Do I pay extra Stamp Duty on a buy-to-let property?

Yes — a 3% SDLT surcharge applies to second properties (including buy-to-let). This is in addition to the standard SDLT rates. Use the GOV.UK SDLT calculator to estimate your liability.

Should I buy in my own name or through a limited company?

This depends on your personal tax position, number of properties, and long-term plans. See Step 5 (Tax & Ownership Structure) for a full breakdown.

Do I need a licence to be a landlord?

Not always — but if your property is an HMO, or in a selective or additional licensing area, you will need a licence. Check with your local council.

What happens if I break the law as a landlord?

Penalties range from civil fines to criminal prosecution. The Renters' Rights Act introduces a new Private Rented Sector Database and Ombudsman with enforcement powers.

Are letting agents regulated?

Letting agents must be members of a government-approved redress scheme (Property Ombudsman or Property Redress Scheme) and must hold client money in a protected account.

What is the difference between consent to let and a buy-to-let mortgage?

Consent to let is temporary permission from your residential lender to rent out your home. A buy-to-let mortgage is a specific product designed for rental properties, usually with different rates and criteria.

Stage 1 of 8

Getting Started

Everything you need to know before you let your first property — legal obligations, financial decisions, and setting yourself up for success.

Estimated time2–3 hoursDifficultyMediumProgress0% complete

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Your Journey at a Glance

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Buying Your First Property

Understand Your Legal Obligations

Letting Agent vs Self-Management

Mortgage & Consent to Let

Landlord Insurance

Tax & Ownership Structure

Handbook Guide Template Gov.uk To do Done

What you'll achieve in this journey

Understand your legal obligations as a new landlord

Know whether to use a letting agent or self-manage

Understand landlord insurance requirements

Set up correct ownership and tax structure

Know your mortgage and consent-to-let position

170+

Laws & regulations

Affecting private landlords in England

£30k

Max fine

For operating without a licence where required

24hrs

Notice required

Minimum notice before entering a property

Deposit cap

Maximum deposit for annual rent under £50,000

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Buying Your First Property

Understand Your Legal Obligations

Letting Agent vs Self-Management

Mortgage & Consent to Let

Landlord Insurance

Tax & Ownership Structure

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Top Tip

Register with your local council's landlord licensing scheme before you advertise — many areas now require it and fines for non-registration can reach £30,000.

Getting Started — Stage 1 Interactive Journey Room