The buy-to-let process
ESPC Lettings are local lettings experts with in-depth knowledge of the Edinburgh buy-to-let market and can guide you through the entire buy-to-let process.
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Define your buy-to-let budget
It is important to consider all the potential costs involved in purchasing a buy-to-let property, from legal fees to property tax. If a mortgage is required, we recommend that you chat to a mortgage advisor, such as ESPC Mortgages to identify how much you can afford to borrow and obtain an agreement in principle.
Identify your target tenant
Identifying the best area to purchase a buy-to-let property can be tricky. However, with our access to in-depth ESPC data and local marketing knowledge, we can help you decide which type of tenant you would like to attract and where the best areas are for them.
Search for your buy-to-let property
This is where ESPC can help. ESPC advertises properties 72 hours before other property portals and you can sign up to My ESPC to get property alerts for your specified areas direct to your inbox. This means you can get ahead of the game when a property that meets your requirements comes to the market.
Choose a buy-to-let property
When choosing a property, take a detailed look at the Home Report before going to view the property to ensure you are fully aware of the condition of the property. The Home Report will highlight things such as the age of the boiler, the condition of the exterior and windows and any immediate work which may be required. This will allow you to budget for the future.
Buy a property
an ESPC solicitor estate agent will be able to help you with every step of buying your property. They have in-depth market knowledge and data and will help advise you about the right offer to make on a property. They will also be able to take you through the full legal process of buying a home.
Preparing your property to rent
You've purchased your property - hooray! The next step is to prepare it for rental. You should consider how to maximise rent and your legal requirements.
If you're asking yourself "Is a buy-to-let worth it?", you can find out how much you could earn by using our simple buy-to-let rental yield calculator.
FIND OUT MORE ABOUT OUR PROPERTY MANAGEMENT SERVICES
If your property requires renovating, we can work with you and project manage any required refurbishments. We arrange all required safety checks to ensure your property meets current rental legislation.
We will help you build and develop your portfolio with continued buy-to-let advice, reviewing performance regularly to ensure you are getting the best return.
Get started with ESPC Lettings
To organise a free buy-to-let marketing and management proposal meeting, contact us today on 0131 253 2847 or fill out our contact form below.
We are members of Money Shield, you can find out more information about them here.
Scottish Letting Agent Register
ESPC (UK) Ltd - LARN1904080
ESPC Lettings are accredited with Landlord Accreditation Scotland.
ESPC Lettings are a member of Propertymark, a client money protection provider. Further details on their conduct and membership rules can be found here.
