Hi
I wanted some advice when going for a buy to let investment. Tips, experiences anything would help.
I’m looking to buy a house, 3 bed in the E13 area sometime in January 2010. I will give 25% of a 250,000 house to get a (hopefully) low mortgage rate.
I do have some specific questions:
1. Is the investment unsuccessful if i am topping up the rental payments to cover the mortgage?
2. How do I go about getting tenants in, shall I use letting agents; and if so how much can they charge?
3. What shall I look for in a property, I understand newly furbished will have premium but what else apart from structural, previous secured loans on the property etc


MANY THANKS

Hi

I myself am looking to get on the buy to let ladder, from my research on other forums I've come across, estate agent Northwood seem to have a very decent guaranteed rent scheme. They are also a letting agent and I believe some of thier offices are sales agents offices. Hope they have some useful information for you.

All the best and good luck

Sid