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Purchasing a Buy to Let Property

Are you thinking of purchasing your first Buy to Let property or are you purchasing another for your property portfolio? We at Herrington Carmichael can help you through the process.

We have experience in helping people through a wide range of Buy to Let transactions.  We are able to assist in acting for purchases of Buy to Let properties on Freehold and Leasehold Properties; including liaising with Landlord and Management Companies as to their requirements to be able to let out the Property being purchased.  We are also able to advise you as to whether you will require a Licence for a House of Multiple Occupancy and to let you know the additional requirements you will also need to have such as a Landlord Gas Safety Certificate.

We are also able to act for you and give you legal advice if you are purchasing a Property which already has a Tenant/s living at the Property.

If you are purchasing with a mortgage, then we will also be able to act for your Mortgage Lender and apply for any searches they require are carried out at the Property.  Alternatively, if your Mortgage Lender is happy for us to do so, we can apply for Search Insurance instead which can often be cheaper and a more efficient way to progress the transaction.

If you are purchasing through a Company and are obtaining a mortgage, then we can help.  We liaise closely with our Company and Commercial Department who are able to assist in providing legal advice on Personal Guarantees required by the Mortgage Lender, floating charges and assisting with board resolutions for approving the mortgage.  Our Company and Commercial Department will also be able to carry out the necessary searches which Mortgage Lenders require to be taken out on your Company and also to register the mortgage charge at Companies House on completion.  Our close links with our Company and Commercial Department means we can make the process more efficient.  Mortgage Lenders are often happy for our Company Commercial Department to provide any Independent Legal Advice required as required in the mortgage offer, which means you will not have to instruct a second firm to do this for you.

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    London
    60 St Martins Lane, Covent Garden, London WC2N 4JS
    +44 (0) 203 755 0557

    Camberley
    Building 2  Watchmoor Park, Riverside Way, Camberley, Surrey  GU15 3YL
    +44 (0)1276 686 222

    Wokingham (Appointment only)
    4 The Courtyard, Denmark Street, Wokingham, Berkshire RG40 2AZ
    +44 (0)118 977 4045

    info@herrington-carmichael.com

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