Buy-to-Let & HMOs in Leicester

Note: Not all buy-to-let mortgages are regulated by the Financial Conduct Authority.

Financing Your Purchase

Before making a purchase, evaluate these critical considerations:

• Upfront costs: Account for deposits, legal fees, stamp duty, and survey costs.
• Borrowing capacity: Assess what you can afford to repay monthly with guidance from our advisors.
• Income verification: Supply payslips, tax certificates, or trading accounts if you’re self-employed.
• Rental income: Forecast expected rental earnings to determine affordability.

Understanding your finances thoroughly allows us to recommend the best Leicester mortgage tailored to your needs.

Managing Costs and Risks

Landlords should prepare for potential expenses, including:

• Insurance (buildings and contents)
• Maintenance, repairs, and void periods without rental income
• Rising interest rates affecting repayments

Rental income is taxable, and landlords are liable for stamp duty, capital gains tax, and possibly inheritance tax. For specialised advice, consult a qualified tax professional or visit gov.uk.

Choosing the Right Property

Once your budget is clear, begin your Leicester property search. Research the area carefully or partner with a reliable letting agent. Focus on tenant needs like access to transport, schools, shops, and parking. Prioritise properties in good condition to attract high-quality tenants and ensure long-term demand.

Managing Your Property

Decide whether to self-manage or hire a lettings professional. Our advisors can recommend trusted partners to simplify your journey. If managing yourself, be prepared for tasks such as tenant screening, rent collection, and property upkeep.

Get Expert Advice

For comprehensive buy-to-let mortgage advice in Leicester, rely on Akers Pritchett. Register your details for a callback, and let us help you make your property investment a success.