Here at Winston Solicitors, we can act for you if you decide to buy property for investment purposes.

How to plan your buy to let purchase

You will need to plan your buy to let purchase carefully. This will involve:

Choosing a mortgage broker/financial advisor

Ask friends or colleagues to recommend a mortgage broker or financial advisor or contact your bank or building society directly. They should be able to discuss the affordable options with you and help you choose the best mortgage to suit you.

Obtaining tax advice

You will be liable to pay Stamp Duty Land Tax at the higher rate if you will own more than one property on completion. Your conveyancer will complete the Land Transaction Return (Stamp Duty Land Tax Form) for you to sign, based on the information that you provide. If you think that you do not need to pay the higher rate, you should obtain specialist tax advice from an accountant or financial advisor.
You should also ask your accountant or financial advisor to provide income tax advice and capital gains tax advice.

Choosing the right property

Think carefully before choosing a property to invest in. Would you prefer a newer property or an older property? An older property might give you the opportunity to add more value.
If the property is let, or is going to be let, to more than three people who are not from the same family, it will be a House in Multiple Occupation (HMO). You will need to comply with all the rules and regulations relating to HMOs. Some lenders will not lend on HMOs.

For you conveyancing needs call 0113 320 5000

Check your lender’s requirements

Your lender will impose additional “Buy to Let” conditions, which will include conditions relating to the type of tenancy agreement and the nature of the tenant. For example, some lenders will not lend on HMOs (see above) or on student lets, and many lenders will require short term assured shorthold tenancy agreements. You should check your lender’s requirements with your mortgage broker/financial advisor or your lender.

Choosing a surveyor

Ask friends or colleagues to recommend a surveyor. Your surveyor will be able to carry out a survey and tell you how much rent the property is likely to yield.

Considering existing tenancy agreements

Any existing tenancy agreement must comply with the lender’s requirements. Any deposit paid by the tenant must be registered with an approved deposit protection scheme.
Up to date gas certificates and electrical certificates must be supplied.
All other relevant rules and regulations must be complied with.
Your conveyancer will raise appropriate tenancy enquiries and will discuss the replies with you.

Budgeting for costs and fees

You will need to budget for all the costs and fees relating to your investment purchase, including your survey fees, mortgage broker’s fees (if any), buy to let property insurance, legal fees and stamp duty land tax.

To speak to us about our conveyancing service call 0113 320 5000

Choosing and communicating with your conveyancer

Speak to family, friends and colleagues, to see if they can recommend a good conveyancer. You need to have confidence in your conveyancer. A good conveyancer will ensure that the process is as smooth as possible but will also raise all necessary enquiries. The process will involve form filling, document signing, telephone calls and emails.

You will be speaking to your conveyancer a lot during the process. Your conveyancer will be able to reassure you and address any concerns that you have.

When you are purchasing a property it is advisable to make or update your will to ensure any assets in your estate are distributed as you choose.

Ask for a free conveyancing quote by calling our conveyancing team on 0113 320 5000.

Contact Samantha today

Samantha Robertson-Strong

Conveyancing Executive

0113 320 5000

@email

Read our 2,576 reviews

Winston Solicitors reviews

Laura Moore was absolutely excellent in our sale and purchase that completed in November 2023. She was professional, efficient and helpful throughout a very stressful process and we have since recommended her to family and friends. Thanks again Laura.

Samantha a
Sidraa was absolutely fantastic from start to finish in the sale of my property.
Very professional and always available. Highly recommended.

Anonymous
The conveyancing team, led by Samantha Robertson Strong, provided an excellent service. I was most impressed by the timeliness of responses and the regular progress updates.
Winston Solicitors was recommended to me by a friend, and I will be happy to also recommend them.

Sally
The service provided is impeccable. Sidraa is very thorough and helped the process become very easy and helped me throughout the way.

Sabreena H
Very helpful. Good clear explantions. Pleasure to deal with.

Carole
Absolutely amazing. Very supportive and kept us in the loop throughout the whole process. I cannot recommend Leasa enough!!!

Hester
Leasa was very professional and responsive throughout our house move. Reassuring attention to detail and kept us up to date with progress regularly.

Mr &amp; M
Would highly recommend Laura Moore as a conveyancing solicitor. Throughout both sale and purchasing a property she was diligent and efficient. Excellent communication throughout the whole process and she always responded to queries in a timely fashion and was always happy to talk through any queries on the phone.

Nicola
Sidraa's professionalism was great.
From start to finish I had a very pleasant and smooth experience
Communication was spot on and always available for any queries or questions.
Highly recommended.

Anonymous
The best solicitors you will ever come across, dealt with Abby Howard who went above and beyond, amazing service will highly recommend, you won’t be disappointed.

Zaied
Thanks to Leasa and Julie for doing such an efficient job! Professional and highly recommended.

Paula
I would like to thank the team at Winston Solicitors. They made a potentially upsetting experience very smooth and straightforward. The team answered our questions extremely quickly and were very efficient. I would recommend their services.

Suzanne
Winston Solicitors have done the conveyancing for my recent move, and they have been great. The buyer was slow and difficult but Joe was patient and proactive through the whole process. I highly reccomend them.

Patricia
I have recently used Winston's for the purchase of a property. I was very impressed with Leasa as she acted swiftly and effectively throughout the whole process. Her attention to detail meant my interests were always protected and any questions I had we're answered fully and clearly.

Mr McFarlane
From start to finish we have been informed and reassured. As first time buyers it’s great to feel like you’re in safe hands.

Anonymous
As a representative of Winstons solicitors, Sidraa's work relating to our house sale and purchase of another has been excellent. Her attention to detail has been exemplary and her tenacity in extracting the required responses from other parties has been outstanding.

Julie