Search and Acquisition
Buy to let
Buy to let has historically been a pretty safe investment prospect and is particularly popular in the UK as a means of generating income. However, you should look at it as a medium to long-term option and not the means to make a quick buck.
Whether a prolific investor with a massive portfolio or someone investing in a single property as a side-line or canny pension, it’s really important to research the area you’re thinking of buying in and the type of tenants you’re likely to attract.
WG can help you with that and advise you on the rental income you can expect, assessing whether that balances out with the investment you could be about to make.
Making the Figures Add Up
You need to plan and calculate what kind of money you could make from the property before committing, as with any business venture.
(Total income per year ÷ the value of the property) x 100 = % gross yield
(Total income – total costs ÷ the value of the property) x 100 = % net yield
Mortgage repayments + estimated refurb costs + vacant time (estimate 30 days per year) + service charge and ground rent (if leasehold)
Set an achievable rental price – this will help to reduce the amount of time your property is vacant. This means you’ll be forking out money, but there’ll be none coming in.
This is our super-quick guide to buy-to-let. Of course, there is so much more to the process and every single case is different. So, we recommend you speak to your local Wilkinson Grant & Co lettings team and seek independent advice.
Free Buy to Let Search & Acquisition Service
Are you keen to get into the Exeter Buy-to-Let market or expand your current portfolio but don’t feel you have the time, experience or in-depth knowledge to look for the right property?
Our popular Buy-to-Let Search and Acquisition Service offers clients the opportunity to discuss objectives and budget, and we will help you source and acquire the right investment property to meet your needs.
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