Buy-to-let
Buy-to-let refers to when an individual buys a property with the intention of becoming the landlord and renting the property to another. There are many reasons why people buy-to-let including the potential for capital growth as well as regular income.
However, buy-to-let mortgages often cost more to arrange and are more expensive per monthly payment. This is because buy-to-let mortgages are considered by lenders to have a higher associated risk. You will also face additional costs such as routine maintenance and refurbishment. Whilst buying-to-let has great benefits, as with any investment, a profit is not always guaranteed. This could be down to the value of your property depreciating or the total expenses required for the property exceeding the rental yield.
Whether you have been a landlord for many years or have just invested in your first buy-to-let property, Chesworths are here to source high-quality tenants for you. We only select tenants that we are confident will take good care of your property and are in a secure financial position. Our experts have vast experience in working with both landlords and tenants, so we have the skills to match the right property with the right people. Every tenant we let a property to must meet our stringent referencing and financial checks.
We understand that letting a property comes with a lot of responsibility. As a professional property management company, we have our finger on the pulse when it comes to property and ensure we are continually reviewing current legislation and legal requirements. We do this due diligence on our landlords’ behalf, so you can be confident you are always fully compliant.
Our team offers various letting services to suit your needs, so you can choose anything from full management to letting only. Landlords benefitting from our full management services receive regular inspections, reviews, and most importantly, complete peace of mind. If you are interested in buying property to let, contact Chesworths today.