Should you have a property for sale or rent and you want to get the best price for it, then to arrange a valuation is a very good start.
If you have any other questions, please do not hesitate to call your local Southgate estate agents, Nicholas James, on 0208 886 9462.Find out More
Letting a property is not as straight forward as most would think. Our key objective is to match the right tenant to your property, which we achieve by dealing with only high calibre and fully vetted tenants.
As legislation is constantly being updated, we are diligent to ensure that your paperwork is in order, tenancy agreements are legally binding, your rights as a landlord are soundly protected, rent is paid on time and that your property is well maintained to uphold the value of your property. Nicholas James will relieve you of these issues and many more. Once your property has been rented, we will be there to assist and advise you throughout the tenancy whether it be a let-only or further management service that you require.
A future investment!
Buy-to-let is a British phrase referring to the purchase of a property specifically to let out. There are the prolific investors who make a living out of buy-to-let and there are those of us who invest in a single property as a future pension etc.
It’s important when purchasing a buy to let as you need to take into consideration in what type tenant you want to attract
To calculate the percentage gross rental yield on your investment
(total income per year ÷ the value of the property) x 100 = % gross yield
To calculate the percentage net yield
([total income – total costs] ÷ the value of the property) x 100 = % net yield
To calculate annual running costs
Mortgage repayments + estimated refurb costs + vacant time (estimate 30 days per year) + service charge and ground rent (if the property is leasehold)
When letting the property it's important...
In ensuring the correct rent for the property, as a high rental value will put off tenants and could well increase the amount of time your property is vacant.
This means you spending money, but there’ll be none coming in.
Of course, there is so much more to the process to becoming a buy to let landlord and would advise to contact our lettings department or see our lettings tab.
If you wish to make enquiries regarding your property, pick our brain on a particular issue or simply meet the team then please feel welcome to visit us for a pleasant and informal chat at either of our Estate Agents offices in Southgate.