Conveyancing news: ARLA gives buy-to-let tips

Those who are searching for conveyancing solicitors so that they can purchase a property to let out to tenants have been given some useful advice.

The Association of Residential Letting Agents (ARLA) said that doing this can be a wise option, as the average weighted rental returns for houses and flats are about five per cent, more than the savings returns on cash Isas and savings.

With this in mind, if those looking for cheap conveyancing want to take advantage of this sector, they should first make sure that they do enough research so that their money is well-looked after. People have also been told to look at the best region to buy a property in.

Ian Potter, ARLA operations manager, said: "Buy-to-let properties can prove to be a sensible, long-term investment, but consumers must do their research first in order to achieve success. Becoming a buy-to-let landlord is a decision which must not be taken lightly."

In addition, ARLA recently welcomed the inclusion of alterations to the Stamp Duty in this year's Budget, which it said would help the private rental sector.

Published by Hannah Carr