Buying a high yield investment property to let can be very different process to buying a home. Your choice of location is probably the most important factor, with the size, age and condition of your property following close behind.
Making the right choice could make the difference between a straightforward, successful let, and a disappointing venture in the property world. It is important that any acquisition meets a criteria that will make it:
- Easy and quick to let (location & condition)
- Easily and cost effectively maintained
- Easily resold (subject to market condition)
- Mortgagable
- We are able to offer assistance with your purchase locally through our branch and for a moderate charge will undertake the following;
- Full assessment of your requirements
- Property search to find a shortlist of investment properties
- Rental appraisal and recommendations
- Yields information on all short listed properties
- Communication with your solicitor, accountant and lender
- Comprehensive letting and management service
- Specialised tenant property insurance
Kings Lettings Ltd also deal with Relocation Agents. So if you are thinking of investing in City & Prestige properties at any price we will always give the best quality of service. The Landlord service can include:
- Bespoke Marketing Report
- Reporting to client after each viewing
- Specific Marketing
- Accompanied viewings
- Internet advertising
- Marketing through local networks
- Full colour property details
- Accompanied viewings
- Individual colour details
- Guide to local area
- Personal introduction to landlords
- Courtesy visit to tenant in first week
- Welcome pack
Consent to Let
If you have a mortgage you must obtain consent from your mortgage lender. If your interest in the property is leasehold your lease may require you to obtain consent from your landlord prior to sub letting.
Insurance
Standard home owner insurance may well be invalidated when you let your property. Kings Lettings Ltd can obtain free quotations for cover for let property including rent and legal insurance.
Tenancy Agreement
It is a requirement for landlords to sign their own tenancy agreement. Therefore it is important that we are given clear instructions regarding the length of time the property will be available and that we have the contact address, telephone and fax number in order that the document may be forwarded for signature prior to any tenancy.