Buy to Let

What locations are popular with renters? Is it better to rent to families, couples, or groups of students? What type of property earns the most returns? At Locate Properties we know our area inside out so we can advise you on the best property to buy and where.

Buy-to-let mortgages have slightly higher interest rates than owner-occupier mortgages, and the amount you can borrow in relation to the value of the property tends to be lower, so you’ll need a higher deposit. But unlike owner-occupier mortgages, your ability to pay is not based on your income but how much rent you’ll receive. If you need advice on buy-to-let property mortgages we know the people to talk to.

Every landlord wants a respectful, professional tenant that pays the rent on time and looks after your property. At Locate Properties, we carry out all the checks necessary including references and financial investigations to find the perfect tenant for you and your property.

Within 30 days of the receiving the tenant’s deposit, you’ll need to ensure the deposit is protected for the duration of the tenancy. Any deposit we collect on your behalf is protected by the Tenancy Deposit Protection Scheme for you.

As a landlord you have a number of responsibilities including exterior repairs, heating and water systems, gas appliances, white goods, electric goods, and general maintenance. As part of our property management service, we can handle all this for you.

You’ll have a number of costs to think about too including landlord insurance, maintenance costs and rent insurance, as well as stamp duty, income tax and capital gains tax. At Locate we can advise you on the costs and fees you’ll likely to incur so you can make an informed decision about buy-to-let.