March 18, 2024

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UK Housing Market Surges with 1.5% Price Increase

The UK housing market is making waves once again, with a significant surge in prices capturing headlines. According to recent data from property website Rightmove, house prices have jumped by 1.5%, marking the most substantial increase in the past 10 months. This surge comes on the heels of a relatively subdued period in 2023, indicating a renewed vigour in the market. One of the key drivers behind this...

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How Much Are Average Solicitor Fees? Understanding the Costs of Legal Services

When navigating the complex legal landscape, whether it's for buying a property, drafting a will, or settling a dispute, one of the most pressing concerns for individuals and businesses alike is understanding the costs involved. Solicitor fees, often shrouded in mystery, can vary widely depending on a multitude of factors. In this comprehensive guide, we'll delve into the intricacies of solicitor fees,...

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Landlord Fees

One Months Rent plus VAT (of the achieved monthly rent)

  • Advertising and marketing
  • Arrangement of required safety and compliance certificates
  • Accompanied viewings
  • Negotiating tenancy offers
  • Full credit/reference checking of potential tenants
  • Collecting first months rent and deposit from the tenant
  • Arranging signature of the tenancy agreement by the tenant
  • Provide copy documentation to landlord and tenant
  • Provide tenant with method of payment information for future rents

Set-up fee 60% inc VAT (of the achieved first first months rent)

Rent Collection Fee 8% inc VAT per calendar month, gross rents due.

  • Advertising and marketing
  • Arrangement of required safety and compliance certificates
  • Accompanied viewings
  • Negotiating tenancy offers
  • Full credit/reference checking of potential tenants
  • Collecting first months rent and deposit from the tenant
  • Arranging signature of the tenancy agreement
  • Collect and remit the monthly rent received
  • Deduct commission and other works
  • Pursue non-payment of rent and provide advice on rent arrears actions
  • Make any HMRC deduction and provide tenant with the NRL8 (if relevant)
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