Buy-to-Let

If you’re considering purchasing a buy to let property for the first time, you’ll need to be aware of some specific issues; these include buy to let mortgages, local authority licensing schemes, landlord insurance, tenancy agreements and how to deal with any landlord-tenant disputes.

Regardless of whether you are considering becoming a buy to let landlord for the first time or you are simply expanding your existing portfolio, you’ll need to consider a number of factors including:

• the best way to fund the purchase
• securing the right kind of mortgage
• whether the rental income will cover outgoings?
• The best way to manage the property and its tenants
• how the rental income will affect your income tax obligations

Getting legal advice at an early stage will help you decide whether a particular property is suitable for investment. We can:

• carry out searches, enquires and reports on the property title
• make the appropriate registrations of interest at H.M Land Registry
• prepare tenancy agreements
• provide advice on regulations such as multiple occupation obligations and tenancy deposit schemes.

For more information, please contact our residential property teams in Halifax, Brighouse and Huddersfield.