The buy-to-let arm of Nationwide Building Society has launched the guide to help prospective buy-to-let investors understand the market and offer tips to established landlords.

The lender said the rapid growth of the buy-to-let sector had increased the need for clear information for landlords. The 84-page booklet covers legal obligations, taxation, funding and managing a rental property, it also helps calculate rental returns and other costs.

TMW managing director Henry Jordan said: “It is important that our customers understand and meet their obligations as landlords, and it makes sense to share our expertise to enable them to do so more easily.

“The private rental sector has experienced significant growth over the last few years, so it is particularly important that potential landlords, considering buy to let for the first time, fully understand what’s involved and are realistic about expected returns.”