A buy-to-let is a property that has been bought with the specific intention of renting it out. However, property sourcers and investors more commonly refer to buy-to-lets as houses or flats that are let to tenants from a single residential household as their main home. A single household can be one person, a couple, or a family. Where there are multiple households in the same property, this would be classified as an HMO.
Buy-to-let is one of the simplest and most passive property investment strategies. It can be good for either long-term investments for capital growth or income generation, depending on the area. Buy-to-let property sourcing is popular with people who want packaged property deals in areas with the highest capital growth. Investors across the UK and overseas use property sourcing agents so they do not have to travel to the area themselves.
Investors looking for buy-to-lets for the purpose of income generation use property sourcers to find and package deals in areas with the best yields. This means they will get a higher rate of return on their investment, usually because house prices are low in proportion to rents.
In addition to saving you time, a good property sourcing agent can provide insight on which properties and areas will make good Buy-to-Let investments, and which won’t!
Would you like a sourcing agent to find you a Buy-to-Let property deal?
Why not post a request with your ideal investment criteria on Wherewith? Our property sourcing agents can get in touch and let you know about their available deals or seek out a property that matches your requirements.
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