Buying Property for Letting
It may be that you don't currently have an investment property, but are thinking of buying one to let. Whilst you would have had a particular set of criteria when you were buying the property you occupy, a different set of criteria has to be used for investment property.
Not least of these is that you may not actually like the property; its decor; or even its location, i.e. you would not choose it to live in. But none of this matters if it meets certain criteria:-
- It is sited in a 'letting' area
- It has letting potential
- After all necessary costs have been met it gives a good rate of return
- You establish whether you want an income from the rent, capital return, or both.
As we also have connections with financial institutions offering specialist Buy to Let mortgages, our offices are here to assist you with the purchase of your Buy to Let property.
So we can advise on the type of property to buy, and more especially, on the type of property not to buy. Finally, if you have children about to go to University, perhaps that is what is prompting you to consider Buy to Let. Instead of spending money on supporting their rent, why not venture into the Buy to Let market through purchasing a property in their name and guaranteeing the repayments, thereby also minimising any future Capital Gains Tax liability.
Extra Service
Schemes such as Buy to Let, and especially a purchase in the name of a child, need specialist professional help. Why not let us help you by finding Accountants or Solicitors through our extensive national network of local professional contacts. That way we can ensure you get the best from your property portfolio and of course, we can help you with any or all aspects of the actual letting.
A summary of our Services:
- Advice on letting your Property
- Advice and assistance with Statutory Regulations
- Marketing, advertising and Showing your Property
- Arranging an Inventory and Schedule of Condition
- Thorough Tenant Referencing via specialist agency
- Preparation of all Tenancy Agreements and Notices
- Checks at the beginning and end of each Tenancy
- Notifying utilities of change of occupancy and any meter readings
- Collection of Rent and pursuing any arrears
- Prompt payment of net rental income into your bank account
- Detailed monthly statements to yourself and your accountant
- Regular Property Inspections with written reports
- Arrangement of Maintenance and Repairs
- Advice on Insurances and handling any claims
- Arrangement of gardening and cleaning services
- Property 'sitting' during shorit term absences