Newbie buy to let

moneysaver26

Hi I am thinking about buying a new build flat to rent it out.
I've looked at buy to let mortgages and need some advice.
The flat is a 2 bed priced at £103,000. We have a 35% deposit so we need a mortgage of roughly £67000. We wish to take this over 20 years and we will do it properly through the local council and tax office. Any advice or guidance would be much appreciat:)

G_M

we will do it properly through the local council and tax office

No idea what this means..

(edit: unless you are in Scotland....?)

Any advice or guidance would be much appreciat

Read:

New Landlords (information for new or prospective landlords)

Letting Agents (Tips for selecting, and tips for sacking them)

moneysaver26

Hi thanks for the link.
When I say I'll do it properly I mean by paying tax and becoming a landlord through the local council office. Yes I'm in Scotland

G_M

Yeah- the Scotland/council connection clicked with me.

Note my links are English law orientated though there is a lot of overlap.

moneysaver26

I'm now looking into a buy to let mortgage. The builder is offering a 5% deposit and I could top it up to around 30%. Is it best to use a mortgage advisor or go direct to the banks

Kennethkbryant

My name is Kenneth and I am new to this board this is my first post to this board and I want to make some interesting discussions for this . I hope that it would be really good for me to be on this board and I can enhance my knowledge. Thank you and regards.