Rental Valuation in Berkshire, Hampshire and Surrey
Being a Landlord is a very different dynamic to being a home owner. You need to pick the right property for good capital growth and rental potential; ensure you get the right tenant and the right monthly rental and make sure you have every eventuality covered, to get the most out of your rental property.
All of this could be a recipe for stress, rather that success! If you have the wrong agent acting on your behalf and you could find yourself running around like a headless chicken. Not with Prospect - We make your property work for YOU, not the other way round.
Every Landlord has a tailor made service just for them, dependent on their portfolio, location and the level of involvement they would like with their property. Prospect’s lettings staff are all ARLA qualified or in the process of becoming so, to ensure that the advice and guidance they give is accurate and relevant. Advice you can trust and act on!
We have a host of additional services available to our landlords, such as a Landlord tracker, 24 hour emergency line, property investment advice and education as well as specialist investment mortgage advisors… the list goes on. We are able to supply everything you could possibly need as a Landlord, at any point of your investment journey.
First-time Landlords and letting your first property
Most people who approach an estate agent to sell their property rarely consider renting it out. If you’re moving to a new home, you don’t necessarily need to sell your current property! What if you could own both properties and even make money from your current property?
So, how will it work?
You’ll go ahead and buy the home you have your heart set on exactly as you would expect. However, instead of selling your current property, you’ll take out a BTL (Buy to Let) mortgage, which will allow you to purchase your new property.
This means you’ll still own your existing property and will be able to rent it out. If you did this, your rental income would cover your BTL mortgage repayments, effectively paying for itself.
This means... In 5-10 years’ time, when you decide it’s time to move into your forever home, you could sell both properties, enjoying ten years’ of increased property value– plus the rental income you’ve received over ten years.