At Helen Breeze we find that potential landlords have many different reasons for looking at buy to let. From a general investment, to planning for retirement or building a solid foundation as a long-term property investor. Whatever the circumstances we will discuss the options with you very carefully to ensure you are making the right decision for you.
Here is our quick guide to the process:
Many Landlords considering their first buy-to-let often have a mortgage free property that they wish to earn an income from, or they have a strong personal income, which is very beneficial for obtaining buy-to-let mortgages. We will help you look carefully at how you wish to finance becoming a Landlord, from actually purchasing the property to the upkeep and management fees going forward and then any possible tax implications.
Obtaining a Buy-to-Let Mortgage
If you are considering buying a property to let and require mortgage advice, the best place to start is ARLA (Association of Residential Letting Agents). Once you know what price range you are interested in we are in the perfect position to help you find a good rental property in and around the Sevenoaks area.
Here at Helen Breeze we do offer a full or part management service so you can have as much or as little involvement as you wish. Safe in the knowledge that your property is being carefully looked after and rent collected on time.
Finding the Right Property
Once the number crunching is done we are there to find a suitable property. We’ll look at property yields and determine which homes will make the best investment for you based on your income projections. Sevenoaks and the surrounding areas are prime rental hotspots and certain homes are always in demand within the rental market. Looking at proximity to local amenities, schools and commuter stations will all help with lowering void times and achieving the highest possible income.
We will continue to look after your investment. Whether you are at home or abroad. Many Landlords decide to release capital and continue growing their portfolio for further investment opportunities and we can help with any strategic plans you have.
You must advise your insurer of your intentions to let your property. It is advisable to obtain insurance that covers you for accidental and malicious damage caused by the tenant. You should also insure minimum contents if you are leaving white goods, carpets and curtains.
If you already have a mortgage on the property you wish to let you must seek permission from your lender prior to letting. They may require extra clauses in the tenancy agreement and charges may apply which can be included in any projected costs.