Rental properties in the UK are in high demand, and in many areas around the country people are snapping them up as soon as they come onto the rental market. Therefore, one may think that being a landlord could be a good investment – after all, property investment is typically seen as a pretty safe bet when it comes to growing your money.
However, the Government has made being a landlord more difficult, and many landlords are actually selling off their properties – part of the reason why there is such a shortage of rental properties around now. Stamp duty surcharge and the reduction of mortgage interest relief are just some of the reasons why being a landlord has become less appealing. Not to mention some horror stories about landlords finding it stressful and difficult to evict tenants who are not paying rent.
If despite this you feel that you do want to invest in property and be a landlord, then it is advisable that you go through a professional letting’s agency in your area like this letting agents Bridgwater sykesmoore.co.uk/lettings/letting-agent when it comes to finding tenants. A professional will be able to do all of the checks that are required, as well as manage the property for you.
A lettings agent will also be aware of the different rules and regulations and will be able to help and advise you, which is very beneficial when you are a new landlord and also means that you can rest assured that your property is being managed correctly.
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