When you plan to acquire a buy-to-let (BTL) property in London, the first step is to identify a suitable estate agent. It is always advisable to select a reputed estate agent with proven track record and credentials if you want to acquire the right property that can offer better return on investment.
Your estate agent should be able to offer you a wide range of options in London. Conduct a thorough research to identify localities where rents are as per your expectations. There is no logic in investing in a BTL property in certain areas of London where rents are low.
Set your expectations clear with your estate agent before signing any agreement. Assuming that you employ the services of an estate agent or a property management agency, you will be subject to fees of approximately 10 per cent of the monthly rental value. So make sure that the terms of engagement with the estate agent are clear upfront before you start searching for a property.
A BTL property in London generally gives an appreciable ROI in the form of rent or value in the long term. There are plenty of procedures you need to follow before you select a particular property. It is imperative that your estate agent is aware of all these procedures and educates you about them. Strawberry Star can you help you identify a BTL property of your choice. Do not hesitate to contact our London offices for more information.
Assuming that you employ the services of an estate agent or a property management agency, you will be subject to fees of approximately 10 per cent of the monthly rental value.