April 2024

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Mortgage in Principle: Your Key to Homeownership

Are you contemplating stepping into the realm of homeownership? If so, you've likely encountered the term "Mortgage in Principle" or "Agreement in Principle" during your research. But what exactly is it, and why is it important? Let's delve into the world of mortgages and uncover the significance of obtaining a Mortgage in Principle when buying a house.Understanding Mortgage in PrincipleAt its core, a...

Embarking on the Journey of First-Time Landlordship: Key Tips for Success

Stepping into the realm of landlordship can be both thrilling and daunting, particularly for newcomers. Whether you're renting out a property for the first time or expanding your property portfolio, there are crucial steps to take and valuable tips to heed to ensure a smooth and successful experience. Here are some top tips for first-time landlords from the number one estate agents billericay high street...

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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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