If you’re considering purchasing a buy to let property for the first time, you’ll need to be aware of some specific issues; these include buy to let mortgages, local authority licensing schemes, landlord insurance, tenancy agreements and how to deal with any landlord-tenant disputes.

Regardless of whether you are considering becoming a buy to let landlord for the first time or you are simply expanding your existing portfolio, you’ll need to consider a number of factors including:

  • the best way to fund the purchase
  • securing the right kind of mortgage
  • whether the rental income will cover outgoings?
  • The best way to manage the property and its tenants
  • how the rental income will affect your income tax obligations

Getting legal advice at an early stage will help you decide whether a particular property is suitable for investment. We can:

  • carry out searches, enquires and reports on the property title
  • make the appropriate registrations of interest at H.M Land Registry
  • prepare tenancy agreements
  • provide advice on regulations such as multiple occupation obligations and tenancy deposit schemes.

For more information, please contact our residential property teams in Halifax, Brighouse and Huddersfield.