Buy To Let Solicitors

SDLT if you buy A Buy To Let property then you will pay the second home charge if you buy through a limited company.

This charge is three Percent of the purchase price. It is in addition to the normal rates for SDLT of 2% between £125,000 and £250,000 and 5% over £250,000. In certain circumstances if you buy for over £500,000 you will pay SDLT at 15% of the purchase price.

You will pay the Second Home Charge even if this is the first property that the limited company is buying.

Do you need permission to let your property?

If you buy a freehold Property then normally speaking you will not need permission to rent your property. This means that almost all houses can be left without the consent of any third-party. However sometimes there is a restrictive covenant against letting the property On a multiple basis. This might mean that HMOs are prohibited. This is in addition to any restriction on HMOs from the local authority.
If you let out A flat then the lease will need to be checked for any restrictions. It is highly unlikely that lettings would be forbidden. Sometimes however there is a need to obtain consent to the individual letting and a fee will be demanded. In addition there may be restrictions on the type of letting for instance not HMOs or students.
If your property is a shared ownership and you have not staircased up to 100% then you will not be able to let.

The need for an EPC

Generally any property that is rented out will require an EPC- Energy Performance Certificate. Any EPC that is obtained will last for ten years. It must be renewed after that time. However during that time it can be used repeatedly.

Minimum Energy Requirements. From 1st April 2018 the minimum energy efficiency standard (MEES) is in force

Under this standard any rented property must have a minimum rating of E unless an exemption is obtained. Time for implementation varies. Any new Tenancy that starts after 1st April 2018 must have that rating. For tenancies that started before the 1st April 2018 landlords will have until the 1st April 2020 to obtain a rating of E.
In all cases you may be able to apply for an exemption. There is a “ cost cap.” You will never be required to spend more than £3500 inc VAT to improve to E. If you spend up to that sum and you cannot get the property to rating E then you can register an “all improvements made” exemption. More details on www.gov.uk Domestic private rented property: minimum energy efficiency standard- landlord guidance.

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For a payment of £60.00 including VAT upon instruction, you can rest assured that should your conveyancing transaction fall through, for whatever reason, you will not be charged any solicitors fees. This fee is payable per transaction and therefore if you had a sale and purchase with us you would need to pay £60.00 for each.

Should your sale or purchase fall through without having taken the No Move/No Fee option we will charge a fee as is reasonable for the amount of work done by that stage.

A discount of £20.00 plus VAT (£24.00) is available on all transactions if you are one of the following:

First Time Buyer
Cash Buyer
Buy to let Landlord
Previous client (where we acted for over the last 3 years)
If you qualify for this discount, simply deduct this amount from your total online quote and advise us of your circumstances on instruction.

Terms and Conditions

Only one deduction per transaction (e.g if both cash buyer and buy to let landlord we deduct £24.00).

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