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INVESTING IN PROPERTY: BUY TO LET 

 

Historically residential property has proved to be an excellent investment as property values have on average doubled every eight years for the last fifty years. The abolition of rent controls, the landlord’s right to regain possession and the availability of specialist ‘buy-to-let’ mortgages have all helped the savvy investor build a viable portfolio of rental property, providing a valuable monthly income. Demand from a more mobile workforce and changing lifestyles have also contributed to a significant increase in private residential letting.


Finding the right property
 

Property should always be viewed as a medium to long term investment as property values rise and fall on a cyclical basis. We are well placed to provide all the expertise you need to make sure you buy the right property for your budget. We can advise on location, local demand and achievable rental values to ensure you achieve the most from your investment, as well as explaining the legal, financial and tax issues.

In general terms modern property is preferable from a maintenance point of view but a carefully renovated older property can be attractive to many tenants. Good residential areas attract better tenants and demand is stronger for town rather than country properties. Bedsits, whilst having a smaller capital outlay, are to be avoided as they tend to attract a higher turnover of tenants and associated maintenance costs.

Lovett Sales and Lettings Directors Graham Bond and Anthony Charters are available to give one-to-one advice should you be considering adding to your portfolio. Graham or Anthony can identify, source and negotiate the purchase of suitable properties on your behalf, regardless of which estate agent is offering them for sale.

To calculate your potential yield, click here:

http://www.btlexperts.co.uk/calculators/ 

"Many thanks to Emma for all her hard work throughout the letting process of my property. Excellent service - as always! Lovetts are the best"
Julia - St Neots