Let to Buy

Similar to Buy to Let but used when a homemover intends to let their existing property.

If you are going to let your property, you will need to obtain a home inspection report and arrange for a qualified Corgi gas fitter to obtain a gas safty certificate.  You will also need to arrange for a qualified electrician to provide an electrical certificate.

Consider these points:

Consider these points:

• Are you buying for a long term investment or a short term one?
• Consider the yield.  Will the return be better than investing the money in a building society or bank?
• Is the property located in an area where there is a high demand for tenants?
• Do you have a good deposit?  Many lenders now require at least 20% deposit.
• Do you have additional funds to cover any voids?
• Consider the set up fees, they can be very high.
• Check the early repayment charges.
• Check out the set up costs.
• Check out the valuation fees
• Is there any HLC?
• Does the property comply with HMO standard?
• Has the vendor carried out a home inspection report?
• Is there a valid gas and electricity certificate?

Feel free to call us if you would like to discuss your options.

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0844 357 4429 or Mobile 0788 0727 493

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