Increased demand for rented properties in the county has led a Cornish firm of solicitors to introduce specialist legal support for buy-to-let investors.
Experts at Coodes 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.”