ARLA and CML publishes buy-to-let guide

The Association of Residential Letting Agents and the Commerical Mortgage Lenders have jointly published the second edition of its guide to buy-to-let.

The 224 page manual gives a complete overview of the buy-to-let market, properties, mortgage finance, legal obligations and insurance.

Its release has been deliberately set to coincide with a recent Which? investigation into unnecessary and overpriced methods of learning about buy-to-let, with some providers charging as much as £2,000 and £4,000 for a two or three day course.

The magazine concludes that all the information provided on the courses could be obtained free or at a fraction of the cost from other sources, such as the ARLA/CML guide, ARLA courses and website, or the Which? guide to letting and renting.

Adrian Turner, chief executive of ARLA, says: “This is the most comprehensive buy-to-let guide available and it brings everyone up to date with developments in this vital element of the private rental sector.

“ARLA is delighted that, in conjunction with the CML, it is able to make this guide available through its members to all concerned buy-to-let landlords, whether novice or experienced.”

The guide is available free from ARLA letting agents or can be obtained direct from ARLA in return for a book of first class stamps to cover post and packing. It is also available from the CML or from the ARLA panel of lenders, Birmingham Midshires, GMAC Residential Funding, NatWest Mortgage Services, Paragon Mortgages and The Mortgage Business.