Buy to Let
A buy to let property investment can be both rewarding and challenging, and is an increasingly popular way of planning for future income. At Fosters we have a wealth of experience helping clients whether they are experienced landlords or completely new to the world of letting. Whatever your plans are as a Landlord, choosing Fosters guarantees you the following:
- Fixed costs rather than hourly rates to help you plan your finances.
- The whole conveyancing process explained from the start
- Expert advice and assistance from our friendly and knowledgeable team
We understand the complexities and decisions that purchasing Buy to Let property involves. Our help and advice can help ensure that you make the right choices for you every step of the way. We would advise anyone considering Buy to Let to consider the following:
- Am I buying the right property?
Choosing between a property with or without an existing tenant, deciding on the right location and the type of tenants and tenancy you require are all factors that go into making the right decision on which property to buy.
- What type of survey do I need?
As with any property purchase, using a surveyor can be crucial. Consider instructing your own, and always make sure they understand your property is a Buy to Let purchase. Simply relying on your lender's surveyor report, may not always provide you with the protection you need.
- What will my obligations as a Landlord be?
Things like Repairing Obligations are likely to be set out by the terms of the Tenancy, but there are possibly terms implied in the tenancy relating to access and covering things like safety checks and maintenance. We suggest you familiarise yourself with the basic requirements to fulfil your role as a successful and responsible landlord.
- How do Deposits work?
Any deposit paid by your tenant must be "protectedquot;. By using one of the authorised tenancy deposit schemes, a landlord can avoid being ordered to pay far higher sums back to the tenant in the future.
Our Unique Aftercare
We understand that the work doesn't stop once your Buy to let property has been purchased. We can offer advice on all aspects of Landlord and Tenant Law including;
- Tenancy Agreements
- Repairing Obligations
But it's not just about the legal advice. We want to ensure that your experience as a Buy to let landlord is supported throughout. As a result we have formed a unique relationship with the Eastern Landlords Association (ELA) to provide you with a FREE Annual Membership.
With well over a thousand members, the ELA was formed in 1989 in Norwich. It represents, supports and advises residential landlords across East Anglia. Membership benefits include;
- Regular open meetings of particular interest to the private residential landlord
- Very competitive insurance through a specialist policy
- Information on current housing legislation
- Special discounts negotiated with local companies on a range of services and supplies, including discounts on all future legal advice from Fosters, across all of our legal services.
- Networking with other landlords and associations
- Newsletters and email alerts distributed to members
- The benefit and strength of a reputable professional body recognised in the private rented sector
- Tenancy agreements, inventory forms, etc available to members
- Free 160 page reference book. This reference book is the essential bible for all landlords large or small, experienced or novice
- Free advertising of properties on the ELA website
- Free insurance cover for tax investigation and legal defence costs for all members plus a partner/spouse who is jointly involved as a landlord
To take advantage of this fantastic offer or to discuss any aspect of buying to let, please contact our Property Team on 01603 620508. Terms & Conditions apply.
Terms and Conditions
This offer applies to all new, non-introducer buy to let purchase instructions. On completion of your purchase Fosters will provide you with all of the documentation required for membership and pay your an initial annual subscription fee to the Eastern Landlords Association. No alternative will be offered. Not available in conjunction with any other offer or where an introducer fee is payable by Fosters.
The Residential Property team at Fosters Solicitors have a wealth of experience and knowledge to assist you in relation to any legal property query or matter you may have. Call us on 01603 620508 or complete our online enquiry form and a member of the department will be in touch very soon.
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