HOW DO I RENT OUT A HOUSE & IS RENTING WORTH IT IN THE UK?
Alexandra Ventress
November 3rd, 2023
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Start your property portfolio today!
Deciding to rent your house can be a big decision that is not to be taken lightly. It involves a lot of background work, checks, rules and regulations. However, becoming a landlord can be a great way for people to get started in the world of property investment, as well as a way of earning extra income to help boost their pension pots or rainy day funds.
In this blog, we will be looking at how to start renting out your house, how easy is it to rent out a house, and how to work out weekly rent.
Becoming a landlord and renting out your house is not a decision to be taken on a whim. It involves a lot of hard work, background research, and long hours. However, it can be an incredibly rewarding job to undertake and can help you pave the way to financial freedom. In terms of renting out your property, how easy it will be depends on a multitude of factors. Your lender, property, the open market, and financial situation all play a part in determining how easy it is to rent your property.
If you are considering renting out a property, then you may be wondering ‘How do I rent out a house?’ It can be overwhelming getting to grips with renting out property, so we have compiled our helpful guide on how to rent out a property.
1. Choose your strategy
The first thing you need to do is decide how to rent out your property. You may want to offer it as a single property or as a House in Multiple Occupation (HMO). An HMO can bring you more money, however, the cost of converting can be more expensive and mean more responsibility.
You should also consider whether you want to be responsible for the property, or whether you want to hire a letting agent to take over some of the more day-to-day aspects of the rental property.
2. Speak to your lender
You will next need to speak to your lender if you are considering renting out your home. If you are only planning to rent out your property for 12 months or less, then your lender may give you consent to rent out your property on your existing mortgage.
However, if you are planning to rent out for the long term, then you may have to transfer to a Buy-To-Let mortgage. If you wish to find a new property then you could use our service, but we will recommend you purchase with Bridge finance or cash.
If your property is also a leasehold, then you will need permission from the freeholder in order to rent your home.
3. Get the right licensing
An aspect you may wish to look into is landlord licensing. They are implemented as a way to improve the standards of property management and are in operation throughout the UK. The three types of licensing are:
- Mandatory licensing – It is illegal in England and Wales to let an HMO without a licence
- Additional licensing – this also applies to HMO landlords. If the council feels as though the HMP is not being properly managed or the terms of the mandatory licence do not extend far enough then they may require an additional licence.
- Selective licensing – Depending on the council you may be asked to apply for this licence or take a ‘fit and proper person’ test.
You should always check with your council to see if they run a licensing scheme, although you will be required to pay a small annual fee.
4. Make sure your EPC is up to date
You should next look into arranging an energy performance certificate (EPC) inspection. EPCs are a critical part of a house sale and inform the tenant of how energy-efficient a property is by rating it on a scale from A (most efficient) to G (least efficient).
In order to be able to rent out your property you must secure a rating of at least E and you must renew your certificate every ten years.
5. Get your Gas Safety Certificate
Your next step should be to arrange for a Gas Safe-registered engineer who will conduct a gas safety check on your property. This should be done each year and you should correct any issues that are pointed out during the check. You should receive a Gas Safety Certificate which you should supply your tenants with a copy of.
6. Make sure you have an EICR
New electrical safety regulations require you to have an electrical inspection on your property every 5 years. You’ll receive an Electrical Installation Condition Report (EICR). You have 28 days to complete any remedial work detailed on the report. You should also have any electrical appliances in the property that you supply PAT tested.
7. Ensure fire safety
According to the Furniture and Furnishings Regulations Act 1988, any upholstered furniture that you supply must be fire-resistant. If you do not follow these fire and safety measures you can find yourself facing prison time or a fine.
As a landlord, it is your legal duty to provide fire detection equipment. As a rule of thumb, there should be at least one smoke alarm on each story of a property. On top of this, you must also install a carbon monoxide alarm in any room in which a solid fuel-burning appliance is located.
