Increased demand for rented properties in the county has led Coodes to introduce specialist legal support for buy-to-let investors.
Our expert property solicitors have found that buy-to-let clients require wider advice than the straightforward residential property transaction, and have created a dedicated team.
Led by residential property partner Alistair Whyte and Jo Morgan, the buy-to-let team can offer support to anyone planning to invest in property with the view of letting it out.
The team has seen that with vendors keen to sell their property early in a slow market, it’s possible to buy at a reduced price.
This, coupled with favourable income yields compared to return on savings, provides a great investment opportunity – provided you ensure a solid legal framework to protect your buy-to-let.
Alistair Whyte said: “Home ownership is becoming tougher for first-time buyers and this has resulted in a consistent demand for rented property.
“Buy-to-let requires a blend of legal skills, from conveyancing as you purchase a property to protecting your interests as a landlord.
“There are more and more regulations now in the private rented sector, with penalties for failing to comply. We want to support people throughout the process of purchasing a buy-to-let property.”
As well conveyancing support to purchase the property, amongst the services on offer through Coodes Buy-to-Let team are tenancy agreements, advice on planning consent, dispute resolution for landlord and tenant issues and estate planning.
Support ranges from a Landlords Basic Service, from £199 plus VAT, to a Landlords Premium Service, aimed at investors with a number of properties to let.
Having established the largest residential property department in Cornwall, Coodes is accredited with the Law Society’s Conveyancing Quality standard.
The team also has strong links with other professionals involved with buy-to-let property, including banks, building societies and other mortgage lenders, plus local financial advisors.