A future investment!
Buy-to-let is a British phrase referring to the purchase of a property specifically to let out. There are the prolific investors who make a living out of buy-to-let and there are those of us who invest in a single property as a future pension etc.
It’s important when purchasing a buy to let to take into consideration what type tenant you want to attract
When letting the property it’s important to…
In ensuring the correct rent for the property, as a high rental value will put off tenants and could well increase the amount of time your property is vacant.
This means you spending money, but there’ll be none coming in.
Of course, there is so much more to the process to becoming a buy to let landlord and would advise to contact our lettings department or see our lettings tab.
If you wish to make enquiries regarding your property, pick our brain on a particular issue or simply meet the team then please feel welcome to visit us for a pleasant and informal chat at our office in Southgate.
Making an Offer
• Let the agent know your position “mortgage ready” “no chain” “first time buyer”
• make a realistic offer, offering too low can make a seller feel you are not a serious buyer.
Offer Being Accepted
• Have your solicitor in place
• Arrange for a survey to be done as soon as possible as this is what usually delays the process
