Being a landlord is not easy, especially with so much change in legislation, and, as a landlord, there are stiff penalties for non-compliance. However, we know precisely how to help our landlords abide by these changes. In addition, being ARLA regulated, our landlords are protected from significant issues such as money protection and much more!
We have a wealth of experience in getting results for our landlords and finding good quality professional tenants. Our in-house referencing service is highly detailed and thorough, thus ensuring tenants have been vetted to the highest standards possible. We assess tenants in much the same way an underwriter would assess a mortgage application. This ensures you get the best quality tenant.
We can offer a deposit replacement service that helps our landlords open up a bigger pool of professional tenants for your property.
It is vital you choose the best agent to not only market your property but to manage it correctly, thus ensuring your property creates wealth and not headaches.
Feel free to get in touch with us for more information.
Inventories
Click Here to see an example of the state of the art inventories we commission.
An inventory is a vital component on all properties let on an Assured Shorthold Tenancy Agreement (AST) as it protects the landlord against loss and damage. Without this document a tenant has more legal rights than you, even if they are in the wrong!
Feel free to Contact Us to discuss your inventory requirements in more detail.
BTL for Beginners
Being a landlord is never easy. With so much legislation it is a really complex investment but if managed correctly it can be very profitable based both on income and capital value.
We are highly experienced in this field. We deal with both larger portfolio landlords and the first-time landlord. We understand that if it is your first investment purchase you need more information in order to make informed choices and this is why the video we have made is simply perfect if you are new to this.
We hope it is useful and please do not hesitate to contact us for any further advise you require.
Managing the Property Yourself
If you plan to manage the property yourself, you should ensure you have the time to do so; depending on how rental properties you have will determine how much time is required. If you dedicate time to your tenants this will build trust. A tenant who has trust in their landlord is more likely to leave a property in good condition at the end of the tenancy.
Costs Involved
Before looking to purchase a buy to let investment, know the costs involved!
Stamp duty has an imposed 3% surcharge on buy to let properties in England, Wales and Northern Ireland. This surcharge is on top of the usual stamp duty rates. Use our Stamp Duty Calculator to work out your stamp duty cost: https://conranfinancial.co.uk/how-much-is-stamp-duty/.
Are you purchasing a leasehold property? You’ll be responsible for the service charge and ground rent costs. You cannot charge the tenant for these as of June 2019; the government imposed the tenant fee ban whereby landlords/agencies cannot charge for letting fees such as referencing costs, inventories etc.
A significant deposit is usually required for a mortgage on a buy to let property, compared to a standard mortgage that buyers can secure with a deposit of as little as 5% of the property price. The minimum deposit for a buy to let mortgage tends to be around 25%.
Let’s talk about getting your property portfolio on track
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