Buy to Let Properties
Letting Properties
“A friend recommended KLR to me and I used them on a number of occasions for family, property and probate matters. They helped me a great deal. Very professional and efficient at reasonable cost. Will definitely use them in the future.”
Whether you are an investor with an extensive property portfolio or are simply looking to purchase one or two rentals to provide some retirement income, our Conveyancing Solicitors will provide the legal advice you require. We can assist you with the sale and purchase of your buy to let investments as well as creating a company or trust to retain and manage the properties.
We hold a Conveyancing Quality Accreditation from the Law Society of England and Wales. Therefore, you can be confident that we have the expertise to deliver quality conveyancing advice, use a standardised process to recognise and reduce risk, and meet set expectations when providing conveyancing services.
Buying, managing, and selling buy to let properties comes with its own set of risks. We will build a long-term relationship with you to ensure you are kept up to date with changes in the law affecting landlords. Our team will also proactively manage challenges resulting from regulatory changes, thereby mitigating the risk of your portfolio’s profitability being compromised.
What should I look for when purchasing a buy to let?
Buy to let properties must return a decent yield (the rate of return you can expect to receive on your investment expressed as a percentage).
Therefore, there are many factors to consider when purchasing an investment property. You need to balance the potential rental income with the costs of owning and maintaining the house or flat. For example, buying a buy to let in the heart of a student town/city will mean you are likely never to struggle for tenants. However, those tenants may cause thousands of pounds in damage throughout the tenancy and because student houses tend to be less expensive, maintenance costs are higher. You may find it more profitable in the long term to rent to a stable family in a quiet area.
Can I get a mortgage to purchase a buy to let?
There are many buy to let mortgages available
Therefore, it is vital to shop around to ensure you get the best interest rate and terms. You will normally need a larger deposit for a buy to let purchase; most lenders ask for a minimum of 20% of the total purchase price.
HOW WE CAN HELP WITH BUY TO LET PROPERTY PURCHASE OR SALE?
Our Conveyancing Solicitors can provide friendly, responsive, practical advice regarding purchasing, selling, and managing your buy to let portfolio. As well as managing the conveyancing process related to the sale and purchase of buy to lets, we can also draft bespoke tenancy agreements.
We have served the community of South East London and North Kent for many years. Our Conveyancing law team has a deep understanding of the area and has built up strong relationships with local estate agents and mortgage brokers/financial advisors.
For a free consultation regarding Buy to Let,
please call us on 0208 300 6666 or fill in the form below
1 Hour Free Consultation
Sound legal advice is based on years of training, hard work, and passion, as well as familiarity with legislation and precedent and sound consideration. You’ll find all that and more at KLR Solicitors.
We are currently only taking on Family Law, Conveyancing, Immigration, Wills & Probate work.
If you are looking for Legal aid that can help meet the costs of legal advice, family mediation and representation in a court or tribunal, please go to this link first to check your eligibility on the Gov.uk website.
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Areas we cover: London, Kent, Bexleyheath, Chislehurst, Sidcup, Erith, Dartford, Enfield, Crayford, Bexley, Welling, Thamesmead, Woolwich, Abbeywood, Edmonton, Cheshunt, Tottenham and other areas.