We class a traditional ‘buy to let’ property as one that is specifically bought with the purpose of letting it to a tenant, often on an assured shorthold tenancy (AST) agreement. Most of the properties we offer to our clients will have a paying tenant in situ. This is a popular area of investment as if you buy in the right area you could get a long term tenant in place whilst your property value increases.
We often find deals where our clients can purchase a whole block of apartments. The size of the block may range between 10-50 apartments with some blocks already coming with paying tenants already in place. This can be a great way to earn a good yield and have control over the rents within the block. We can help manage the asset for you along with the tenancies that are in place.
A house of multiple occupation (HMO) is a house that is occupied by 5 or more tenants that are not classed in the same household. They will often have shared kitchen and bathrooms along with a communal living area. Most HMOs will require you to have a license, this is something we can advise on at the time of the purchase transaction.
Often let to students (although this doesn’t rule out having private tenants), HMO’s are popular with investors due to the high rental yields that can be achieved.
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Whether you are looking to add to an existing property portfolio or you are a first time investor please get in touch with us to discuss your requirements, strategies and targets and let us help you in achieving your investment goals.