What is a tenancy agreement?
A tenancy agreement is a formal contract between the landlord (property owner) and the tenant that sets out the terms and expectations of both parties during the time a property is rented.
Tenancy agreements are put in place to protect the rights of the landlord and the tenant so that rules and obligations concerning the let are upheld by both parties.
The agreement will include:
- Names of the landlord, guarantors and tenants
- The agreed rent and payment terms
- Deposit information
- The property address
- Start date
- End date
- The tenant’s and the landlord’s obligations
For long term rental properties in England and Wales the formal name for this agreement is an Assured Shorthold Tenancy or AST.
HOW CAN WE HELP?
Choosing a mortgage is an important financial decision and it’s easier with someone who’s on your side. We work as a whole of market mortgage broker so that you get the best possible choice of mortgages.
DRAKE MORTGAGES ARE EXPERT BUY TO LET MORTGAGE BROKERS
We are perfectly placed to help you find a buy to let mortgage solution that matches your property needs for individuals, families, investors, landlords and Limited Companies.
We are experienced whole of market brokers who can help you get a great holiday let mortgage.
We can also give you access to exclusive schemes and some specialist lenders who don’t deal direct with borrowers. Loans are available to individuals and SPV’s upto 75% and we can help with Scottish properties, mixed use, multi-lets and Airbnb.
Our holiday let mortgage brokers know the lenders and their lending criteria well, enabling us to guide you to the best holiday let mortgage solutions
Bridging loans are one of the most useful, multi-purpose, types of lending solutions available. You can get a bridging loan approved on almost any property for almost any reason. Great for auction purchases or snapping up a buy to let bargain.
And we can arrange them really fast.
Development finance is designed to help with the purchase and build costs for a residential development project.
Solutions are available for change of use, ground-up projects, refurbishment or major building work and property extensions.