8. Calculate potential rent
You will next decide how much you want to rent your property out for. You will need to factor in the facilities of the property, the amenities nearby, property price, size, and location. If you set the price too low or too high, you may struggle to find a tenant.
9. Make sure you pay the right amount of tax
As a landlord, an aspect you will need to get familiar with is tax. Any rental income you receive is classed as taxable income. Income tax is then calculated on the profit you make, so you will need to deduct any expenses first. Mortgage interest payments also qualify for 20% tax relief.
The amount of income tax that you will be required to pay will depend on the tax band you are in, as well as your other sources of income and if the property is owned by you or a company. The first £1,000 you make in income from the property is tax-free. After this, any income will need to be declared in a self-assessment form.
You will also need to consider the implications involved for National Insurance. Landlords have to pay Class 2 National Insurance contributions if their profits are above £6,725 per year and if the following criteria applies:
- Being a landlord is their main job
- More than one property has been rented out
- New properties are being purchased by the landlord
10. Market your property
You should next start looking for tenants to rent out your property to. You can do this by advertising your property on property portals or through a trusted letting agent. If you decide to market your property without the help of an agent, you should be sure to have professional photographs taken, as well as ensuring you have a well written listing.
11. Get Right to Rent checks
Once you have a tenant, you will have to perform a right to rent check. This is a check that must be applied to prove the tenant legally lives in the UK and has the right to rent a residential property. If the check is not made, then landlords can face a significant fine as well as potential prison time.
12. Get Landlord insurance
You will also want to consider taking out landlord insurance. Whilst you do not legally have to take out specialist contents and building insurance for your rental properties, it is highly recommended that you do so.
13. Create lawful tenancy agreement
After you have found a tenant to let a property to, you will need to draw up a tenancy agreement. This is a written contract that sets out the obligations of both parties. If you have a private tenant then you will find that an assured shorthold tenancy is the default type of agreement for private tenants in England and Wales.
14. Put the tenant deposit within a tenancy deposit scheme
As a landlord, one of your legal obligations is to protect your tenancy deposit and to return it at the end of the tenancy, minus any necessary costs. If you have an agent, you can ask them to do this for you, but you cannot ask your tenant to do this for themselves.
15. Supply tenant with How to Rent guide
Finally, you will want to supply your tenant with a copy of the government’s ‘How To Rent Guide’. It is aimed at both tenants and landlords and must be supplied to tenants. Failure to do so will result in it being harder to take legal action in the event of your tenant failing to pay rent or damaging the property.
Before you rent out your property, you may wish to have a look at our rental checklist, where we cover the main points
- Gas, fire, electrical safety and furnishing requirements
- Energy Performance Certificate
- Vet your tenants
- Inventory of property
- Draw up a tenancy agreement
- Tenancy deposit
- Regular visits
- Income tax
Landlord responsibilities
As a landlord, you will have several responsibilities towards your tenants. You are required to:
- ensure that all gas and electrical equipment is safely installed and maintained
- keep all of your rental properties safe and free from health hazards
- use a government-approved scheme to protect your tenant’s deposit
- provide your tenants with an Electrical Performance Certificate for the property
- run a right to rent check on your tenant before they move in
You will also have further responsibilities surrounding fire safety as well as health and safety inspections. You are required to fit and test smoke and carbon monoxide alarms as well as follow fire safety regulations for the property.
Tenant health and safety
If you become a landlord, there are also health and safety hazards that you will need to be on the lookout for. The council has the Housing Health and Safety Rating System (HHRS) to ensure that houses in the area are free from hazards. If you own a property you are planning on renting out, then the council may decide to do an HHSRS inspection. This could be because:
- your tenants have requested an inspection
- the council has done a survey of local properties and suspects your property might be hazardous
There are 29 health and safety issues that inspectors will keep an eye out for. Your inspector will look through your property and rate and score each hazard they find, categorising it as either 1 or 2 depending on its severity.
