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Buy-to-Let in Sunderland
Knowledgeable investors have known for some time that Buying-to-Let in Sunderland makes sound commercial sense due to great value properties and stable demand for good quality homes for hardworking families, delivering strong yields
But Buying-to-Let is not without its risks, especially for first-time investors or if they do not possess detailed knowledge of the local market - there are many pitfalls that can befall a Landlord and can ultimately lead to poor (and costly) investment decisions being made
With this in mind Belvoir Sunderland offers FREE, independent advice on all aspects of Buy-to-Let, from identifying & obtaining the right property to meet your investment needs to obtaining mortgage finance & landlord insurance, then ensuring the property is in the most 'lettable' condition to attract a Good Tenant
Buying a property to let is often a very different process to buying your own home. The choice of location is probably the most important factor, with the size, age and condition of the property following close behind
Making the right choice could be the difference between a straightforward, successful let, and a disappointing, frustrating and ultimately costly investment. With this in mind Belvoir Sunderland are able to provide a full service to Buy-to-Let investors (or those considering this), which will include Acquisition, Refurbishment, Finance, Letting and Property Management
Belvoir Sunderland offers all Buy-to-Let investors FREE, objective & impartial advice to ensure they find the right property for them – we’ll sit down with each Landlord to identify their investment goals and once established will advise on the target tenant market and the location & property type to appeal to those tenants. Finally we will advise on the target price to pay to ensure strong yields are achieved given the likely rental return
Once these parameters have been established, most investors conduct their own research, both locally & online using the major property portals such as Rightmove, Zoopla and information sites like nethouseprices. Belvoir Sunderland can advise at each step of the way and can offer free advice on the suitability of any shortlisted properties, giving an initial assessment on the likely appeal, ‘lettability’ and the expected rental return based on the online particulars provided
Crucially this advice is 100% independent, impartial and objective (unlike the 'advice' given by those looking to sell the property!) as we will only have our investors best interests in mind to ensure they buy the right property to meet their needs
Alternatively, we’d be happy to conduct the search on a Landlords behalf. By utilising our property search service you can be sure that the property is in the right location and will be bought at the right price. Given the considerable time we would invest in this process there would be a modest charge to cover our time however this service is completely FREE if we’re instructed to manage the property once let!
NEWS / SUNDERLAND PROPERTY BLOG
As an additional FREE service to our Landlords and potential investors we regularly post onto our website details of 'For Sale' properties that have come to our attention via the property portals. local agents or vendors contacting us direct
To be featured, each property will need to deliver a minimum of 6.0% Gross Yield (preferably +7.0%) and will need to be in an area that will attract Good Tenants
For each property we'll give a brief description of the property based on the sale particulars and will give a ballpark guide to the achievable rent and an indication of the likely Yield
Simply get in touch and give us your email address to be included on the weekly email update with links to all 'For Sale' investment properties posted, articles etc - you can email email@example.com with your details
Belvoir has an exclusive relationship with one of the UK’s leading Buy-to-Let mortgage brokers, which means Landlords can search for their next buy-to-let mortgage online or in person and helping them to find a mortgage to suit their individual requirements with full support from our specialised mortgage team. Click here to find out more!
It is a legal requirement for Landlords to have adequate Buildings Insurance in place & whilst it is possible to rent out a property with standard homeowners cover, we strongly advise Landlords not to do so and instead to obtain Landlords Buildings & Contents insurance and in addition to this consider ‘Rent & Legal’ protection incase of an unforeseen change in their tenants cirucumstances.
Belvoir have an exclusive relationship with one of the UK’s leading insurance providers, Endsleigh, to offer leading Landlords insurance products
PREPARING THE PROPERTY FOR LET
Often one of the best ways to instantly achieve capital growth is to purchase a property requiring some updating prior to letting. But getting the right local contractors to carry out this work can be a minefield.
Thankfully, Belvoir Sunderland have longstanding relationships with many trusted local contractors across all trades who will be able to undertake any work required to a good standard, on time and on budget. We can put Landlords in touch with the appropriate contractor to agree the scope of the works or can manage this process for you, if required.