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With property prices quite low at the moment many people feel that buying a property for investment purposes will provide a regular income and the possibility of seeing their investment grow in value as well. This can seem attractive compared with many other investments at the moment.
Becoming a private Landlord in this way is a fairly complicated process but we can assist you at all stages in the process.
In recent years there have been many new regulations that apply to private Landlords. In particular:-
- All properties for residential letting now have to have an Energy Performance Certificate.
- All deposits now have to be paid into a registered Deposit Protection Scheme. There are serious penalties for Landlords who try to retain deposits in their own bank accounts.
- There are complicated new regulations about houses in multiple occupation needing to be specially licensed by the local authority.
We can guide you through the entire process and assist with vetting your tenants to try to ensure that they are financially sound, preparing the Tenancy Agreement setting out your and their rights and responsibilities as Landlord and Tenant, arrange the preparation of the Energy Performance Certificate, making arrangements for the deposit to be property secured.
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