A more personal and dedicated approachto the marketing of your home

Bennett Residential Buy to Let Guide

Whether you are a property investor with a large portfolio or maybe you are looking to start on the Buy-to-Let ladder, buying to let is a growth industry and long term, is a great investment.  Bennett Residential are your one stop shop for your Buy-to-Let needs. We have a very experienced team who understand the sales and letting markets inside out, so we can give you all the advice you need to make informed decision.

To make a success of your investment, here is our list of tips for a successful investment into Buy-to-Let.

Check your finances

If you need a mortgage for your Buy-to-Let purchase it will normally require a larger deposit, this will limit how much you can spend. We recommend Hamilton Knight Independent Financial Advisors they can find the right ‘buy-to-let’ mortgage for you on an impartial, no cost, no obligation basis. Call their experienced and friendly team now on 01895 832 275

Consider the work required

The more time and effort you put into your investment the better return you will get. However, will you really have time to renovate a wreck if you buy one?

Take your time, make sure it will work for you

What can you realistically afford? How much involvement do you want? How close to you want to live to the property? Which letting agent will find you the best tenant at the best rental?

What tenant market are you looking to appeal to?

Speak to agents in the area you are considering, ask them about the different types of tenants they have looking, compile a list of features your property needs to have to attract these sorts of tenants along with which letting agent has the right customer base to deliver.

Secure in the knowledge

Ensure your chosen Letting Agent is a licensed member of recognised professional bodies such as ARLA (Association of Residential Letting Agents), NAEA (National Association of Estate Agents), TDS (The Dispute Service) The Property Ombudsman and Office of Fair Trading and a 'SAFE' endorsed agent giving you peace of mind with 'client money protection'.

Review all sources

Work with estate agents who specialise in the buy-to-let market.

Make sure you have the right agent

Ensure your chosen agent has High Street prominence. They will attract more tenants, minimise empty periods and will ensure the best rental yield.

Visit as many properties as possible

The right investment property can sometimes be hard to find. Even some experienced landlords can visit up to 25 properties before finding the right one.

Keep it all under one roof

Using an agent that has an experienced sales and lettings team will be invaluable to you. Once your purchase goes through the lettings team can get to work letting the property for you, saving you valuable time and expense.

Make sure the figures stack up

Before you commit to purchasing a property make sure that you will be able to get sufficient rental income and afford the possible empty periods that may arise. There are other things to also consider such as insurances, ground rent and maintenance charges.

These helpful tips should help you make your investment venture into buy-to-let more successful. Bennett Residential have enormous experience in the rental market and with a portfolio of over 300 properties, we are arguably one of the best agents in the high street.