An Investor should:
Plan to be a Buy to Let Landlord over the medium to long-term as
it is an investment that produces a variable combination of rental
yield and capital appreciation.
Make an objective business decision when purchasing a property
based on research of the needs and requirements of the local
market, not, based on personal taste.
Be aware that the rental market is fast moving with fluctuating
supply and demand. This can influence achievable rental levels and
Take informed advice from both professional Letting Agents and
specialised financial advisers from the beginning.
A Lender should:
Conduct a thorough analysis of affordability and not lend more
than you can afford to repay.
Undertake a professional assessment of the security and the
reasonableness of the forecast rental income.
Provide clear information on Buy to Let products and services and
on your obligations as a borrower.
Explain what to do if you get into difficulties with mortgage
A Letting Agent should:
Demonstrate a comprehensive understanding of the legalities,
regulations and obligations, which apply to Landlords, Tenants and
Provide realistic and up to date guidance on supply and demand
based on a detailed local knowledge of the market.
Hold Professional Indemnity Insurance, separate Client Accounts
and a Client Money protection scheme and employ trained, qualified
Have access to a complaints process over the service standards of
letting agents and to procedures for resolving disputes over
deposits between Landlords and Tenants.