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Steven Bond, man­ag­ing di­rec­tor of res­i­den­tial let­tings at Beres­fords, shares his ad­vice with those look­ing to buy to let

Essex Life - - Property Life -

Buy­ing to Let

I WISH I had been given a pound for ev­ery time some­one has said to me, ‘If only I had bought more prop­erty years ago when I had the chance’. Well there is still time — one of our new­est land­lords has just pur­chased his first buy to let with us aged 90! Cur­rently the re­turns of­fered from more main­stream types of in­vest­ment, such as gen­eral sav­ings ac­counts and fixed rate bonds, are neg­li­gi­ble. Fur­ther­more, some of the an­nu­ities cur­rently be­ing of­fered by pen­sion providers upon retirement are at their low­est rates ever.

In com­par­i­son, prop­erty is a flex­i­ble as­set in as much as it can be re­tained, rented out, sold or bor­rowed against. When rented out, a prop­erty can pro­vide a reg­u­lar source of monthly in­come and, for as long as it is owned, is likely to in­crease in value.

Of­ten those con­sid­er­ing this con­cept for the first time will de­lay either through fear of the un­known or a lack of time. How­ever, Beres­fords re­tain a ded­i­cated team of buy to let spe­cial­ists, whose sole func­tion is to guide clients through the en­tire process. They help iden­tify suit­able prop­er­ties, as­sist with fund­ing where re­quired, source and ref­er­ence pro­fes­sional work­ing ten­ants, move them in and then man­age the en­tire ten­ancy from start to fin­ish.

This means that our clients can fo­cus their at­ten­tions on ev­ery­day life, which may in­clude run­ning a busi­ness or pur­su­ing a de­mand­ing ca­reer, yet still take com­fort in the fact that they have in­ter­ests within the buy to let sec­tor.

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