Honourable and personal residential letting experts

Having buy to let properties is a business investment which requires a clear strategy, objectives and clarity of what type of return you want. At Maxine Lester we understand this and listen to your requirements, review the type of investment you are looking for and what you want to achieve from your rental property.

If it helps, we can visit the potential property with you and advise what you might need to consider to make the property a successful rental, and for you to attract the best tenants.

We are lettings specialists and are here to offer guidance on the current buy to let market trends, help you to pick the best location and type of property in order to maximise your investment. We can take an objective look at your portfolio and give our advice on each property, is it time to refurbish, extend, renovate or even sell. There may be better opportunities within the marketplace that you could consider, or perhaps it’s the right time to expand your portfolio, and we are here to help you do that.

As we do not sell properties, we have no conflict of interest, we just want the best rental return for you, not sale commissions for us. Whether you are considering your first investment property or expanding your portfolio, having up-to-date information about the local rental market is essential to help you make the right investment. If you need someone who understands what works and does not work, and can help you decide on a successful property, then you’ve come to the right place at Maxine Lester.

Top 5 tips for getting the best from rental property

1. Choose the right property

Put your personal tastes aside and seek advice on the best properties to invest in. We are happy to provide this input for you free of charge. We will be able to give you information on what is in demand and steer you away from expensive mistakes.

For some top tips of things to consider, click here

2. Secure the right mortgage

Buy-to-let mortgages are usually very different to a standard one, with the gap between fixed and variable rates not as wide as with residential mortgages. There tends to be a good choice of buy-to-let mortgages available and we can put you in touch with the right people to work with.

Come to one of the seminars we run regularly on the subject. Just use the form below to give us your details and we will advise you when the next seminar is taking place in your area, or call Maxine for an informal chat on 01480 494939

3. Calculate both short and long term returns

Renting tends to be a medium to long term investment, and the expected increase in the property value over the years needs to be considered. Remember to factor in costs that will occur regularly, such as repairs and maintenance, and be clear about what you want out of renting your property. If in doubt, seek expert advice on what yields you can expect to achieve.

4. Decide how you want your portfolio managed

Be honest with yourself: consider the current demands on your time and how much you want to get involved in day-to-day property management, with all the extra hassles this can involve. See our our page showing which of our service packages matches your needs.

5. Decide your exit strategy

Understanding tax implications, and opportunities, before you start is important. Remember that insurance, cleaning, gardening services and any fee paid to us can be offset against tax. However, knowing if, how and when you may sell the property should be considered before you buy. Your account should provide advice on this.