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Old 12.01.2020, 00:44
MotorsportsNorton MotorsportsNorton is offline
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Re: Buying house in UK to rent out

You can be lucky and get a good tenant, but they are getting rarer. The laws are now biased in favour of the tenants, and a one of purchase of a property to let out is a real gamble, a bad tenant can wreck the place and walk away, and it could cost you 2 years income to restore it to original condition and you are probably still paying a mortgage. As a professional landlord of over 35 years, now retired, I have seen a fair few buy a property with the hope of making a good income and end up with huge debts. Plus get the paperwork wrong and you could have a tenant living virtually rent free and you paying for continuous repairs because the tenant doesn't look after the property.
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