Serving County Durham & The North East of England
Are You Looking To Buy a Property To Let?
Why not let Rea Estates Residential Lettings help you find the ideal property to let?
Because Rea Estates Property Management was founded by seasoned property owners we have a wealth of experience and personal understanding of what a landlord really needs.
Our team of Residential Sales Negotiators can show you properties which we currently have for sale which would be suitable for the buy-to-let market. Alternatively many of our clients choose to take advantage of our dedicated property consultant who will source the whole of the local property market on your behalf, view potential properties and negotiate the best purchase price, providing you with an independent rental valuation. This investment consultancy guides potential landlords through all of the stages from purchasing the right property to managing the rental of the property.
Buy-to-let investors require a keen eye for identifying key rental properties within the right geographical area. It is important that you buy the right property for the market. Local knowledge is essential when buy-to-let investing. If you have neither the specialist expertise, local knowledge or indeed sufficient time to do your research, then Rea Estates can take the stress out of the whole process.
Buying a residential property for rental can be a sound investment, offering both a rental income and the potential for capital growth, however investors should be aware that this type of investment should not be considered as a short term option but more of a long term proposition.
Mortgages
Mortgage lenders base their decisions on the rental income from the property. You will need to have a minimum of 15% deposit. There is a choice between interest only and repayment mortgages.
Rea Estates Residential Lettings will assist you with rental figures for your investment. Our financial department will be happy to furnish you with the most suitable mortgage available to your needs.
* Your home may be repossessed if you do not keep up repayments on your mortgage.
