Buy-to-let 'totally different experience'

Becoming a buy-to-let landlord is a completely different situation to purchasing a home to live in personally.

That is the opinion of Property Owners Directory, which has suggested that amateurs should carry out extensive research before entering the buy-to-let market.

Developing investment plans, arranging buy-to-let home insurance and liaising with tenants will all be new experiences that must be dealt with.

Andy Stern from the company explained that there are many benefits for those who are well-suited to the buy-to-let sector though.

He said: "Buy-to-let is a totally different experience of property ownership. You have to be capable of seeing a house or flat objectively in terms of its marketability.

"On the positive side, there can be some good mortgage offers on the market for buy-to-let: to get a good deal, do your research and shop around."

Legislation is another area for buy-to-let landlords to consider, especially if making investments in houses in multiple occupancy, which changed definition under the Housing Act 2004.

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