At the recent Buy-to-Let seminar hosted and held at Barclays Bank in Dunstable, both existing Landlords and new investors looking to purchase a Buy-to-Let property were given presentations by a Woolwich mortgage advisor, a solicitor, an accountant and Belvoir Lettings Dunstable.
Letting is becoming an increasingly attractive proposition and the private rental sector is growing significantly. Rental yields are on the up and the risk of a tenant failing to pay their rent is reducing. As a result of this, more individuals are entering the market, but need professional advice.
At this event held for the first time at Barclays Bank in Dunstable, a full room were given an explanation of the range of Buy-to-Let mortgages and options available through Barclays.
Eugene Pritchard a Residential conveyancing Solicitor at Machins Solicitors Luton discussed the legal implications of the various mortgages, leases, tenancy agreements and your legal responsibilities as a Landlord.
Suzanne Spicer an Accountant of Spicer & Co based in Dunstable explained the Tax Implications of a Buy-to-Let investment including Income Tax, Capital Gains Tax and Inheritance Tax. She also touched on the options of the ownership of the property whether sole or jointly and what expenses incurred can be offset against tax.
Lastly, Daniel Bourke from Belvoir Lettings in Dunstable talked about the current rental market which is very strong in Dunstable, and the type of properties, expected rental income and rental yields. He also explained how Belvoir Dunstable aid new landlords to choose their first investment property by carrying out market research and suggest potential properties that are for sale as a good Buy-to-Let investment.
