Landlord costs

theguvnor

I'm thinking about purchasing a buy to let. I know it's not an easy and forgot about thing and there are plenty of things that could go wrong.

I'm trying to get a list together of costs, have this so far :

Mortgage
Insurance
gas safety certificate
Electrical safety inspection
Tax
EPC (if the house doesn't have one)
Contingency or money for maintanence of property
letting agent
Tenant voids ( looking to purchase a student rental so hopefully this is unlikely)

Are there any others? i'm probably missing something simple.

Any advice would be great to hear

Thanks

Snookie12cat

If you are doing a student rental you will likely need to meet hmo criteria and in some areas get a HMO licence. These do not come cheap through the council and normally require lots of adjustments to the property 

davilown

Have you read through the post at the top of this forum on Renting? https://forums.moneysavingexpert.com/discussion/5180214/tenancies-in-eng-wales-guides-for-landlords-and-tenants/p1

canaldumidi

Post 7: New landlords (1):advice & information :see links in next post

Post 8: New landlords (2): Essential links for further information

Post 9: Letting agents: how should a landlord select or sack?

The Complete Guide to Residential Letting 2015

Successful Property Letting 2017:

Once you've read all the above,come back with any questions.