LETTING GO
Buying to let is not as attractive as it used to be, if you are after a steady, inflation-linked income from an investment. Costs have multiplied and regulation has made it more difficult to evict bad tenants. It’s therefore vital that landlords find good, reliable tenants, which is easier said than done if you are inexperienced at vetting people. A way out is to use a letting agent, who will take on the responsibility of finding tenants and ensuring all legal requirements are complied with. However, the peace of mind this brings comes at a cost.
In our cover story on page 8, Roz Wrottesley, who writes from personal experience of the buy-to-let market, reports on the current state of the market, and delves into exactly what it is that letting agents offer, and what they charge for their services.
