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Buy to Let - "Dos and Don'ts"
      DO – Make the purchase only in your own name or through an Onshore company to give you full protection against capital gains liabilities, resale problems etc … See Offshore Property Relocation page

      DO - Visit the area and research the local rental market to get a feeling for demand and the likely rental values.

      DO – Ensure you purchase in the best location, convenient for the local facilities.

      DO - Using a Property Search Specialist to make sure you get the best selection of property from which to make a decision.

      DO - Consider a buy to let property as a medium to long-term investment.

      DO - Either buy new or re-furbish and decorate to a high standard. Good quality bathrooms and kitchens will attract the best tenants and help you to let quickly every time.

      DO – Make sure you do a full inventory of house contents.

      DO - Make sure your sums add up. Try to ensure that the rent will cover mortgage payments and other costs, even if you have periods without tenants.

      DO - Employ a professional management team and get the contract checked by your lawyer.

      DO - Market your property using an online rental agency.

      DON'T - Buy anything with intensive maintenance problems. Large gardens use a lot of water, add little to the rental value and will cost you a lot to maintain.

      DON'T - Allow your personal taste to over influence your purchasing decision and ensure the property you choose matches the requirements of rental clients.

      DON'T - Forget to maintain the correct local 'all risks' insurance.

      DON’T – Forget to allow an annual budget for repairs, re decoration and other maintenance work.

      DON'T - Leave the running of your property to chance when you are away. Tenants will need a proper management service.

      DON'T - Use second hand furniture or old soft furnishings.

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Your home is at risk if you do not keep up repayments on a mortgage secured on it. All loans are subject to status. Written quotations are available directly from the lender on request.

  
Choose the best location

"Do ensure you purchase in the best location"






High Standard

"Good quality kitchens and bathrooms will attract the best tenants"







Decorate to ahigh standard

"DO decorate to a high standard"
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