Buy to Let
Investment property providing a regular income
Speak to our For Life team
If you wish to buy a property as an investment we will be happy to assist you.
Here is a brief guide to some of the things you should consider:-
Type of Property
You need to consider who will be leasing your property ie. students, professionals, families. This, in turn, will determine the type of property you buy and the considerations you need to make when looking at potential purchases.
You should research each area you are considering to determine what amenities are available. For instance, if you intend to lease to Students you would want to purchase property in a University area with good facilities within a reasonable distance. For families you would need to consider local schools, transport links, shopping and entertainment.
Condition of the Property
You should give due consideration to any remedial works that the property may require before rental. If these works are extensive this could limit the amount you are able to borrow from any lender.
It is recommended that you consult our property team, who will refer you to one of our strategic alliance contacts who can provide advice on how much rental you can expect to receive on a property.
Responsibilities of a Landlord
Once you register as a Landlord you assume certain responsibilities. This includes providing your Tenant with adequate and habitable accommodation, taking all reasonable health and safety measures and respecting your Tenant’s right to privacy. You may be required to apply for an HMO Licence when renting to Students or Professionals which then determines the requirements your property must meet to allow the Licence to be issued/approved. If you are not aware of these responsibilities and fail to comply then you could face legal action.
For further details please contact any member of our property team.