Thinking of becoming a landlord? The Leicester rental market offers strong yields and consistent demand. Here's everything you need to know about letting your property.
Why Leicester for Buy-to-Let?
Leicester ticks the boxes for property investment:
- Affordable entry points — Properties from £100,000
- Strong rental demand — Two universities, growing professional sector
- Good yields — Often 5-7% in affordable areas
- Capital growth potential — Prices rising steadily
Legal Requirements
Before letting, ensure compliance with:
- Gas Safety Certificate — Annual requirement
- EICR — Electrical safety certificate (every 5 years)
- EPC — Minimum rating E required
- Right to Rent — Check tenant immigration status
- Deposit Protection — Government-approved scheme within 30 days
- How to Rent Guide — Must provide to tenants
Management Options
Let Only — We find tenants and set up tenancy. You manage ongoing relationship. Lowest fees, most hands-on.
Rent Collection — We find tenants and collect rent. You handle maintenance and issues. Middle ground option.
Fully Managed — We handle everything. Maintenance, inspections, tenant relations. Higher fees but true passive income.
Expected Costs
Budget for:
- Mortgage interest — Your biggest ongoing cost
- Insurance — Landlord-specific policy required
- Maintenance — Allow 10-15% of rent
- Void periods — Budget for gaps between tenants
- Agent fees — 8-15% depending on service level
- Safety certificates — Annual/periodic costs
Finding Good Tenants
Quality tenants are worth waiting for. We recommend comprehensive referencing, employment and income verification, previous landlord references, credit checks, and in-person viewings.
How Haus Estates Helps — Our property management services take the stress out of letting. From tenant finding to full management, we protect your investment while maximising returns. Book a free landlord consultation today.
