How To Calculate What Rent To Charge When Letting

How can I calculate what to charge for rent?

You don't really calculate what you can charge for rent: it's all down to what the market will actually bear. For that you need to do a lot of research about the type of property you're buying to let, and talk to estate agents and letting agents in the area. Then you would go to your mortgage company to tell them how much you're buying the property for and what the rental return is likely to be. There needs to be a difference of around 30% between the mortgage repayment and the rentable value. If the numbers don't stack up in that way, you will not be able to get the mortgage on the property in the first place. It's no good just charging loads of money for the rent, because if it's empty, you're not going to get any return on your investment and, more importantly, your mortgage won't get paid. So unless the numbers stack up in this way, you can't actually buy that property on a buy-to-let scheme anyway.