Landlord Conveyancing Solicitors

Liverpool Solicitors Advising Landlords Buying And Selling Residential Property

When it comes to buying a property with the intention of letting it out, legal advice from solicitors with knowledge of the local area and experience of similar property transactions can be critically important in safeguarding the prospective landlord’s interests. A landlord may face service charges on the property which are their own rather than the tenant’s responsibility. Alternatively, there may be restrictions on the use of property (known as restrictive covenants), which are essentially an obligation not to do something with the property, including letting it out. Otherwise there may be charges due to the freeholder for permission to do so.

Bartletts Solicitors based in Liverpool city centre offers a transparent fixed fee residential conveyancing service for landlords seeking to buy or sell a property in Liverpool and Merseyside. Our decades of experience and local knowledge will help ensure that you complete the purchase or sale of your property as quickly and economically as possible - and with the minimum of fuss.

  • Stamp Duty Tax Issues For Liverpool Landlords
  • How Should A Landlord Buy Or Sell A Residential Property?
  • Issues To Consider When Buying A Tenanted Residential Property In Liverpool
A conveyancing solicitor will also be able to advise landlords on Stamp Duty Land Tax (SDLT) issues related to their intended purchase. Since April 2016, individuals, companies and trusts are obliged to pay a higher rate (currently 3% extra) on the purchase of additional residential properties. However, there are certain exemptions and methods of reducing a landlord’s exposure to SDLT which an experienced solicitor will be able to advise on. For further information on this topic please see our dedicated page: Residential Stamp Duty Rules On Second Homes.
A prospective landlord will also need to decide on whether they are going to purchase a property as an individual, or through a company or trust, which can have important consequences for the landlord’s annual tax liability. For example, the total cost of SDLT may be different, as may the tax due on rental income, due to lower corporation and dividend tax rates relative to income and capital gains tax. Landlords looking to sell a residential property also need to be aware of the capital gains tax implications. Whether a property is being bought or sold therefore, specialist legal advice can be beneficial in minimising the landlord’s tax exposure.
Further issues arise when a landlord is buying a tenanted property in Liverpool and automatically takes on the existing tenancy agreement, making them the landlord of the existing occupiers. The buyer will need to check that the terms of the tenancy agreement are legally valid and carry out safety checks on the property to ensure that it is suitable to be rented out. Other documents relating to the property will need to be examined to identify any potential hidden problems in the future, such as the buyer’s financial liability for past breaches of covenants. The tenancy deposit will also need to be transferred to the new landlord and protected in an appropriate tenancy deposit scheme.

Our firm offers a transparent fixed fee structure for buying or selling a property in Liverpool and Merseyside at competitive rates, and with no hidden costs. Using a local firm of solicitors can help speed matters up due to the latter’s knowledge of the local area and experience with similar property transactions. Get in touch with Louise Nelson and her team for a no obligation quotation today.

Why Choose Bartletts Solicitors?

Solid Traditional Values Delivered
In A Modern Convenient Manner

Our firm has years of experience of property transfers in the city of Liverpool and across Merseyside.

Law Society Accredited for Conveyancing Quality. Competitive fixed fees, no obligation free quotations and no hidden costs.

Your conveyance will be handled by Louise Nelson, a solicitor with 39 years experience of helping people buy and sell property in Liverpool.

Louise heads a friendly team of experienced conveyancers. Jenny Thomas, Louise Drewry and Lucy Baines have detailed knowledge of the files they work on, meaning when you call you will get prompt answers and updates.

Customer service is very important to us. John Bartlett has been managing the firm for over 40 years and takes customer satisfaction very seriously.

Send Our Residential Conveyancing Team An Enquiry:

Conveyancing Solicitor
Louise Nelson is a Liverpool conveyancing solicitor with 39 years experience. Louise and her team will be happy to offer you a free no obligation quotation over the telephone, via e-mail, or at Marldon Chambers.

Further Information:

Conveyancing Solicitors

All conveyancing and property-related work is supervised by Louise, who has worked as a solicitor for 39 years. Louise has spent her entire career at our firm. Bartletts has earned the Law Society’s Conveyancing Quality accreditation, which is a difficult stamp of approval to obtain. Every property lawyer at the firm is examined and checked by the Law Society every year. Many firms fail to achieve this mark of quality.

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