Buy To Let Conveyancing Solicitors 

Buying a residential property for rental purposes, commonly known as a buy to let, has become an increasingly popular trend in recent years. For investors, this could be part of building a portfolio of properties to generate an incremental rental income and benefit from each property’s increasing market value on retirement. Equally, for existing homeowners looking to transfer part of their accumulated equity into a second property, this can provide a potential nest egg for the future on re-sale, with some additional income in the interim.

For most buy to let purchasers, the basic premise is to identify a desirable and affordable property, ideally in need of only minor improvements or modernisation, although it is not uncommon for complete renovations to be undertaken by purchasers for the right property, all of which will come down to profit margins and budget. The complexity of buying an investment property will also depend on whether the property can be purchased outright, factoring in the cost of any renovations, or whether a buy to let mortgage will be necessary.

When it comes to the legalities around buy to let properties, in addition to securing a specialist mortgage, plus the usual conveyancing process involved in the purchase of any residential property, there are also various strict rules and requirements when it comes to the rental process. These range from right to rent checks and entering into a tenancy agreement to meeting various statutory obligations as a landlord. From the point an offer is accepted on a property, right through to securing a suitable tenant, it is essential to have the right legal advice and representation, both as a purchaser and as a prospective landlord.

What we do for our clients

At Farnworth Rose Solicitors we are experts in helping buy to let purchasers secure their chosen property, whether this be their very first investment project or, alternatively, where they are adding to a portfolio of a number of other ‘buy to lets’ as a seasoned investor.

Our specialist team of buy to let  Conveyancers have decades of experience in helping clients buy property to rent out, including liaising with buy to let mortgage providers, undertaking the necessary conveyancing searches, pushing for exchange and completion within acceptable timescales and preparing novice landlords to rent out their newly acquired property. Equally, when buy to let owners are ready to sell any investment property, hopefully pocketing a tidy profit at this stage, we are also here to help with the sale process.

How we can help you

If you are looking to invest in a buy to let property, being able to secure expert advice both before and during this process is essential to making informed choices on how to proceed.

Our experienced buy to let Conveyancers s will be able to offer you advice and assistance on every legal aspect of the purchase process, taking the stress out of an otherwise complex project. They can also advise you on the different aspects of renting out property and what considerations will need to be factored in when it comes to being a responsible landlord.

How you can contact us

For expert advice and assistance on buying and selling property, call Farnworth Rose today on 01282 695 400 or complete the form below and we’ll be in touch.