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Understanding Additional Fees When Buying a Home in the UK

Buying a home is one of the most significant financial commitments many people will make in their lives. While the price tag on the property is the most obvious cost, several additional fees can significantly impact the overall expenditure. Being aware of these fees is crucial for effective financial planning and ensuring a smooth home-buying process. This blog will explore the various additional costs...

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Understanding the Housing Market Crash and Its Impact on Buyers and Sellers

The housing market is a critical component of the broader economy, influencing everything from personal wealth to the stability of financial systems. A crash in this market can have profound effects on individuals and families looking to buy or sell a house. This blog will explore the causes of a housing market crash, its implications, and strategies for navigating such a tumultuous environment. Causes...

Selling Your House Yourself: Is It Possible?

Selling a house is often seen as a complex and stressful process, typically handled by real estate agents who are well-versed in market trends, legal requirements, and negotiation tactics. However, with the right preparation and knowledge, it is entirely possible to sell your house yourself. This approach, known as For Sale By Owner (FSBO), can save you a significant amount of money on agent commissions,...

Understanding Conveyancing Fees: Your Guide From Billericay Estate Agents

Buying or selling a property is an exciting journey, but it can also be a complex process filled with legalities and fees that may seem overwhelming at first. One of the most critical aspects of this process is conveyancing—the legal transfer of property ownership from one party to another. To help you navigate this crucial step, Billericay Estate Agents have put together this comprehensive guide to...

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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...

First-Time Landlords: 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...

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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,...

Your Guide to Finding the Perfect Estate Agent

Selecting the right estate agent is vital when purchasing or selling a property. They can either streamline the process or turn it into a stressful ordeal. This guide aims to provide you with the steps to find the best estate agent for your requirements.Research Local Estate Agents:Begin by researching local estate agents in your vicinity. Look for agents with a reputable track record of successful...

The Simple Guide To A Stress-Free Moving Experience

Moving house, the phrase alone can conjure up images of chaos, endless packing, and stress levels soaring off the charts. But fear not, for a stress-free move is not merely a pipe dream. With careful planning, a sprinkle of organisation, and a dash of positivity, you can navigate the journey to your new abode with ease. To help you make the most out of this exciting experience, we have put together a...

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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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