Buy to Let: A Beginner’s guide

by Administrator 6. November 2013 10:00


With the recent recovery signs in the housing market and low interest rates on mortgages, buy to let homes have become a popular option for house hunters again. A lot of property press has been dedicated to the resurgence of buy to let, and people are once again considering this type of home purchase as a long term or retirement investment option.

If you’re thinking about buying a new home and renting it out, but aren’t sure how to start, take a look at our beginner’s guide.

What is ‘Buy to Let’?

Buying a home to let means purchasing a new home, but instead of living in it, you act as a landlord and rent it out to another household. This allows you to use the home as an investment or income source instead of a residence for you and your family.


Before taking the plunge with a buy to let home, it’s important to review your existing finances and consider whether you can really afford this type of investment.

Talk to a qualified independent financial advisor for expert advice on buy to let before you make a decision. They can guide you through budgeting, fees, the different types of mortgage available, and –most importantly – they can arm you with all the information and advice you need to help you to decide whether it’s the right move for you.

Choosing a property

Before choosing a property, try to think about what kind of tenant you’d like to attract. Students tend to be attracted to smaller properties in university towns, like these apartments in Stirling, while growing families are likely to be looking for a longer term let in more spacious homes in family friendly-areas.

Once you’ve chosen the area you’d like to buy a home in, do some research on the rental market in that town. By choosing a type of home that’s in high demand and short supply, you will have more chance of ensuring your rental home is snapped up by eager tenants who will provide you with vital rental income.

Managing the property

A lot of busy house hunters may be put off by the work involved in being a landlord; while your tenant is the person looking after the property, maintenance and repairs are still your responsibility as a landlord.

By investing in a new Stewart Milne Home for buy to let purposes, your tenants will enjoy new appliances, central heating systems, and excellent build quality assured by a 10-year NHBC warranty, so you don’t have to worry about tenant complaints and late-night call outs.

Property management companies can provide a convenient service by managing your buy to let home and the tenants who live there. For a monthly fee or percentage of the monthly rental, they will take care of repairs, boiler checks, and other essential maintenance, taking some of the stress out of buy to let ownership.

The legal stuff

In many cities, if you’re renting out a home to multiple occupants, then you may need to apply for a Homes with Multiple Occupancy (HMO) licence. To find out if you will need to apply to your local council, check the website.  

Search for the perfect new buy to let home here:


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