What is a buy to let property?
A buy-to-let property is a property that is purchased with the intention of earning rental income, rather than for personal use. Buy-to-let properties are typically rented out to tenants, who pay monthly rent to the property owner. Buy-to-let investments can provide a regular income stream, as well as potential capital appreciation if the property value increases over time. Buy-to-let investment can be seen as a long-term investment, with the rental income and potential capital gains providing a return on investment over time. However, it is important to carefully consider the costs and risks involved in buy-to-let investment, such as maintenance costs, void periods, and changes in the housing market or local economic conditions.