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Include Sold/Let Properties? Yes No

The Buy-to-let market is still a good investment

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Published: 28/11/2016   Last Updated: 01/12/2016  
Author: Ellisons Lettings Team    Tags:

Property advice for buy to let landlords
 
The business of getting a buy-to-let mortgage can take time and needs careful research. Once the preparation is done though, there is no doubt that it will pay off.
 
Ellisons Lettings Manager Jenny Narloch, “There is only one way house prices can travel in the decades ahead. I believe property is always a sound investment, think about how capital values rise and rents increase long term and it becomes a no brainer."
 
The UK is moving towards a stage when young people simply commit or resign themselves to being lifelong tenants. Lifelong tenants are going to need lifelong landlords, who treat renting out their properties as a profession, not as a hobby.
 
The key thing is to work out who is your most likely tenant is, and present your property accordingly. Young professionals need a blank canvas, so that they can add their own character. They need furniture too, whereas families are going to bring their own. They will, however, expect it to be more than just basic. It should be well presented, in good decorative order and clean.
 
"Many people live in homes where thousands of pounds worth of equity sits locked up,” says Managing Director of Ellisons Sean Purtill. “Yet instead of buying a rental property, they invest in stocks and shares over which they have absolutely no control. Far less of a gamble, is to dip your toe in the lettings market. "
Choose a good local agent that is ARLA registered, they will offer you accurate advice on rental returns and look after you and your investment professionally.  Be wary of online managing agents, you need to ask if there is any level of tenant care, given they are dealing with properties and maintenance nationally or internationally!
 
For further information please contact Jenny Narloch at Ellisons Lettings for investment advice 020 8944 8626 and independent mortgage advisor Rick Patel about the excellent 'buy to let' rates on the market 020 8944 9494.