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Using rental income to fund mortgages can be a profitable way of investing in property. As a commercial enterprise, buy-to-let offers real opportunities, provided the right property is chosen and the rental arrangements are set up and run properly. The Glanvilles team of Home Solicitors will assist you in the acquisition of your property and help you avoid any potential hazards in the rental process.
A buy-to-let property 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. However big or small the investment, it is important to understand the fabric of the building and its environment before committing to a purchase by answering these three questions:
Glanvilles work with purchasers to assess a property's potential in the context of their overall objectives. Through searches and an examination of title deeds and existing tenancy agreements, we will establish any risks associated with the property. Given there are no major concerns, we will then help with funding arrangements, advising you in your dealings with lenders and helping you make sure that lenders' requirements can be, and are, complied with.
When it comes to putting the right legal documents in place, the Glanvilles team works quickly and thoroughly to negotiate terms, formalise these and protect your interests. We'll draft tenancy agreements to give you the security and flexibility you need and advise you of your obligations as a landlord including health and safety, building regulations and multiple occupancy issues. We'll always be on hand when you need us to deal with any ongoing property management issues that may arise.
If you would like further advice about buying or selling a house, please do not hesitate to contact one of our offices in Chichester, Fareham, or Havant. Our approachable understanding and expert team would be very happy to help.