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Stamp duty hikes, tax law changes, landlord licensing, and legislation. Becoming a landlord in Wales in 2016 brings with it a laundry list of factors to consider.
In fact, Buy to Let is no walk in the park and certainly not the licence to print money that it perhaps used it be. Rents are competitive. Plus, there are lots of hidden costs to consider when running an investment property.
However, don’t let all that put you off. Swansea’s Bay Estate & Letting Agents has over thirty years of experience with Buy to Let and we’re here to guide you through the process and help you make the best of your investment. We’ll help you…
Choose the right property – It’s purchase the right property at the right price. Do your research and work with our experienced staff so that you can feel as confident as possible in the investment you are making.
Do the sums – We’ll recommend properties and help you to calculate yearly rental income. We’ll discuss vacant periods (hopefully there won’t be many), routine maintenance, depreciation of furniture and fittings, upkeep and service charges so that you can form an accurate business plan.
Navigate the legislation – We’ll talk to you about management charges, tenancy law, safety certification and insurance.
Fulfil licensing criteria - We're have been licensed member of ARLA (Association of Residential Letting Agents) for many years, a SAFE Agent and members of The Property Ombudsman. We're currently undergoing Rent Smart Wales licensing.
Tackle tax – We’ll advise on what to expect from the stamp duty changes of April 2016 and Buy to Let income tax changes from 2017.
Know what to expect from the sale process – We’ll keep in contact with regular updates.
Start making the most of your investment – We’ll rent your property and provide you with an all-service property management.
Mostly, Swansea's Bay Estate & Letting Agents will provide you with a complete, professional service. Talk to us today and we’ll be happy to help!
There's a better way to sell or let your home. At Bay, we really know the property market. We're local and we'll gladly share our knowhow and experience with honest advice that will be just right for you. So whether you're buying, selling or letting, get in touch. We're here to help.