Buy-to-let quick guide checklist

Checklist provided by 

www.reedsrains.co.uk

 
Set clear objectives for your property investment.
Work out how long you can tie up your money for, eg 10 years, 20 years.
Research demand and supply for property to rent now and in the future.
  Sign up to any local authority landlord accreditation scheme.
  Make sure yields are 7%+.
  Decide on a exit strategy via a financial and property tax specialist.
  Find five potential properties to buy and let.
Compare the financial returns for each property.
Check out what buy to let mortgage deals are right for you.
Make an offer (try to secure 10% below market value).
Organise a buy to let survey.
Understand what is required to legally let the property.
Organise specialist buy to let insurance.
Ensure you have an EPC available for viewings.
Appoint a NALS letting agent/start advertising the property.
Do a credit check on potential tenants.
Get an inventory done on the property.
Secure the deposit in a tenancy deposit scheme.
Sign contracts.

 


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