Buy to let is an investment where you buy a property – usually with a mortgage – with the intention of letting it out to a third party. Over 80% of landlords cite investment as a key motivator in deciding to let property.
If you are looking to invest, considering a buy to let property could be very rewarding and is something we can help you get the most out of.
We have local professionals up and down the country that are on hand to discuss ways to make the most out of opportunities available in the buy to let sector. Our local lettings experts can help find a suitable investment that suits you and can support you through every stage of buying and managing your letting.
Find out more about our range of lettings services that can support your investment in a buy to let property.
Whether you choose to let your property with Your Move or not, we can still offer our professional expertise on a buy to let mortgage. Find out more on how we can help.
There are different reasons for investing in buy to let, whether it’s capital growth or rental income, Your Move can support you through the entire process. But here are some tips to think about first:
Are you wanting to buy to let for capital appreciation, or for the rental income? Decide which as this is key to where and what you buy. It is unlikely that you will achieve both unless you have a substantial deposit.
Look at the number of letting agents nearby as this will show you how buoyant the lettings market is. You could either do this yourself or talk to a letting agent to understand the demand for rented properties in your area.
Research the potential rental income and also look at how close the property is to shops, transport links, schools and any other amenities you think would be important to tenants.
By becoming a landlord you are essentially running a small business. This property is not going to be one that needs to reflect you and your tastes, so be practical.
Refurbishments can offer capital growth in the short term only if you have the expertise.
There will be numerous day to day maintenance and management costs you will need to factor in such as letting agent fees, landlords insurance, safety checks, rent insurance, general maintenance and more.
We can guide you through every step of the buy to let process. If you’re hands off and would like someone to manage the entire process, you're in safe hands. If you feel quite confident and just need some help along the way, we have services that we’re sure will get the best out of your investment. Or, if you are a letting veteran and just need a bit of support attracting tenants, we have our tenant find service to give you a boost with exposure. We’re here to help whatever your need.
We can support you with:
Searching for your buy to let property
Local expertise in the area’s letting market
Great knowledge of the location – shops, transport links, schools and many other amenities that are important to potential tenants
Professional advice on your investment, whether it be long term or short term
Expert knowledge on legal requirements and letting legislation