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Yes. You must get permission from you mortgage lender before you can let your property, and they may impose special conditions. If you are buying a property with the intention of letting it out, you can obtain a buy to let mortgage.
When we carry out a free valuation of your rental property, we will look at a number of factors to ensure the rent is set at an achievable and realistic figure.
At Savill Andrews, we would always advise that you to have an Inventory carried out. This not only protects you but the tenant as well. The Inventory contains a complete schedule of the condition of the property along with supporting photos which is then compared to a Check Out report at the end of the tenancy. Any damages, neglect or disrepair above fair wear and tear will be claimed for against the deposit. Each Inventory and Check Out it specific to a tenancy so cannot be used as evidence for future tenancies should you wish to claim against the deposit.
Every property that you intend to rent out is required to have a current gas safety certificate, full electrical installation condition report and EPC.

If your property has a working fireplace or oil boiler, updated certificates must be provided to agent. These certificates will be supplied to your tenant at commencement of the tenancy and the landlord will be liable for keeping these in date throughout the term of the tenancy.
If your tenant requires any items to be repaired, we first look to see whose responsibility it is. Should this fall to the landlord we will arrange for a contractor to take a look. If the repairs can be completed for under £150.00 they will be instructed to carry this out and the money will be deducted from the rental income. If the repairs should cost more, we will always contact you first. If the repair costs more than one months rent we will ask you to pay the invoice directly.