The money you make can come from two potential income streams 

1. Rent 
2. Capital growth of the property value going up 

The property market has ups and downs, so it is possible to lose money if the property value goes down, your outgoings exceed rental yield, or if the property is vacant for some time.  

There is much to consider in terms of the expense and everyday running costs of a property.  

Fees associated with property purchase:  

• Stamp duty  
• Valuation / Property survey  
• Legal costs  
• Mortgage arrangement fees (If you already have a property with a standard mortgage you will need to seek your Lender’s permission to rent it out)  
• Income tax is payable on your rental income, minus day to day running costs. There are specific rules for non-resident landlords. We have a dedicated section on this.   

It can be a good idea to chat with an accountant, if you have one, about the financial viability of becoming a landlord.  

It is essential to factor in the day to day running costs of a property into your calculations for rental yield.  

Here are some of the main costs:  

• Letting agent’s fees  
• Mortgage interest  
• Redecorating  
• Landlord’s insurance  
• Annual safety checks 
• Rent insurance 
• General building maintenance  

We offer landlords a comprehensive range of lettings and property management services, tailored to suit every landlord. This includes:  

• Landlord property acquisition   
• Property letting  
• Rental collection  
• Property Management   
• Bespoke Insurance Products