In simple terms, buy-to-let conveyancing is the legal work involved in transferring the title of a property to an investor or landlord. Rather than transferring the title to a home owner, the title is transferred to a business owner – the landlord who will let the property out to a tenant. On completion day, the keys are given to the landlord, but once a tenancy is officially agreed, the keys are eventually given to the tenant.
Conveyancing solicitors are the ones who are experienced and qualified to carry out this complex work. There are no DIY kits for conveyancing work and even if someone would set up a kit, because of the complex nature of any type of conveyancing, it would be virtually impossible to complete the work without any loose ends.
Buy-to-let conveyancing is quite specific and it differs from home buying conveyancing. There are specifics to take into consideration which your solicitor will address. Also, your solicitor might help you get in touch with a mortgage lender that specializes in buy-to-let mortgages. One of the buy-to-let mortgage benefits is that you could find a lender that will agree to an interest only repayment plan.
You need to be prepared for your first tenant. In order to become a landlord, you need to talk to us and ensure that all the legal requirements have been met. As a landlord, you need to tick all the boxes, including a short term tenancy agreement. If you are looking to buy-to-let or have already bought a property you are planning to let out, please give us a call and we will help you to set yourself up as a responsible, compliant landlord. SG
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