If the council notices a severe council, then they can do either of the following:
- fix the hazard themselves and bill you for the cost
- stop you or anyone else from using part or all of the property
- issue an improvement notice
How do I rent out a room?
If renting out your property is not your speed, then you may want to consider renting out a room in your home. Under the government Rent A Room scheme, homeowners are able to earn up to £7,500 each year, tax-free by renting a furnished room in your property.
If this sounds like an avenue that you may wish to explore further, then below are some of the steps you will need to take in order to get the process started:
- Contact your insurance – It is critical to do this as it will affect your insurance premium. Failure to do will incur penalties, and fines, and will invalidate your policy.
- Advertise for a lodger – You should then advertise your room on websites like SpareRoom.co.uk and Gumtree.
- Vet – You will then need to vet any potential lodgers thoroughly. You should ask for references from previous landlords as well as verify their identity.
- Protect – You should then draw up an agreement that includes the rent amount, due date, notice period, let period and house rules.
If you are a first-time buyer, then you may struggle to rent out your property. This is because the majority of first-time buyers are on a residential mortgage, which means that they cannot use the property for financial gain. If you have to rent out the property because you will not be living there for a while, then it is vital that you alert your mortgage lender to the circumstances and get their approval before you rent out the property.
If you fail to alert your mortgage lender, then you will have breached your mortgage agreement, which can lead to dire legal and financial consequences.
However, if you own the property outright, then you are able to rent out your property as soon as you are ready to. You are also able to remortgage to a buy to let mortgage, however, the decision will be in the hands of the mortgage lenders.
There is no one-size-fits-all answer when it comes to the best type of house to rent out 2023. The best type of property in the UK to rent out will differ from person to person. If you are trying to appeal to families, then a three-bedroom property will more than likely be your best bet, but if you are trying to appeal to young professionals then a one-bedroom flat might be the way to go.
When deciding what property you may want to invest in, you should look at similar properties in the area that you are interested in, as well as who your ideal tenants will be. Each property appeals to a different tenant, so evaluate your property and decide which tenant would be best suited towards it.
One of the most important aspects of renting out your house is deciding how much you will charge your tenants for rental income. How much you will be able to charge will depend upon a variety of factors, such as:
- the size of your property
- your property location
- rental price of similar properties in the area
- average income of potential tenants
- whether the property will be furnished or unfurnished
If you are wondering how to work out weekly rent, you should consult with your letting agent who may be able to give you a more accurate figure for monthly and weekly rental payments.
As with any investment decision, deciding to become a landlord comes with pros and cons. Below we take a look at some of the pros and cons to help you decide if renting out a house is worth it:
Pros of renting out house
The extra income that comes with being a landlord is undoubtedly the biggest pro to getting involved in the buy-to-let industry. The rental income you receive each month from your tenants will go towards paying the monthly mortgage payments, and any extra you can use to bolster your pension fund or put towards maintenance costs.
If you own the property outright then your return on investment will be even better.
Becoming a landlord also brings with it flexibility. You make all the decisions regarding costs, contracts and terms. It is also your call as to when. where, and how you sell the asset when the time comes.
Another perk to taking the first step towards investing is that it provides you with long-term security. The monthly rental income you receive can be put into your pension fund or saved for an emergency. As an added bonus, in the tragic circumstances that your living situation changes, you will be able to live in the property yourself (as long as no contracts with tenants are broken).
Although all rental income you receive as a landlord is taxable and there’s no tax relief on mortgage interest, there are a number of deductible expenses that you can claim for.
Cons of renting out house
Household emergencies are an occurrence that every homeowner will have to deal with throughout their lives. From leaking pipes to broken boilers, these issues are bad enough when they crop up in your own home. But as a landlord, you will not only have to worry about your own house but also about the properties that you rent as well.
Unless you decide to hire a lettings agent, renting out your property means you will have to be over to arrange repairs.
Whilst tax was a perk, it is also a con. As a landlord, you will need to get familiar with the rules and regulations surrounding tax, as despite there being some tax breaks, you will need to pay tax on all of the rental income you receive.
