It is increasingly difficult to find the right property for rental investment, as well as being time consuming and frustrating. We can give specialist advice on the acquisition of appropriate rental properties.
The service is designed to help investors through every stage of the acquisition process and to ensure that the purchase, letting and future management is carried out professionally and efficiently.
Acquiring residential property as an investment can be rewarding, giving a combination of rental income and capital growth. Investors should be aware that it is best considered as a medium to long term proposition.
Advice and information on the current rental market.
Sourcing potential properties.
Preparing Financial Appraisals on each property.
Advice and arrangement of appropriate Funding packages. (through our recommended financial advisors)
Legal advice on acquiring and letting.
Advice for appropriate Furnishing packages
Full residential Letting service
Full tenancy Management service.
We offer a comprehensive management service for overseas Landlords with properties being inspected on a regular basis, Landlords are kept fully informed of the condition of the property, when maintenance is required, the market conditions on changeover of tenancies and in fact every single detail, the same way a UK landlord would be informed.
Terms of each tenancy can be agreed either in writing, or by telephone, or by e-mail and the contract can be e-mailed to the respective client before the tenancy commences. We usually ask for a UK resident to have Power of Attorney to sign the contract on behalf of the overseas client, this can be carried out by their Solicitor, Accountant, close family friend or by ourselves upon signing our Terms and Conditions.
It is essential that each overseas Landlord who is overseas in excess of 6 months of any one year registers with the Inland Revenue Non Residents Landlord Scheme. Otherwise we are legally required to withhold 22% of the net income and to forward to the Inland Revenue on a quarterly basis.
Details of a UK bank account are required in order that rental payments can be made on a monthly basis.
Where a Landlord is overseas we generally like to agree an amount of money to be held in our clients’ account to cover general maintenance payments, above this level contact to be made with clients overseas.