Buy-to-Let Conveyancers

As a landlord or property investor, there are a few legal considerations that differ slightly when compared to buying or selling a residential property. Having a trusted buy-to-let conveyancer by your side ensures that you are fully aware of what to expect with your new rental property, and that you don’t fall foul of any rules or legislation.

What is buy-to-let?

A buy-to-let property is one purchased for the purpose of renting it out to tenants privately. Unlike purchasing a residential property, the finance options are different when it comes to mortgages, with buy-to-let mortgages often being interest0only. The owner of the property is also considered the landlord, and there are certain rules and legislation to be followed for a property to be legally rented to tenants. When purchasing a buy-to-let, it is important that you have a conveyancer that can scrutinise the current covenants and restrictions of the property, and whether anything must be done before it can be let.

What do Conveyancers do for buy-to-let properties?

Your conveyancer will determine what, if any, requirements are needed before the property can be let. This ranges from whether the EPC is at the legal minimum, if the EICR and Gas Safety are up to date, and whether a license application is required, for example in the case of a Home of multiple occupation (HMO).

This is important, as having this knowledge allows landlords to understand what may be needed to bring the property up to code; it may even tempt some to pull out of the sale altogether. We also check that the mortgage is appropriate for the property, as having the wrong mortgage on a buy-to-let can have negative repercussions.

We also cover aspects such as Stamp Duty Land Tax and any required insurance, meaning you’ll be fully compliant and protected once the property is purchased.

We understand that every property is different, so whether you’re purchasing a house a flat, the team at Chapter Law will ensure all searches and processes are completed promptly, so you can complete on your new investment property with confidence and all the facts at your disposal.

How long does buy-to-let conveyancing take?

Our conveyancers aim to have your property purchased between 8 – 12 weeks, but with buy-to-let properties, we are all too aware that complications can arise, due to the extra steps required to ensure the property is fit to be rented. At Chapter Law, our team ensure that all conveyancing is conducted thoroughly, which may mean a small delay here and there. But rest assured, we do this so you can purchase with the utmost confidence and avoid any surprises in future.

How much does buy-to-let conveyancing cost?

The conveyancing costs related to your investment property will depend on a few factors, including the type of property and location. We keep our fees transparent, with a fixed fee guarantee and no-sale, no-fee promise. If you want to find out exactly how much it could cost to hire your buy-to-let conveyancer, then use our conveyancing fee calculator.