Becoming a landlord is a long-term decision. If you are only thinking about the short term then it may not be for you. This is because you will need to pay off your buy to let mortgage before you can sell, and when it is time for you to sell it may take some time.
What to consider before you rent out your house?
There are also a few extra things that you may wish to consider before you commit to renting out your house. Some elements that may be worth considering are:
- You may wish to have the appliances in your property professionally cleaned before each new tenant moves in to help keep it in good condition and well-maintained
- You should consider making a few spare copies of the keys for windows, doors and meters in case of loss or damage from your tenant
- You may also wish to make photocopies of any instruction manuals you may have for electrical or white goods. You can include one set in the information pack for your tenant and keep a hold of some copies just in case.
- You should also keep in mind that there are rules and regulations surrounding how much you can increase rent by, so you should familiarise yourself with these before making any changes.
WHATS THE VERDICT?
Becoming a landlord can be a great opportunity for many people. It is a chance to gain financial freedom, to bolster your retirement fund, and if you decide you enjoy it you can even make a career out of it. But it can be difficult to know where to start.
That’s where we come in. Here at The Property Sourcing Company, we have the solution for modern-day investing. We take the hassle out of investment purchases, freeing up your time for things that really matter.
Led by a roster of industry experts, we have over 100 years of combined experience in bespoke BMV deals. We tailor our service to fit you, from sourcing the best off-market deals for your specifications to arranging and taking care of surveys and solicitors.
Want to find out more about how we can make property investment work for you? Get in touch today or fill in one of our online forms.
Start your property portfolio today!
Deciding to rent your house can be a big decision that is not to be taken lightly. It involves a lot of background work, checks, rules and regulations. However, becoming a landlord can be a great way for people to get started in the world of property investment, as well as a way of earning extra income to help boost their pension pots or rainy day funds.
In this blog, we will be looking at how to start renting out your house, how easy is it to rent out a house, and how to work out weekly rent.
Becoming a landlord and renting out your house is not a decision to be taken on a whim. It involves a lot of hard work, background research, and long hours. However, it can be an incredibly rewarding job to undertake and can help you pave the way to financial freedom. In terms of renting out your property, how easy it will be depends on a multitude of factors. Your lender, property, the open market, and financial situation all play a part in determining how easy it is to rent your property.
If you are considering renting out a property, then you may be wondering ‘How do I rent out a house?’ It can be overwhelming getting to grips with renting out property, so we have compiled our helpful guide on how to rent out a property.
1. Choose your strategy
The first thing you need to do is decide how to rent out your property. You may want to offer it as a single property or as a House in Multiple Occupation (HMO). An HMO can bring you more money, however, the cost of converting can be more expensive and mean more responsibility.
You should also consider whether you want to be responsible for the property, or whether you want to hire a letting agent to take over some of the more day-to-day aspects of the rental property.
2. Speak to your lender
You will next need to speak to your lender if you are considering renting out your home. If you are only planning to rent out your property for 12 months or less, then your lender may give you consent to rent out your property on your existing mortgage.
However, if you are planning to rent out for the long term, then you may have to transfer to a Buy-To-Let mortgage. If you wish to find a new property then you could use our service, but we will recommend you purchase with Bridge finance or cash.
If your property is also a leasehold, then you will need permission from the freeholder in order to rent your home.
3. Get the right licensing
An aspect you may wish to look into is landlord licensing. They are implemented as a way to improve the standards of property management and are in operation throughout the UK. The three types of licensing are:
- Mandatory licensing – It is illegal in England and Wales to let an HMO without a licence
- Additional licensing – this also applies to HMO landlords. If the council feels as though the HMP is not being properly managed or the terms of the mandatory licence do not extend far enough then they may require an additional licence.
- Selective licensing – Depending on the council you may be asked to apply for this licence or take a ‘fit and proper person’ test.
You should always check with your council to see if they run a licensing scheme, although you will be required to pay a small annual fee.
