Buying a property to let with Blacks Residential Lettings

Buy-to-let investors require a keen eye for identifying key rental properties within right area. Within each area you must identify your target market. e.g. what kind of tenants do you hope to attract. websites such as www.upmystreet.co.uk are excellent for researching areas and will detail all local ameniteis such as schools, transport links, etc. It is essential that would-be buy-to-let investors keep tabs on property locations that are of interest to them.

Local newspapers and community websites are also a good research tool, after all a seller is unlikely to mention that they are moving out because of a wave of local burglaries. It is a good idea to contact letting agents first, posing as a potential tenant, to help get to the truth about local market conditions. A little local knowledge can go a long way in buy-to-let investing. The most successful buy-to-let investors, purchase property close to where they live, as they have a keen knowledge of the areas surrounding them. Take the décor into consideration. Poor decoration can take time and money to get right but it can mean that the property can be had at a bargain price.As long a a property internally feels fresh and clean, try not to get too hung up on fitting the best kitchens etc. keep decor plain i.e magnolia, with plain carpets or laminate flooring.

Always get a full survey done of the property, buy-to-let is a huge
investment and not to be taken lightly.

	BLACKS RESIDENTIAL LETTINGS
	Serving the Billingham, Stockton, Middlesbrough, Hartlepool and Newcastle Area

Looking to buy a property to let
Buy-to-let investors require a keen eye for identifying key rental properties within right area. Within each area you must identify your target market. e.g. what kind of tenants do you hope to attract. websites such as www.upmystreet.co.uk are excellent for researching areas and will detail all local ameniteis such as schools, transport links, etc. It is essential that would-be buy-to-let investors keep tabs on property locations that are of interest to them. Local newspapers and community websites are also a good research tool, after all a seller is unlikely to mention that they are moving out because of a wave of local burglaries. It is a good idea to contact letting agents first, posing as a potential tenant, to help get to the truth about local market conditions. A little local knowledge can go a long way in buy-to-let investing. The most successful buy-to-let investors, purchase property close to where they live, as they have a keen knowledge of the areas surrounding them. Take the décor into consideration. Poor decoration can take time and money to get right but it can mean that the property can be had at a bargain price.As long a a property internally feels fresh and clean, try not to get too hung up on fitting the best kitchens etc. keep decor plain i.e magnolia, with plain carpets or laminate flooring. Always get a full survey done of the property, buy-to-let is a huge investment and not to be taken lightly.		Mortgages In order to secure finance, rental income needs to be at least 130% of the mortgage repayment, buy-to-let mortgage lenders base their decisions on whether or not to approve a loan on the likely rental income from the property and not the applicants' income. You will need to have a minimum 15% deposit and own a main residence. Landlords also have a choice between interest only and repayment mortgages. Interest rates available on buy-to-let mortgage are generally not significantly higher than those on standard mortgages. Blacks Residential Lettings will assist you with rental figures for your investment and offer general advice on areas of interest, our financial advisor will also find the best mortgage deals for you. Why not let Blacks Residential Lettings help you find the ideal property to let?

Looking to buy a property to let