AFG LAW are solicitors who can provide expert advice on buy-to-let properties. Buy-to-let is a form of investment in which a residential property is bought to generate profit from rental income. Professional advice is important, whether you are buying your first buy-to-let property or looking to build up a portfolio of investment properties.
Our residential property department is accredited with the Law Society’s Conveyancing Quality standard. It is advisable to have legal help from someone who is familiar with the differences of the conditions imposed by lenders on their buy-to-let mortgage products and those for an owner-occupier mortgage.
The legal considerations and financial requirements of an investment buyer differ from someone buying a home. Buy-to-let property investors will likely have specific objectives: the property needs to demonstrate that it will maintain or improve its value and that it can continue to generate a profitable income through the rents.
Buy-to-let property investors need to consider many things such as the initial property acquisition, tenancy agreements and disputes.
Regardless of how active and ‘hands-on’ you want to be in renting out the property, our specialist property solicitors can help you. Some buy-to-let investors choose to pay a managing agent to manage the property; however, the owner of the property remains legally responsible for complying with the proper legislation.
Regulations in the buy-to-let sector have grown and the penalties for not complying are enforceable by the local authority through the magistrates court. Landlords have a legal requirement to provide a safe environment for tenants, employees and visitors to the property they own, and if they fail to do so, they can be sued or prosecuted in the criminal courts.
Planning consent may be required if the property is to be used for multiple occupation and you need to make any alterations or improvements for disabled access. At the outset of your purchase, professional legal advice can help keep you aware of the important considerations before you let the property to tenants, during the tenancy and at the end.
There are several services which having a property solicitor to advise you would be beneficial, some of which may include:
Our property team can help you with a full range of legal services.
Contact firstname.lastname@example.org for further information or call us on 01204 920108
Our residential property team can help you with a full range of legal services.
Contact email@example.com for further information or call us on 01204 377600
Picking up the phone to one of our team will not commit you to taking things forward. We are happy to have an initial, totally confidential conversation with you and go from there.