Buy-to-let essentials for Surrey property investors

With a majority Government and Brexit seemingly under control, equilibrium is starting to return to the property market. In economic terms, we never really saw a negative impact after the EU referendum result.

Whether you are a novice who’d like to start a buy-to-let journey or a seasoned investor keen to add to your Surrey property portfolio, Grosvenor Billinghurst has winning buy-to-let advice.

  1. Surrey estate agents can assist you: Tempting as it is to rely on property portals such as Rightmove or Zoopla, many of the best investment properties are introduced to buyers registered directly with branches before being put online. As a Woking, Claygate, Cobham and Hinchley Wood estate agent, we have personal relationships with homeowners and landlords across the county. In fact, we often broker deals behind the scenes too! To gain this benefit when buying a Surrey property for sale, register with us today.
  2. Maximise falling mortgage rates: You may not remember a time when home loans were as competitive as they are now. And that goes for buy-to-let mortgages as well. An interesting truth - one broker, Property Master, found that the cost of a five-year, fixed-rate buy-to-let mortgage had fallen by £15 per month between December 2019 and January 2020, when taking a 50% loan-to-value mortgage into account. If you already have mortgaged investment properties, 2020 is also the year to maximise your good luck by remortgaging for potentially lowered monthly repayments. Grosvenor Billinghurst can introduce you to our recommended IFA/mortgage expert, so please ask.
  3. Keep up with compliance: In case you are a landlord, then you need to be on-the-ball in terms of incoming compliance. You may expect two new pieces of lettings legislation becoming law in 2020. Firstly, relating to EPC ratings and secondly the electrical testing. As a Surrey lettings agency, it is our job to monitor the industry for all the new rules and regulations. You can be assured of our fully managed services to action the new compliance laws on your behalf.
  4. Refurbish your property: More tenants than ever are seeing renting as a long-term lifestyle choice and are, therefore, more concerned with a property’s appearance and quality. If you own a buy-to-let in Surrey, you won’t get away with shoddy standards. Freshly decorated rentals with neutral decor and all fixtures in working order will be the quickest to let and will be less likely to incur void periods.

Surrey estate agents recommend eco-conscious properties: Although the incoming energy efficiency ruling states all rental properties should have an EPC rating of at least an E as of 1st April 2020, landlords can do more. Research in 2019 found about 42% of tenants consider whether a building is eco-friendly when renting a home. So it’s worth making the effort. Grosvenor Billinghurst can help you find a Surrey property for sale that not only has excellent green credentials but suggest ways of making an existing rental more sustainable as well!

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