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Buy To Let Property Services Gloucester

Belvoir is an individually owned franchise with a skilled team made up of local people. We believe this ensures the best combination of knowledge and marketing effectiveness.

We know the local schools and facilities; we understand which areas are better to live in and we appreciate why some houses are more attractive to locals whilst others will attract newcomers to an area.

Buy To Let Tips

  • Research your investment location; know your market, your customers, and what planning/licensing is required if any
  • Use trusted professionals; mortgage lenders, brokers and conveyancing solicitors that you have experience of or who have been recommended. Please ask one of the team if you would like a recommendation
  • Do your own research and invest time in educating yourself about the rental market
  • Consider what funds you have and what borrowing you need
  • Test your investments against higher interest rates – how would this affect your yield?
  • Look at adding value to your investment in the form of improvements and decor
  • Ask for advice from Buy-to-Let experts to ensure you are fully informed and able to make the right buying decisions. We’re here to help if needed.

Buy-To-Let Advice

Buy-to-Let is not for everyone. Considering all the implications of taking on a Buy-to-Let property is essential. This type of investment should be considered as a long term investment and part of a diversified portfolio that is tax efficient for your individual circumstance. The property market is fluid and prices can go up and down, so don’t fall into the trap of assuming you’ll be able to sell the property to repay the mortgage. If you sell the property for a loss, which does not cover the mortgage, you would need to make up the difference.

A Buy-to-Let investment is substantially different from owning your own home. When you become a landlord you have legal responsibilities to both the tenant and mortgage lenders. When considering a Buy-to-Let mortgage you need to remember that if your property is unoccupied and there is no rent coming in, you will still need to keep up with monthly mortgage payments.

The best result for a Buy-to-Let landlord is your property achieving a healthy rental income followed by a potential capital windfall when you come to sell. However if poor buying decisions are made you could end up with an empty property costing you money. For those who like a challenge and are willing to do their homework, Buy-to-Let can be a great success.

 

Arrange a free market appraisal

If you’re a landlord, looking to let or you’re just interested in how much your property might be worth, the best way to get an accurate and detailed understanding is through a free one-to-one appraisal with one of our experienced local agents. Request an appraisal with us using the form below.

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