Buy To Let Newcomers
Published / Last Updated on 27/09/2008
Buy To Let Newcomers
The National Landlords Association (NLA) are warning buy-to-let virgins not to underestimate their responsibilities when it comes to letting out property. A spokesman from the NLA says, “Many customers are becoming landlords because they can’t sell their properties but this is not easy money. Things can come unstuck quickly if landlords haven’t sorted out deposit protection and ensured they are renting their properties for the correct amount”.
The Royal Institute of Chartered Surveyors (RICS) says it has seen a 47 per cent rise in instructions to let flats and a 39 per cent increase in instructions to let houses from the January to March through to April to June.
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