I'm considering letting my first property in London; what's the typical breakdown of upfront costs for a new landlord, including things like insurance, letting agent fees, and mandatory safety checks, and how much cash reserve should I realistically budget for?
Quick Answer
Upfront costs for a new landlord in London can range from £2,000 to £10,000, covering agent fees, safety certificates, and insurance. Budget a cash reserve of 3-6 months' outgoings.
About This Topic
First-time London landlord? Understand typical upfront costs for letting agent fees, safety certificates, and insurance. Learn about crucial cash reserves.
This question is part of our Buying Your First Property category, providing expert guidance on UK property investment.
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