out yourself or get an スパイ／執行官 to do so.?

スパイ／執行官s will 告発（する），告訴（する）／料金 you a 管理／経営 料金, but will を取り引きする any problems and have a good 網状組織 of plumbers, electricians and other 労働者s if things go wrong.?

You can make more money by renting the 所有物／資産／財産 out yourself but be 用意が出来ている to give up 週末s and evenings on viewings, advertising and 修理s.

If you choose an スパイ／執行官 you do not have to go for a High Street presence, many 独立した・無所属 スパイ／執行官s 申し込む／申し出 an excellent and personal service.

Select a shortlist of スパイ／執行官s big and small and ask them what they can 申し込む／申し出 you.

If you are considering going it alone look at where you will advertise your 所有物／資産／財産 and where you will get 文書s, such as tenancy 協定s from.?

It really 支払う／賃金s to look after your tenants. Do this and they will look after you.

The biggest drag on many buy-to-let landlord 's 投資 returns is the 無効の period. A time when you don't have anyone in the 所有物／資産／財産. Good tenants who want to stay help 避ける this - and if they move on they may even recommend your 所有物／資産／財産 to someone they know.

Keep up with 維持／整備, make sure your 所有物／資産／財産 is a nice place to live and try and build a good personal 関係 with your tenants.

This guide was first written in February 2006 and is 定期的に updated