Buying an £800,000 property as a buy to let?

[bibbitybobbityyhat]

Asking for a well off relative.

Given that the limit on the rental income for such a property would be about £2000 pcm - is it doable? The wealthy friend can put down about £300,000 cash deposit and only wants to do this for 2 or 3 years, so interest only mortgage. They don't want to make any money out of it, just to own the house and move in later.

Needmoresleep, Camden – which includes Bloomsbury – are coming down very hard on rentals to three or more unrelated tenants and insisting on HMO licensing.
Also, re. students, after many years of renting out a property in Camden, the only tenants I've ever had a problem with was a group of UCL students who were a complete nightmare – my first and last experience of letting to students.