Landlord options

Landlord responsibilities

Moving full-time into Buy to Let

Moving full-time into Buy to Let

The information in this guide was last updated on 09/09/2014


If you get a taste for investment property, you may start thinking of Buy to Let as mean to generate your main income. A major life change like this needs careful thought and planning, but here are a few pointers to get you started.

  • Start in an area you know well. You’ll already have a feel for the good and bad streets and what’s likely to attract buyers locally.
  • Look for “recession-proof” areas that are enduringly popular rather than trying to get in on somewhere currently having a local mini-boom.
  • Set a realistic schedule for any work that needs doing on your investment property – decide whether each property is a short-term tidy up or a long-term renovation.
  • Budget carefully, and keep updating your figures as the project progresses.
  • Use professionals if you need to – a good project manager will have seen all your problems before.

Set realistic sale prices – a small, real profit now might be preferable to a large imaginary one in the future.

How might Buy to Let affect a property’s value?

It doesn’t need to: if you’ve been maintaining the property to a decent standard and have installed new appliances and fittings, the house should appeal to new buyers – even though it might have had multiple tenants.

How easy the property is to sell afterwards does depend slightly on the type of rental property you own, however. In many cases, your potential buyers may be homeowners rather than landlords. A spacious house or flat will appeal to families and young professionals respectively, whether it’s been rented out or lived in by the owner. But if your Buy to Let property has been providing student accommodation on campus, for instance, it may have limited appeal to non-landlords.

The value of your investment can go down as well as up so you may get back less than you originally invested.