Beyond the mortgage, what are the hidden or easily overlooked costs that new landlords in the UK should budget for when renting out their first property?
Quick Answer
New UK landlords often overlook costs like Stamp Duty Land Tax, professional fees, ongoing maintenance, and potential Council Tax premiums. These expenses significantly impact cash flow and annual returns, requiring careful budgeting from the outset.
About This Topic
New UK landlords must budget for overlooked costs like the 5% SDLT surcharge, professional fees, maintenance, and potential Council Tax premiums, impacting cash flow from April 2025.
This question is part of our Financing & Mortgages category, providing expert guidance on UK property investment.
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