4 things to know about a second property

Mortgage applications for buy-to-let properties increased substantially last year. A second property can be a really good investment, but you need to understand the expenses and pitfalls before you sign on the dotted line. Here are some things to keep in mind.

1 THE RENT ALMOST NEVER COVERS ALL THE EXPENSES

Those who want to buy a property to let are often under the impression the rental income will cover all the property’s expenses. This sounds like an excellent investment because while the property value