Support, Advice and Experience within the Property Market

Helping you to buy your first buy-to-let property

From Robert Ulph on April 7, 2015

I recently attended the annual ARLA Conference in London and every year it always brings home how it is important to be up to date with current legislation.

For many first-time landlords the lettings market can feel like a total minefield, especially if you are not completely up to date with what is going on and the continuing changes to the laws. There are many potential pitfalls with letting a property, so if you are not completely up to speed with the market you could become really confused with it all and potentially leave yourself exposed to fines and loss of rent in your first venture into the market as a landlord.

So what do you need to know before buying your first buy-to-let property?

I have had a number of prospective landlords consult me over the years and especially those who may be looking at options for their pension. Buying any property is obviously a large financial commitment, so before you decide that you are going to cash in your pension or are on the first steps towards looking at what property to purchase make sure you get good advice from an ARLA-registered agent.

Topics you might want to consider include what type of property to purchase, how much to spend, what area to buy in, what makes a good investment property, what legislation do I have to adhere to, in order to get my property ready to let? What I need to earn to make it a good return?

What to do next?

All of the information and advice you need can be discussed in an initial meeting which I am pleased to confirm is a service Pennington offers landlords free of charge, as all good agents should do.

We champion good advice and the amount of times I have had people come to me with a property that they have spent their hard earned cash on, that is simply a bad investment because of poor advice or in most instances no advice at all. To buy an investment property “because I liked it” is not always a good financial reason or business decision.

Over the years I have assisted hundreds of investors and first-time buy-to-let landlords purchase the right investment, at the right price and in the right areas to get the best returns.

Contact us

If you require any further advice or information please do not hesitate to call me on 01473 214 343 or email me robert@pennington-online.co.uk or visit our website to see just some of the testimonials we get (www.pennington-online.co.uk)

I am available to meet you at your home or in our offices in Crown Street, Ipswich so please feel free to get in touch.