Increasing numbers of people are investing in property, using rental income to fund mortgages. As a commercial enterprise this offers real opportunities, provided the right property is chosen and the arrangement is set up and run properly. This is why we provide a team of expert buy to let solicitors.
When any property is considered for purchase, there must be a careful process of investigation into its suitability. That’s the same whether it’s vacant land, a commercial building, or a home. A buy-to-let property is a hybrid. It’s a residential property bought with commercial gain in mind. It can be a one-off purchase by an investor, or part of a large portfolio of homes owned and managed by an individual or property company.
In every case, it pays to understand the fabric of that building and its environment before committing to a purchase:
- How much is it worth?
- What challenges does it face in growing in value?
- Is it an attractive option for potential tenants in the area?
About our Buy to Let Solicitors
Our lawyers work with purchasers to assess properties’ potential in the context of their overall objectives. Through searches and an examination of title deeds and existing tenancy agreements they establish any risks associated with the property. They help with funding arrangements, advising clients in their dealings with lenders, making sure that lenders’ requirements can be, and are, complied with.
When it comes to putting the right legal documents in place, our team works quickly and thoroughly to negotiate terms, formalise these and protect clients’ interests. They draft tenancy agreements which give clients both the security and flexibility they need, advise landlords on their obligations including health and safety, building regulations, and issues to do with multiple occupancy. They’re also on hand to deal with any ongoing property management issues that arise.