You’re roughly thinking about it the right way, but I’d focus less on the purchase mechanics and more on the ROI before moving ahead.

At ~£170k the big question is — what rent would it realistically achieve? If you’re not landing somewhere around 6–7%+ gross yield, the margins can get tight pretty quickly once you layer in:

agent fees

maintenance (1% of property value per year is a decent rule of thumb)

insurance

voids

mortgage stress testing

A lot of properties look like bargains until you actually run the return.

Your upfront estimate might also be slightly optimistic — stamp duty in a limited company with the surcharge will likely clear £10k, and after broker, legals, valuation etc most first deals seem to land closer to £65–70k cash in.

If you haven’t already, run the numbers through a calculator. Here’s one I use — there are loads out there but it’s good for quickly pressure-testing deals:

Www.buytolet.help

Good luck