Broker offers advice to buy-to-let landlords

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Landlords should not try and fix up their buy-to-let properties on the cheap by using second-hand furnishings, fixtures and fittings.

That is among several pieces of advice issued to buy-to-let landlords by the Money Centre this week.

According to the mortgage broker, cheaply-refurbished properties might cause problems for landlords by not meeting health and safety regulations.

The Money Centre also advised landlords against allowing inexperienced people to manage their properties, saying that good management could lead to better returns.

It urged: "Do think carefully before leaving the management of your property to relatives or friends. Buy-to-let properties need experienced management to maintain tenant occupancy and maximise returns."

Another tip offered by the broker was that landlords should maintain a professional relationship with their tenants.

Itadvised: "Give plenty of notice before you visit and make sure maintenance problems are addressed quickly. Tenants are an essential part of your business plan and the relationship needs to be managed in a professional way."

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