Is this a good buy-to-let investment?

Finance costs

In addition to estimating the interest paid, there are other costs associated with arranging finance for a property purchase.

If the property is financed entirely from savings or using a mortgage such that no remortgage is expected then there are no further fiannce costs other than any initial arrangement fees and the ongoing interest payments

However if you anticipate remortgaging from one cheap rate to another every 2 years then there will be a significant cost associated with -

• Mortgage arrangement fees
• Survey fees
• Legal fees
• Deeds release fees / other fees asscoiated with repaying a mortgage

If these are anticpiated to be £4,000 every 2 years then this is another £2,000 that should be allowed for each year.