News Archive for August 2021

Grant for Landlords

The focus of the Chancellor Rishi Sunak has been on assisting business earnings, but for most property is an investment that income is made off. But there is a light at the end of the tunnel for those who are listed as self-employed or a member of a partnership. If you can prove you have been impacted by the coronavirus (COVID-19) then you can make a claim for the loss in profit between the 1st of May 2021 and 30th of September 2021.

Written by: Toby Dawson

Debt Respite Scheme

Tenant debt and Landlord expenses have been a heavy talking point, even more so now that legislation is being drafted to come into effect on the 4th of May 2021 which will completely tie the hands of landlords who are facing the issue of non paying tenants.

Written by: Toby Dawson

Housing Court Reform

Ministry of Justice (MoJ) figures are showing an average wait time of 60 weeks for a landlord to gain possession, prior to the pandemic this was closer to 20 weeks. A large portion of this is the increased notice period, with the average time from claim to repossession being recorded at 21.1 weeks according to Propertymark. As restrictions have been lifted there should be a stronger movement forward through the cases, but it has created a lack of faith in the system for landlords. Many estate agents through Propertymark have called for a reform of the law and a dedicated housing court.

Written by: Toby Dawson

Valuations

We would be happy to value your property without obligation or charge. Our knowledgeable & experienced team will provide you with an honest & accurate market appraisal of your property based on market trends. We can also offer advice on current legislation and how best to present your property to prospective tenants & purchasers.

Specialist Marketing

Good marketing begins with appealing images, an accurate floorplan and an appropriate description with supporting information. In order to ensure full exposure, as well as on our own web site, we advertise on the major property portals, social media and other selected mediums. Once we have these solid foundations, our talented and experienced sales team takes over!.

Property Management

We offer a very polished and thorough management service. We are able to deal with all aspects of the day to day running of your tenancy on your behalf and are able to advise on contractual and legislative matters in what has become an increasingly complex contractual and legislative environment.

Project Management, Design & Build

We offer a complete service and are able to deal with all aspects of your refurbishment and/or build including; architectural services, planning applications, building control, general contractors, specialised contractors, finishes and management.

Fees

TENANT FEES - NEW ASSURED SHORTHOLD TENANCIES (AST's) SIGNED ON OR AFTER 1 JUNE 2019

Holding Deposit - One week's rent, apportioned to first month's rent

Security Deposit - Five weeks rent if rent per annum below £50,000, six weeks rent if above £50,000

Unpaid Rent - Interest at 3% above the Bank of England Base Rate. Interest will not be applied until the rent is 14 days in arrears.

Lost Keys -  Tenants are liable for the cost of replacing any lost keys and/or security device including the costs of replacing any locks and/or security device if required. 

Changes to the tenancy agreement (Tenant's Request) - £50 inc. VAT (or reasonable costs if higher). 

Early Surrender of tenancy (Tenant's Request) - Should a tenant require an early surrender of their tenancy and should the landlord agree, the tenant will remain liable for the rent due under the tenancy until the date a new tenant takes up occupation of the property. The tenant will be required to cover the landlord's costs in connection with the  surrender of the tenancy and the re-letting the property