Buy to let
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Why Let
There are many circumstances which lead to one’s decision to let their property, whether it be to provide of retirement, relocate or to move abroad.
Letting your property offers an increasingly secure form of investment with annual yields easily exceeding other kinds of investment. This provides a consistent income which is tied to the general cost of living.
The demand for rental properties is increasing due to younger people renting for longer and a general shortage of property.
Buy to let properties are popular with mortgage providers, as they are more relaxed about lending to this
type of purchase. The value of your property is likely to rise over time, as well as provide a consistent income.
If you’re living abroad, there are certain legal formalities that need to be addressed in relation to the non-resident-landlord-scheme (NRLS).
Our team will guide you through the most suitable “Buy to Let” options, connecting you with reliable mortgage brokers and conveyancing com
Building a Portfolio
We can also help you build your portfolio, sharing new local investment opportunities and detailed market reports which show areas anticipating the most growth.
When building your portfolio, there would be further exposure to the market and therefore we will guide you fully on achievable rents and cashflow forecasting to ensure that investments made are fully secure.
Frequently Asked Questions
Our members are full trained to understand thoroughly all requirements and are equipped with the best systems to oversee compliance. We also ensure that all tenants are referenced comprehensively and offer a rent and legal service guarantee which will give you peace of mind and financial security.
One of the key benefits is that we make daily payments to Landlords through the use of market leading and bespoke software to manage rents promptly. Once reconciled through our system, rents are paid by BACS directly into your chosen bank account. We also generate monthly rental statements which are sent by email.
There are certain tenancies which fall outside the housing act, however in the vast majority of cases, the type of agreement used is an assured short-hold tenancy agreement, also referred to as an “AST”. This gives the tenant a minimum fixed term tenancy of 6 months.
As part of our fully managed service, we provide rent guarantee and legal cover. As we will ensure that every tenant is thoroughly vetted before a tenancy can be accepted, it is unlikely you should experience a problem like this, however in cases of rent default and the need to evict a tenant who is in breach of their tenancy terms, we will proactively work on your behalf to ensure the most appropriate action is taken.
As a Landlord, you have a legal obligation under the Landlord and Tenant Act to maintain the structure of the building, sanitation and upkeep of items provided as part of the tenancy.
There is very little difference in rental value between a furnished or unfurnished property and its location. It is based on one’s preference. A bedsit in a shared property targeting young professionals, it would usually be expected that the property is furnished, whereas a property at the higher end of the market would normally be expected to be unfurnished. It will also depend on your own individual circumstances as well and what’s also important to consider is that white goods are usually supplied whether a property is let unfurnished or furnished.
The upkeep of gardens, is written in the tenancy agreement and is the tenant’s responsibility, however it’s recommended that necessary equipment is supplied to ensure that the tenant adheres to this. Should you have large gardens or plants that require special attention, we can arrange a gardener at low cost.
An adjudication process is offered by the bond scheme to settle any potential dispute over proposed de-ductions at the end of the tenancy. This is why we have invested heavily into the quality of our inventory reports, as the outcome of any adjudication will depend on the evidence supplied. As your agents, we will do our utmost to ensure you are best protected.
Under an Assured Shorthold Tenancy agreement, the Landlord has mandatory rights to serve a minimum of two months’ notice to reclaim possession of their property at the end of the fixed term contract. At the end of the notice period, the tenants will have been expected to vacate your property.
The “Right to Rent” scheme was rolled out across England in February 2016. Its purpose is to make sure that tenants have a legal right to live here before granting a tenancy. We have been carrying out these checks for many years anyway but now failure to obtain a sufficient proof of residence will result in a fine.
All Landlords could be liable to pay tax on their rental income, whether they live in the UK or abroad. Fur-ther information can be found on the Inland Revenues website.
As part of our fully managed service, we register the bond in our chosen scheme, though you have the option to choose a different deposit scheme should you wish to manage the tenancy. We can guide you on which one is most suited to your needs.
You are required to give the tenant appropriate notice before entering the property.
It’s stated in the tenancy agreement that the tenant is responsible for paying council tax and utility bills. It is also the tenant’s responsibility to pay the TV license, unless the Landlord has supplied a TV as part of the tenancy.
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Read what our customers are saying
Amazing Service
Currently renting a property with Bellwood and couldn't be happier. They are lovely and quick to respond and much better than any previous agency I've rented through. Thankyou for such an amazing service.
★★★★★ Siobhán Doyle
Highly Recommended
We rented a property with Bellwood Lettings for 6 years and they were helpful, flexible and considerate with us throughout the tenancy. They also helped us when we had issues with the house such as boiler trouble. Darren wants the best for his tenants and will go that extra mile to get ýou settled into your property. I highly recommend Bellwood Lettings, speaking as a private tenant.
★★★★★ Stephen & Rebecca Oakes
Total Confidence
I mainly deal with Darren Dykes (the proprietor) and he is a very kind, approachable agent who is extremely helpful and co-operative. He reports back to me with all aspects of the 2 properties his company manages for me which I really appreciate. In the 6 months I have known him I can honestly say I have total confidence in him and his company to manage my properties to a very good standard.
★★★★★ Ms Matharu
In Safe Hands
I have used Bellwood lettings to manage my property letting for the last two & a half years and I know that its in safe hands. I don't live locally so its a huge peace of mind for me to have such a good agent looking after my property. Darren is always quick to respond to contact and always professional and reliable. I would absolutely recommend them. Thanks for your continued support Darren and Louise.
★★★★★ Harriet
Best Letting Agent
By far the best letting agent that I ever used. Super professional, always available, very responsive and quick to act. Everything you need in a letting agent. 10/10 highly recommend
★★★★★ Nuno Leitao
Reliable & Trustworthy
Bellwood Lettings have looked after our properties for years, they are completely reliable and trustworthy, Darren is always professional and he keeps us well formed about our properties and any maintenance issues that need sorting out, I cant recommend them enough 10/10
★★★★★ Laura Cope
Perfect Letting Agent
Perfect letting agent IMHO. We live some 120 miles from our property and would have no hesitation in recommending Bellwood Lettings as an agent who we feel looks after our property as if it was his own. We have used them for the past four years. We find his rates are reasonable and he has access to good priced and capable trade people.
★★★★★ Chris Corcoran