Not having an Inventory and Schedule of Condition, or having one which is not detailed enough, could cost a landlord thousands of pounds and make any deposit held pointless. Landlords who use DIY inventories often leave themselves exposed by not including everything they should...
Since earlier this year there has been new affordability tests which apply to buy to let mortgages. The new tests mean that landlords must be able to demonstrate rental incomes well in excess of their mortgage interest payments. This means landlords buying with a 25% deposit...