Welcome to Empreso Private Clients, where we guide you on your journey into property investment. With the right approach, property investment can be highly rewarding. This is why thorough preparation before taking the plunge is essential. We understand that the prospect can seem daunting, especially with the myriad of regulations to consider. Therefore, we strive to simplify the process for you.
In essence, buy-to-let involves securing a specific type of mortgage for a property you intend to rent out to tenants, rather than residing in it yourself. By doing so, you become a landlord, a role that entails various responsibilities you should be fully aware of.
If you're considering purchasing a property with a buy-to-let mortgage, reflect on the following questions before proceeding:
Do You Have the Time to Be a Landlord?
Assess your current schedule realistically to determine if you have enough time to manage future tenancies. Consider early on whether you might need the assistance of a lettings agent. Discover more about landlord responsibilities.
Are Your Finances in Order?
Similar to buying a home to live in, ensuring your finances are in good shape is crucial before purchasing a rental property. This is especially important if you plan to secure a buy-to-let mortgage or other financing options.
Are You More Interested in Yield or Capital Growth?
Landlords and investors typically focus on rental yield or capital growth to maximise their return on investment. Decide which strategy aligns with your investment goals.
Where and What Would You Like to Buy?
The location of your investment property is a critical consideration. Properties close to your residence differ significantly from those located further afield. Additionally, you need to decide between residential or commercial properties. For residential investments, determine whether you prefer new builds, off-plan properties, resale properties, or auction properties.
Starting Point
Let us know your preferred investment areas, and we'll send you a personalised report by email detailing the current statistics along with investment opportunities. Learn more with our newsletter.