You are reading a single comment by @scotts and its replies.
Click here to read the full conversation.
-
Yes, so our costs are likely:-
Gas and elec safety certs (+ any work to bring up to current standards as there is some older wiring in places)
Remortgage with dedicated BTL lender with exorbitant product fee
~10% p/m to letting agent
Taxes
Maintenance
Void periods
Refurb after tenancies if required, hopefully not (or go after deposit if necessary)
scotts
I'm sure you know this, but just to flag that income tax is now payable on all rental income (i.e. not just anything beyond mortgage payment) which really does make this harder to achieve financially, but can be done I guess depending on circumstances....