Published 20 Apr 2017

Looking to invest in buy-to-let?

Rising house prices combined with a shortage of housing make buy-to-let properties a compelling investment proposition, with private landlords now numbering over 1.2m in the UK and rising.

If you are considering investing in a buy-to let property, then it is important that you plan carefully and ensure you are aware of your landlord obligations. 

The first step is to seek advice as to what is the right property and ascertain the most advantageous area. Working hand in hand with our sales departments we can also help you make that all-important purchase.

We are able to offer such advice as we have a wealth of experience in the areas in which we operate and the types of property that maximise the letting potential. 

When you have purchased your ideal property, there are a number of legal requirements and recommendations to consider, such as; professional property inventories, energy performance certificates (EPC), gas certificates and whether a portable appliance test is warranted. (PAT)

Additionally as a landlord you have an obligation to your tenants to ensure that the property meets the required standards in both plumbing and electrics and they are approved by qualified tradesmen.

Tenant deposits must be placed in an approved protection scheme so if there is a dispute at the end of the tenancy the scheme will make the final resolution.

It is important to ensure that your chosen agent is regulated by a professional body.  

Depending on the agency and the level of service you require, fees will vary. There must be transparency in the fee structure and it is important to make sure there are no “hidden extras”!

At Gilbert & Cleveland we have a dedicated lettings team based in Chichester that are accredited members of the Ombudsman Scheme. Our firm offers a range of property management services tailored to meet your unique needs, whether it is full property management, rent collection or just an introductory scheme to market your property and find a suitable tenant. We aim to find the best solution for you at the lowest price. 

Our team can provide you with a free rent appraisal as well as advice on letting potential to ensure you can get the most out of your property. 

If you would like to find out more about buy-to-let properties or letting your own property then please call us on 01243 532626 or email us at lettings@gilbertandcleveland.co.uk

 

 

© Gilbert & Cleveland 2017

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