sold a BTL in September for a pretty good price. Money is invested elsewhere and am watching house prices vs rental incomes to see whether to jump in again – perhaps an overseas property which we can use as well.
not sure if anyone has mentioned it or not yet but if buying a flat watch out for management and maintenance charges which can eat into rental income quite substantially.
we found managing agents to be absolutely useless – waste of money. I’d recommend using an agent to find tenants but doing the research, checks and final rental agreement negotiation yourself. Managing the property is time consuming but to get a decent result and standard for both you and tenant I found it better to do this myself.