A survey of 186 buy-to-let property investors, commissioned by Heritable Bank, found that legal support and a reliable financial adviser were the top two key services.
Other indispensable professional people cited were managing agents, who got 17 per cent of the vote, estate agents, with 11 per cent, accountants, who received eight per cent of the vote and architects, who were viewed as vital by six percent of those asked.
Most landlords-to-be found that the local authority was usually less than helpful, with just two per cent of those asked seeing council departments as vital.
In terms of work within the property, 35 per cent were lost without a reliable builder while plumbers and painter-decorators were indispensable to 19 per cent of people. Electricians were the most important of all tradespeople for 13 per cent, while seven per cent of respondents would rely on a carpenter above all others.
Mark Sismey-Durrant, chief executive of Heritable Bank, said: “No-one can build a successful portfolio without the right support in key areas and it’s interesting to see which services property investors depend on most.”
Earlier this week, Firstrung, which provides advice to buy-to-let landlords, warned that many may be heading into the market before they properly know what they are letting themselves in for.
Adfero Ltd
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