4. Make sure your EPC is up to date
You should next look into arranging an energy performance certificate (EPC) inspection. EPCs are a critical part of a house sale and inform the tenant of how energy-efficient a property is by rating it on a scale from A (most efficient) to G (least efficient).
In order to be able to rent out your property you must secure a rating of at least E and you must renew your certificate every ten years.
5. Get your Gas Safety Certificate
Your next step should be to arrange for a Gas Safe-registered engineer who will conduct a gas safety check on your property. This should be done each year and you should correct any issues that are pointed out during the check. You should receive a Gas Safety Certificate which you should supply your tenants with a copy of.
6. Make sure you have an EICR
New electrical safety regulations require you to have an electrical inspection on your property every 5 years. You’ll receive an Electrical Installation Condition Report (EICR). You have 28 days to complete any remedial work detailed on the report. You should also have any electrical appliances in the property that you supply PAT tested.
7. Ensure fire safety
According to the Furniture and Furnishings Regulations Act 1988, any upholstered furniture that you supply must be fire-resistant. If you do not follow these fire and safety measures you can find yourself facing prison time or a fine.
As a landlord, it is your legal duty to provide fire detection equipment. As a rule of thumb, there should be at least one smoke alarm on each story of a property. On top of this, you must also install a carbon monoxide alarm in any room in which a solid fuel-burning appliance is located.
8. Calculate potential rent
You will next decide how much you want to rent your property out for. You will need to factor in the facilities of the property, the amenities nearby, property price, size, and location. If you set the price too low or too high, you may struggle to find a tenant.
9. Make sure you pay the right amount of tax
As a landlord, an aspect you will need to get familiar with is tax. Any rental income you receive is classed as taxable income. Income tax is then calculated on the profit you make, so you will need to deduct any expenses first. Mortgage interest payments also qualify for 20% tax relief.
The amount of income tax that you will be required to pay will depend on the tax band you are in, as well as your other sources of income and if the property is owned by you or a company. The first £1,000 you make in income from the property is tax-free. After this, any income will need to be declared in a self-assessment form.
You will also need to consider the implications involved for National Insurance. Landlords have to pay Class 2 National Insurance contributions if their profits are above £6,725 per year and if the following criteria applies:
- Being a landlord is their main job
- More than one property has been rented out
- New properties are being purchased by the landlord
10. Market your property
You should next start looking for tenants to rent out your property to. You can do this by advertising your property on property portals or through a trusted letting agent. If you decide to market your property without the help of an agent, you should be sure to have professional photographs taken, as well as ensuring you have a well written listing.
11. Get Right to Rent checks
Once you have a tenant, you will have to perform a right to rent check. This is a check that must be applied to prove the tenant legally lives in the UK and has the right to rent a residential property. If the check is not made, then landlords can face a significant fine as well as potential prison time.
12. Get Landlord insurance
You will also want to consider taking out landlord insurance. Whilst you do not legally have to take out specialist contents and building insurance for your rental properties, it is highly recommended that you do so.
13. Create lawful tenancy agreement
After you have found a tenant to let a property to, you will need to draw up a tenancy agreement. This is a written contract that sets out the obligations of both parties. If you have a private tenant then you will find that an assured shorthold tenancy is the default type of agreement for private tenants in England and Wales.
14. Put the tenant deposit within a tenancy deposit scheme
As a landlord, one of your legal obligations is to protect your tenancy deposit and to return it at the end of the tenancy, minus any necessary costs. If you have an agent, you can ask them to do this for you, but you cannot ask your tenant to do this for themselves.
15. Supply tenant with How to Rent guide
Finally, you will want to supply your tenant with a copy of the government’s ‘How To Rent Guide’. It is aimed at both tenants and landlords and must be supplied to tenants. Failure to do so will result in it being harder to take legal action in the event of your tenant failing to pay rent or damaging the property.
