Buy To Let
Whether you are an accidental landlord or a seasoned residential property investor, buying, managing, and selling rental accommodation comes with risk.
Our specialist Buy to Let Solicitors will take the time to understand your situation and update you on any regulatory changes affecting landlords.
We will also proactively manage any challenges your portfolio or properties face, so you can relax in knowing that all the legal aspects of your property investment portfolio are in order.
Based in our city centre offices in Coventry, we are one of the busiest Residential Property Solicitors in Coventry and Warwickshire. Our solicitors have a reputation for excellence in quickly and effectively managing buy to let sales and purchases are known throughout the Midlands. You can be confident that by instructing us, your property sale or purchase will conclude smoothly.
We are a diverse law firm, with multi-lingual solicitors that use best-in-class technology to provide clients with streamlined, modern, and highly effective residential property advice and representation. Our solicitors have years of experience in conveyancing law which means that we have a robust reputation for excellence with the UK’s best Barristers and King’s Counsel, Estate Agents, Independent Financial Advisers, Surveyors, and Mortgage Brokers who can bring additional support to our Residential Conveyancing Department if required.
How we work
Given the high value and importance placed on buying and selling residential property, the process of purchasing a buy to let can seem hectic and overwhelming. Our Buy to Let Solicitors will work from the outset to reassure you, make recommendations to protect your interests, and handle all of the details on your behalf. We will make sure the conveyancing transaction is as stress-free as possible and will keep you updated as each step is completed.
We are proud of our personal service to all our clients and where possible we are contactable by phone and will respond to your email within 24 hours. You can rest assured we offer a fixed fee service and flexible appointments at our Coventry city centre office.
We pay thorough attention to detail when handling property deals. All our Residential Conveyancing Solicitors have the experience and resources available to ensure that every aspect of the transaction which requires attention will be spotted, brought to the fore, and managed. Whether it is a particular aspect of the title deed which we believe requires clarification or change, an additional search we recommend, or any other aspect, you can be assured we have an eye for detail and will bring these to your attention and recommend the best approach to move forward.
We hold a Law Society Conveyancing Quality Accreditation, meaning we are recognised as having the capability to provide quality conveyancing advice, use a regulated process to recognise and reduce risk, and meet Law Society standards when providing conveyancing services.
Below are some common questions we are asked regarding buy to let properties.
What makes a good buy to let property?
The most important consideration when purchasing a buy to let is the yield (the rate of return you can expect to receive on your investment expressed as a percentage). To ensure maximum yield a balance must be struck between the potential rental income with the maintenance and insurance costs associated with the property. For example, a buy to let in a village may net you quiet, long term tenants who respect your property; however, if they leave, it can be hard to replace them. On the other hand, student flats are always easy to rent out but you risk having increased maintenance and legal costs associated with property damage and having to evict people for anti-social behaviour.
Before entering the buy to let market, take the time to extensively research your options and find the best type of property for your stage of life and resources.
Can I get a mortgage to purchase a buy to let?
Due to low interest rates, the mortgage market is extremely competitive. To secure a buy to let mortgage you will normally require a bigger deposit, around 20% of the purchase price. Interest rates are often higher on buy to let properties, so it is important to shop around for a good rate.
Why choose us?
Because many investors pay cash for buy to let homes, speed is often key to securing a desirable property. Our Buy to Let Solicitors have an in-depth knowledge of the Coventry and Warwickshire area and good relationships with estate agents, valuers, and lenders. By instructing us you can be confident that not only will your buy to let purchase be meticulously managed but you will also have the best chance of securing the perfect addition to your investment portfolio.
People choose and recommend us not just in Coventry, Nuneaton, Rugby and Leamington, but across Warwickshire, the Midlands and the whole of the UK., because we care about them, their family, and their future. Our solicitors are focused on results and achieving them cost-effectively and efficiently. Our specialist Residential Conveyancing Solicitors will take care of every aspect of your buy to let transaction so you can concentrate on other aspects of your life.
To talk to us about selling or purchasing a buy to let property, please contact us using the form below, call us on Coventry (02476) 231000, email enquiries@askewslegal.co. or visit us at our city centre offices in Coventry.