Here are our tips for buy a buy to let property conveyancing
If you are looking to buy or sell buy to let property you've come to the right place. Use our online conveyancing quoting engine to find out how much it will cost but you can instruct your solicitor online instantly, all of which are fully qualified to deal with your case. As we are based online our costs are kept to minimum; a saving we pass on to our clients.
Remember to buy a property typical stages are
Put in an offer in once accepted start the mortgage application process without delay
Start the conveyancing's the legal process that transfers property from one person to another.
Now get a survey to check the property's condition. Your solicitor checks any legal issues
Mortgage offer then exchange:
You pay your deposit and can't back out without major cost.
Completion: start moving your tenants in
We advise you to work out the total cost of buying your investment property. Here's what to add into the cost
Stamp duty Buy a property for more than £125,000 and you'll have to pay stamp duty land tax on its purchase price.
Mortgage arrangement fee Expect to pay your lender an arrangement fee in some cases this is non-refundable, even if the purchase falls through.
Survey or valuation fee to check the property exists and that it also offers sufficient security for the loan.
Think about repairs to get the tenants in and the property paying