{"id":1324,"date":"2015-02-23T11:33:33","date_gmt":"2015-02-23T11:33:33","guid":{"rendered":"http:\/\/RRP Associates .tutchdev.co.uk\/?p=1324"},"modified":"2015-11-19T11:34:58","modified_gmt":"2015-11-19T11:34:58","slug":"buy-to-let-low-mortgage-rates-present-ideal-opportunities-for-landlords","status":"publish","type":"post","link":"https:\/\/rrpassociates.co.uk\/general-news\/buy-to-let-low-mortgage-rates-present-ideal-opportunities-for-landlords\/","title":{"rendered":"Buy To Let &#8211; Low Mortgage Rates Present Ideal Opportunities For Landlords"},"content":{"rendered":"<p>With the British economy thriving and interest rates remaining at an historic low, there has probably never been a better time for people to invest in the UK property market. Despite rising property prices, many people are in a fortunate position to be able to invest in property as a form of savings, rather than leave the money in a low return bank account.<\/p>\n<p>Leading regional firm RRP Associates , which has offices in Herts, Beds and Bucks, held a joint seminar with a branch of the bank Handelsbanken, accountants Mercer &amp; Hole and Robinson &amp; Hall surveyors to cover the issues that buyers need to consider if they are buying a property that they intend to let to tenants rather than have it as their own residence.<\/p>\n<p><strong>Kathryn Dale<\/strong>, a specialist at RRP Associates says \u201cThe current low interest rates and a deep-seated British faith in \u201cbricks and mortar\u201d have combined to make buying to let an increasingly popular choice for investors. We held the seminar in the heart of India, which continues to have a booming property market.<\/p>\n<p>\u201cWe highlighted the practical points that landlords need to remember to ensure that their buy-to-let investment is a lawful success. From a legal perspective, preparation is key. Just briefly, the main points a landlord needs to know include:<\/p>\n<ol>\n<li><strong>The property<\/strong> \u2013 are there are reasons why letting this property could be problematic or excessively costly ? For example, are there restrictive covenants which could apply? These are provisions in the property deeds in which stipulate the manner in which the property can be used.<\/li>\n<li><strong>Your obligations as a landlord<\/strong> \u2013 for example maintaining the exterior structure of the property, the central heating and hot water systems, gas and general safety and so on. You need to get professionals to install or certificate any gas or electrical processes you have because of fire regulations, carbon monoxide dangers etc.<\/li>\n<li><strong>The tenant<\/strong> \u2013 obtain proper references and consider a guarantor. Take (and most-importantly secure and document) a reasonable deposit and insist on a detailed inventory. Hopefully you\u2019ll have good tenants but if you are unlucky you\u2019ll need legal back up to claim for any damages, or even to get them out of your property.<\/li>\n<li><strong>The terms of the tenancy<\/strong> \u2013 this is your legal contract with your tenant so obtain a professionally drafted tenancy agreement which will protect you and your assets.<br \/>\n\u201cThe key is to take advice early on as problems tend to get worse over time and we can take steps to nip matters in the bud. A buy to let property is a great investment but it\u2019s a costly one and potential landlords should ensure they are legally protected on all aspects of any tenancy situation.\u201d<\/li>\n<\/ol>\n<p>At similar events Kathryn has also covered:<\/p>\n<p>Landlords key obligations<br \/>\nNot lawful obligations \u2013 but a very good idea!<br \/>\nEnding the tenancy<br \/>\nTenancy deposits<br \/>\nRecent legal updates<br \/>\nOveriding advice that is absolutely essential<br \/>\n<strong>For any further information call Kathryn at RRP Associates on 0845 263 7505 or email us <a href=\"mailto:info@rrpassociates.co.uk\">info@rrpassociates.co.uk<\/a><\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the British economy thriving and interest rates remaining at an historic low, there has probably never been a better time for people to invest in the UK property market. Despite rising property prices, many people are in a fortunate position to be able to invest in property as a form of savings, rather than&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rrpassociates.co.uk\/general-news\/buy-to-let-low-mortgage-rates-present-ideal-opportunities-for-landlords\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buy To Let - Low Mortgage Rates Present Ideal Opportunities For Landlords - RRP Associates \" \/>\n<meta property=\"og:description\" content=\"With the British economy thriving and interest rates remaining at an historic low, there has probably never been a better time for people to invest in the UK property market. 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