Buy-to-Let Investments
If you are considering purchasing a residential property for buy-to-let purposes, it is vital that you take expert legal advice. When you buy a property to rent out you are effectively starting a small business by becoming a landlord. There is much to be considered over and above the purchase of the property.
We always recommend you have a properly drawn up tenancy agreement. We will consider with you what is required and draw up your agreement.
We can advise you about meeting your legal responsibilities, such as carrying out repairs, maintaining the safe supply of gas and electricity and ensuring fire safety regulations for premises and furnishings are met.
We will be there to assist you with other problems such as dealing with tenants disputes, termination of leases (including “Notices to Quit”) and, if required, recovery of unpaid rent and eviction procedures.
Re-mortgages
Re-mortgaging is undertaken for a variety of reasons; switching to a better deal, increasing the size of an existing mortgage to release funds to pay for home improvements, or other purposes.
Whatever your reason for re-mortgaging, many of the same legal processes required to secure your original mortgage will apply to re-mortgaging.
An important aspect for many people is the need to complete the re-mortgage quickly, especially if funds are required for a specific project. Our specialist team will deal with the legal requirements of your Lender as quickly as possible, while ensuring that your legal position is protected.
Lease Extensions
Whether you are a tenant or a landlord, our specialist team can assist you with extending an existing lease or granting a new lease of your property.
There is legislation in place which provides qualifying tenants with a right to extend their leases and we can offer advice on how to go about dealing with such matters.
Contact a member of our team for more information.