Professional Property Managers in Darton

Typically, the minimum deposit needed to secure a buy-to-let property is 25%, although this can vary from 20% to 40%. This represents a 75% loan-to-value mortgage, although in most cases investors will look to secure a lower loan-to-value mortgage by paying a higher deposit.

Conveyancing is the transfer of legal documents and the exchange of property from one party to another. Often, the buyer will instruct a specialist solicitor to see the exchange through to completion. While a buyer can take control of this themselves, it can become very costly if any complications arise at this stage.

Stamp Duty Land Tax is a compulsory payment when purchasing a single property. The SDLT can significantly vary depending on where the buyer is located, the price of the property, and the type of property purchased. To calculate the charge on your property, use the CityRise Stamp Duty Calculator.

An off-market investment is a property on sale, which is not listed on a public platform. This offers investors the opportunity to purchase something exclusive, which has not been listed on all property portals.

Using a property management service is a great way to be a hands-off landlord. For investors looking for a hassle-free experience, their property can be maintained, tenants sourced, and payments managed. This comes at a small cost, usually a small percentage of the monthly rental income, but can save the landlord a lot of time and money in the long term. However, some landlords prefer to be hands-on and manage their own property.