National Landlords Association
www.landlords.org.uk
www.landlords.org.uk
Professional Practice For Profit
 The campaign aims to:
- Highlight the importance of operating as a business, regardless of
your portfolio size
- Help you maximise your profit margins
 Today we will be looking at how you could go
about making the right investment
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Is now a good time to invest?
 Property prices
 Mortgage market
 Interest rates
 Available capital
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Considerations before purchase
 How are you going to acquire the property?
 Estate agent sale
 Private sale
 Auction sale
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Considerations before purchase
 Know the area
- What is the area demographic?
- What are the local amenities?
- How does the property compare to neighbouring properties?
- Are you familiar with the local authority?
 Know the market
- Who is your target market?
- Who would be interested in the property and the area?
- What are your ideal tenants looking for in their home?
- What is the standard rent level?
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Considerations before purchase
 Is there potential to add value to the property?
 - Renovation
- Extension
- Energy efficiency
- Redecoration
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Considerations before purchase
 Are there council imposed restrictions?
- Article 4 Directions (England)
- Selective Licensing (England and Wales)
- Additional Licensing (England and Wales)
 How could they affect you?
- Could reduce the number of lenders willing to offer a mortgage on
the property
- Lenders could increase terms and conditions
- Could add additional costs to your budget
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Considerations before purchase
 Is the property leasehold?
- Check the lease
- What are the restrictions?
- Do you need prior consent to let?
- Consider your insurance
Failure to adhere to the provisions in the lease can have
difficult and expensive consequences for the leaseholder
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Look before you let
 Commercial and
residential property
practice
 15% discount for Full NLA
Members




Exclusive to NLA Full Members
Complete service
Simple to use website
Fixed quote upfront
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Considerations before purchase
 Does the property come with sitting tenants?
- Relatively rare today
- Lower value purchase
- Seek legal advice
 Tenants do not lose their rights
- Binding contract between the tenants and the landlord
- Quiet enjoyment, maintenance and fair rent
 Tenant obligations
- Adhere to the tenancy agreement
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Means of managing a property
 Letting and managing agents
- Letting only
- Letting and rent collection
- Full management
 Self-management
- Confident with the rules and regulations of the sector
- Saves the cost of an agent
- Requires considerable investment of time
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Considerations before purchase
 Conduct due diligence
- understand your risk
- create a business plan and a realistic budget
- know your market and the rules and regulations governing it
- research, research, research
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Make a move
 Talk to a mortgage advisor
 Find a reliable law firm
 Instant results
 Best in market
products, updated daily
 Exclusive offers
 Cash back for NLA Full
Members

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Competitive quotes
No sale, no fee
24 hour case tracking
£100 cash back for Full
NLA Members
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Tips and ideas
 What is your experience of investing?
 What considerations can’t you afford to
overlook?
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And finally…
 For more information
- On points covered in this presentation
- Business advice
- Help with professional development
Visit www.landlords.org.uk/professional-practice
 The NLA Telephone Advice Line can help with
specific questions
- 0207 840 8938 (9am – 5pm, Monday – Friday)
 To join or upgrade your membership
- Speak to your NLA Local Representative
- Contact the NLA Membership Team on 0207 840 8937
- Visit www.landlords.org.uk/membership
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