Buy-To-Let is a great investment if you plan to have long term tenants. This can be a great regular source of income and will certainly be a great addition to your pension. Buy-To-Let as a stream of income is one of the most lucrative investments in the UK, as property in this country tends to increase in value.
Your investment journey begins when you decide what you want to do with property. You need to ask questions such as: is ‘buy-to-let’ the right kind of investment for me? How much return on my investment do I want? Do I want to increment the value of the property until a specific time? How long do I want to keep the investment before selling up? You can discuss any of these issues with a business lawyer who specialises in property law.
Are you prepared to become a landlord? If you buy a property with the intention to let short or long term, you’ll need to find a tenant. Decide if you’ll manage the property yourself. You can also pay an agency to manage the property for you. It would be advisable if you became familiar with some parts of the landlord and tenant act 1985. This is something your property lawyer can help you with.
Are you thinking of investing in property? Please give us a call. We can discuss the various options for you. We’ll offer a free first consultation without any commitment to help you decide your best option. SG
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