Landlords

With the average house price in Devon costing over £200,000 and mortgage companies making it harder to obtain credit, it is easy to understand why the Lettings market in Devon is booming. Busy careers and the desire to travel extensively also mean that the average age of first-time buyers is increasing.

Why buy to let?

Over time, property is a sound bet for a good return on investment. The home you purchased ten years ago is likely to have risen in value way above the normal rate of inflation and in some cases prices have doubled over that period!

Investing in property therefore, can be worthwhile, and if you rent out the property, provided the market rental will cover your monthly mortgage payments, you have a safe return on your investment.

With more people renting rather than buying you shouldn't have much trouble finding tenants, but it's worth checking beforehand that you're not purchasing a property in an area that already has more supply than demand. Avante Estate Agents Ltd, have applicants waiting for certain areas and can help you here!

It's also easier now to evict troublesome tenants. The 1988 Housing Act has given landlords more power to evict repeat offenders.

Investment or Income?

The Association of Residential Letting Agents (ARLA) estimates that, as a landlord, you should be able to claim gross rent equivalent to between 130% and 150% of the property's mortgage repayments (interest only).

Avante Estate Agents Ltd your local Letting Agent for Exeter, Newton Abbot, Okehampton and Mid Devon.

Avante Estate Agents Ltd Sales Department have property on our books that will be suitable for rental. We can therefore show you some properties if you register with us and or send us an email to sales@avantedevon.co.uk.

Most Letting agents charge around 10%-15% of the agreed rent, but here at Avante Estate Agents Ltd we will only charge 10% for property management and 8% of first six months rent plus £200 administration for tenant find only.

Avante Estate Agents Ltd, are a member of the NAEA which means that we are joined with a bonding scheme, which will protect not only your rent but also your tenants' deposits and also we use an insurance deposit scheme which again provides further protection by way of monthly guaranteed rental income. Again please contact us for further information on lettings@avantedevon.co.uk or telephone one of our local area numbers.

Your responsibilities

We have relevant information on your responsibilities as Landlords and we are here to offer advice and assistance so please give us a call or email us with your enquiry to lettings@avantedevon.co.uk.