Investing in rental property demands tailored financial guidance. At Connect, we’re committed to providing a straightforward experience grounded in choice and professional expertise.
Whether you’re venturing into the buy-to-let market for the first time or are an established landlord, our advisers are here to offer personalised support and reliable advice.
Before diving into property investment, it’s important to assess all the initial costs involved. These may include:
Your deposit
Solicitor’s fees
Stamp duty
Property survey charges
It’s also essential to evaluate your borrowing capacity. Arrange a consultation with a Just Mortgages adviser to explore what monthly repayments you can realistically afford before beginning your property search.
When applying, we’ll need to verify your income. If you’re employed, recent payslips and your latest P60 are required. For self-employed individuals, we typically ask for three years’ worth of trading accounts.
Key questions to consider:
What rental income do you anticipate?
How much can you comfortably borrow based on your income and expenses?
What type of mortgage aligns with your current situation and long-term goals?
Our advisers will walk you through the available options and offer tailored mortgage recommendations suited to your needs.
Once you’ve established your budget, the next step is choosing a suitable property. Just Mortgages can connect you with colleagues from the Spicerhaart Group estate agency** to assist in your search.
Thoroughly research your chosen area, either independently or through a professional letting agent. Consider factors such as proximity to public transport, shops, schools, and parking.
Tenant needs vary—singles, couples, and families all have different priorities. Most renters are professionals, often relocating for work. Ensure proper referencing is completed for all prospective tenants. If working with an agent, clearly define your ideal tenant profile, but keep expectations flexible to avoid unnecessary delays in finding occupants.
Choose a property size and condition that suits local rental demand. A modern or well-kept home is typically more attractive and easier to maintain than one requiring significant refurbishment.
Once you’ve secured your property, you must decide how it will be managed. Connect lifetime Mortgages can refer you to a Lettings specialist who can guide you through the process and offer practical services to simplify your landlord responsibilities.
Your objective should be to cover costs while achieving a reasonable return. A Mortgage Adviser can help you understand how rental income and lending criteria interact, and ensure your financial planning aligns with market conditions.
If you plan to manage the property yourself, you’ll be responsible for:
We will come back to you quickly to let you know how we can help. If you would like to speak to us immediately, call us on 01708 676 111.
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