Before you rent out your property, you may wish to have a look at our rental checklist, where we cover the main points
- Gas, fire, electrical safety and furnishing requirements
- Energy Performance Certificate
- Vet your tenants
- Inventory of property
- Draw up a tenancy agreement
- Tenancy deposit
- Regular visits
- Income tax
Landlord responsibilities
As a landlord, you will have several responsibilities towards your tenants. You are required to:
- ensure that all gas and electrical equipment is safely installed and maintained
- keep all of your rental properties safe and free from health hazards
- use a government-approved scheme to protect your tenant’s deposit
- provide your tenants with an Electrical Performance Certificate for the property
- run a right to rent check on your tenant before they move in
You will also have further responsibilities surrounding fire safety as well as health and safety inspections. You are required to fit and test smoke and carbon monoxide alarms as well as follow fire safety regulations for the property.
Tenant health and safety
If you become a landlord, there are also health and safety hazards that you will need to be on the lookout for. The council has the Housing Health and Safety Rating System (HHRS) to ensure that houses in the area are free from hazards. If you own a property you are planning on renting out, then the council may decide to do an HHSRS inspection. This could be because:
- your tenants have requested an inspection
- the council has done a survey of local properties and suspects your property might be hazardous
There are 29 health and safety issues that inspectors will keep an eye out for. Your inspector will look through your property and rate and score each hazard they find, categorising it as either 1 or 2 depending on its severity.
If the council notices a severe council, then they can do either of the following:
- fix the hazard themselves and bill you for the cost
- stop you or anyone else from using part or all of the property
- issue an improvement notice
How do I rent out a room?
If renting out your property is not your speed, then you may want to consider renting out a room in your home. Under the government Rent A Room scheme, homeowners are able to earn up to £7,500 each year, tax-free by renting a furnished room in your property.
If this sounds like an avenue that you may wish to explore further, then below are some of the steps you will need to take in order to get the process started:
- Contact your insurance – It is critical to do this as it will affect your insurance premium. Failure to do will incur penalties, and fines, and will invalidate your policy.
- Advertise for a lodger – You should then advertise your room on websites like SpareRoom.co.uk and Gumtree.
- Vet – You will then need to vet any potential lodgers thoroughly. You should ask for references from previous landlords as well as verify their identity.
- Protect – You should then draw up an agreement that includes the rent amount, due date, notice period, let period and house rules.
If you are a first-time buyer, then you may struggle to rent out your property. This is because the majority of first-time buyers are on a residential mortgage, which means that they cannot use the property for financial gain. If you have to rent out the property because you will not be living there for a while, then it is vital that you alert your mortgage lender to the circumstances and get their approval before you rent out the property.
If you fail to alert your mortgage lender, then you will have breached your mortgage agreement, which can lead to dire legal and financial consequences.
However, if you own the property outright, then you are able to rent out your property as soon as you are ready to. You are also able to remortgage to a buy to let mortgage, however, the decision will be in the hands of the mortgage lenders.
There is no one-size-fits-all answer when it comes to the best type of house to rent out 2023. The best type of property in the UK to rent out will differ from person to person. If you are trying to appeal to families, then a three-bedroom property will more than likely be your best bet, but if you are trying to appeal to young professionals then a one-bedroom flat might be the way to go.
When deciding what property you may want to invest in, you should look at similar properties in the area that you are interested in, as well as who your ideal tenants will be. Each property appeals to a different tenant, so evaluate your property and decide which tenant would be best suited towards it.
One of the most important aspects of renting out your house is deciding how much you will charge your tenants for rental income. How much you will be able to charge will depend upon a variety of factors, such as:
- the size of your property
- your property location
- rental price of similar properties in the area
- average income of potential tenants
- whether the property will be furnished or unfurnished
If you are wondering how to work out weekly rent, you should consult with your letting agent who may be able to give you a more accurate figure for monthly and weekly rental payments.
