More and more people are purchasing rental properties helping satisfy the UK's increasing demand for rental property, but selecting the right mortgage product is only part of the puzzle. Choosing the right Buy to Let property will also have a dramatic impact on the performance and subsequent profitability of the Buy to Let investment.
By purchasing a property with good rental prospects you can reduce the time it takes to find a tenant and work towards achieving the goal of 100% occupancy. Every month that your property is not let is another month the property will not make a profit, by ensuring that the property you are bringing to the market to rent is desirable will help ensure that tenants are found promptly and the highest rents can be achieved. Desirability is measured in many ways, some tenants may want double bedrooms or be close to public transport links, other will have more obscure demands or desires. Either way gaining some advice from an ARLA registered letting agent can be key - they can offer advice and insight into the rental market helping you to make an informed choice on which property will be best as a rental.