Buy-to-let is a very attractive investment option to many, but if you’re considering going down this road, it’s important to know that you will incur several costs that will impact your net return. Maintenance fees and letting agency charges need to be accounted for, while it’s quite likely that you’ll have a void period where the house is unoccupied, so nobody is paying you rent. It’s still an enticing option, but it’s worth knowing the costs involved so that you won’t naively overestimate your end return.
Our friends at All Finance Tax have provided an info-graph on the money you are likely to spend on your property should you go down the route of buy-to-let.
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