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Could buying-to-let in Skipton get you more from your savings?

Could buying-to-let in Skipton get you more from your savings?

Published at 3:40pm 28th August 2018. (Updated at 8:35am 29th August 2018)

Belvoir! Lettings Skipton Promoted by
Belvoir! Lettings Skipton

With interest rates so low, your money might not be working as hard as it should be sitting in the bank. 

Investing in a buy-to-let property could see better return. As well as rental return, with house prices rising in desirable areas like Skipton, your investment might also see capital return. 

Must haves!

So what kind of property is easiest to let?

Belvoir Lettings recommend a well presented, two or three bedroom terrace property. 

Modern kitchen and modern bathrooms are desirable, with neutral decor throughout the house. 

Nearby transport links and a diverse range of employers are a sure fire way to ensure you get high quality tenants. 

You're also more likely to let a property if it has good parking. 

 

Try to avoid...

New laws make it illegal to let a property with an EPC certificate less than Rating 'E'. So if you're buying a property, make sure it has double glazing, good insulation and efficient heating. 

Areas with one main employer put you at higher risk, since if the company goes under you could struggle to find find new tenants.

 

Find out more

There's a wealth of general information available on line, but for local knowledge and confidence that you're buying a well suited property for your area, your best bet is to speak to a letting agent. 

 

 

Belvoir Lettings have an office in Skipton and will happily talk you through all the properties they'll confidently be able to let for you. 

Beth Parsons spoke to Daniel Johnson, the manager of Belvoir Lettings in Skipton, about what to consider when choosing a buy-to-let property:

 

 

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