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BTL running costs

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Hi, I just want to check if I'm on the right track on how much it will cost me to run a buy-to-let. I’ve made a list below, does this look right/ is there anything I’ve missed out?

N.B. I googled these costs - do they look about right or have they now increased due to inflation?

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I think a contingency of 3 months rent is wise, but i suspect in the present market you wont face gaps that large. Lenders for example assume 1 month in 12 you will have a void period.

Have you factored in accountancy fee's? If you are doing this in a company then thats likely about £1000 a year, regardless of the number of properties. If personal then perhaps half that.

043_logo_final_03.png.0cdf828351f81e6097208048ac2d018d.pngStuart Phillips

Independent, Whole of Market Mortgage Broker & BTL Specialist

AALTO Mortgages Ltd

Web  www.aaltomortgages.com

Email  sales@aaltomortgages.com

Call  020 7183 1101

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