Buy To Let - CCC Financial

Northern Ireland - England - Wales - Scotland

Buy-to-Let Mortgage

These additional costs include: Property upkeep - maintenance costs for the property. Letting agent's fees - letting agents charge around 10% of the monthly rent for finding and vetting tenants with an additional cost of around 5% if you require a full management service. Ground rent / service charges - applicable to leasehold properties. Legal insurance - to cover costs from evicting tenants in the event of non-payment, very important, as this can be very expensive. Insurance - building insurance and contents insurance for the items provided as part of the rental agreement. Furnishings - the purchase of any furniture. If the property is to be let furnished, make sure you are covered for this by your home insurance. Gas / electrical appliances - cost of maintaining appliances and ensuring they comply with any regulations such as safety tests. Decorating costs - the property may require work ranging from painting, to a new bathroom suite before it is suitable for letting to tenants.

Buy to Let Mortgage