Residential Letting

   
       

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        BUY TO LET - TOP TIPS

- Location, location, location—if you aren’t familiar with the area, seek advice (not necessarily from the Agent selling the property!)

- Properties should be finished to a high standard but practically (don’t choose cream carpets). A modern kitchen & bathroom will not only achieve a higher rental but it is likely to rent much quicker.

- Be aware that the property may have void periods—can you afford to cover the mortgage without rent coming in?

- Remember the difference between gross and net yields.

- Be aware that you are responsible for maintaining the property—ensure you have funds in reserve in case of an emergency repair.

- Buy to Let should be regarded as a medium/long term investment.

- Take advice from a reputable Letting Agent about local market demands.

- Don’t let personal taste affect your judgment—bear in mind market trends.

 

 

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