As house prices start to fall and rents rise across the UK, 2023 may look like a good year to get your foot on the investment property ladder. However, making that decision is far from straightforward.
While a buy-to-let investment strategy can provide you with a regular rental income, it also comes with additional costs and responsibilities.
Recent economic factors such as soaring mortgage rates and reduced tax relief could also negatively impact your profits as a landlord, so it’s essential to weigh up your options carefully.
In this article, we’ll discuss the pros and cons of investing in buy-to-let in 2023.