As with any investment decision, deciding to become a landlord comes with pros and cons. Below we take a look at some of the pros and cons to help you decide if renting out a house is worth it:
Pros of renting out house
The extra income that comes with being a landlord is undoubtedly the biggest pro to getting involved in the buy-to-let industry. The rental income you receive each month from your tenants will go towards paying the monthly mortgage payments, and any extra you can use to bolster your pension fund or put towards maintenance costs.
If you own the property outright then your return on investment will be even better.
Becoming a landlord also brings with it flexibility. You make all the decisions regarding costs, contracts and terms. It is also your call as to when. where, and how you sell the asset when the time comes.
Another perk to taking the first step towards investing is that it provides you with long-term security. The monthly rental income you receive can be put into your pension fund or saved for an emergency. As an added bonus, in the tragic circumstances that your living situation changes, you will be able to live in the property yourself (as long as no contracts with tenants are broken).
Although all rental income you receive as a landlord is taxable and there’s no tax relief on mortgage interest, there are a number of deductible expenses that you can claim for.
Cons of renting out house
Household emergencies are an occurrence that every homeowner will have to deal with throughout their lives. From leaking pipes to broken boilers, these issues are bad enough when they crop up in your own home. But as a landlord, you will not only have to worry about your own house but also about the properties that you rent as well.
Unless you decide to hire a lettings agent, renting out your property means you will have to be over to arrange repairs.
Whilst tax was a perk, it is also a con. As a landlord, you will need to get familiar with the rules and regulations surrounding tax, as despite there being some tax breaks, you will need to pay tax on all of the rental income you receive.
Becoming a landlord is a long-term decision. If you are only thinking about the short term then it may not be for you. This is because you will need to pay off your buy to let mortgage before you can sell, and when it is time for you to sell it may take some time.
What to consider before you rent out your house?
There are also a few extra things that you may wish to consider before you commit to renting out your house. Some elements that may be worth considering are:
- You may wish to have the appliances in your property professionally cleaned before each new tenant moves in to help keep it in good condition and well-maintained
- You should consider making a few spare copies of the keys for windows, doors and meters in case of loss or damage from your tenant
- You may also wish to make photocopies of any instruction manuals you may have for electrical or white goods. You can include one set in the information pack for your tenant and keep a hold of some copies just in case.
- You should also keep in mind that there are rules and regulations surrounding how much you can increase rent by, so you should familiarise yourself with these before making any changes.
WHATS THE VERDICT?
Becoming a landlord can be a great opportunity for many people. It is a chance to gain financial freedom, to bolster your retirement fund, and if you decide you enjoy it you can even make a career out of it. But it can be difficult to know where to start.
That’s where we come in. Here at The Property Sourcing Company, we have the solution for modern-day investing. We take the hassle out of investment purchases, freeing up your time for things that really matter.
Led by a roster of industry experts, we have over 100 years of combined experience in bespoke BMV deals. We tailor our service to fit you, from sourcing the best off-market deals for your specifications to arranging and taking care of surveys and solicitors.
Want to find out more about how we can make property investment work for you? Get in touch today or fill in one of our online forms.
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Here at The Property Sourcing Company, we are led by a roster of industry experts who have over 50 years of combined experience in doing BMV property deals, as well as packaging them up for investors.
Quality sits at the heart of our team, who go the extra mile to tailor our service to you. We pride ourselves in our ability to source you a wide variety of high-yield property investments.
Get in touch and we’ll establish what type of property you’re searching for, before talking you through our current investment opportunities. We’ll also keep you posted as we acquire new deals.
When you buy your investment property through us and we’ll take care of solicitors, surveys – everything – all to ensure you have a stress-free property purchase. It’s just one of the ways we make investment work for you.
Why invest with us?
Simply put, we’ll get you the best possible deal. Our sister company, The Property Buying Company, have been in the property buying industry for years & we have access to all their stock which is at a price point that is ready for investors to buy and make a great return on.
No middlemen, no stress & no hassle. We make investing in property and growing your portfolio as easy as it possibly can be.
