Are you considering a buy to let property? Our expert team at Church Robinson have the local knowledge to show you the hottest rental spots, advise you on potential rental yields and locate the type of property you’re after. It might be important that it's near transport links, at the heart of the best local amenities or near some planned infrastructure, we can advise you about any new buy to let investment opportunities before they’re even listed online.
The process of acquiring a buy to let property is slightly different to purchasing a typical residential home. The purchase is still part of a conveyancing process but some of the charges and expectations are different. Also consider that being a landlord means you have legal obligations to fulfil. These include things such as carrying out regular safety checks and providing a certain level of living standard throughout the tenancy. With Church Robinson, we're on hand to walk you through every step of the process and to help you with all the rules and regulations you’ll need to adhere to ensuring you remain compliant.
As members of ARLA Propertymark, our company:
* As a Propertymark protected organisation, our Client Money Handling Procedures are covered in Propertymark’s Conduct and Membership Rules at https://www.propertymark.co.uk/media/1045366/conduct-and-membership-rules.pdf
and our membership certificate can be viewed HERE
No Deposit Guarantee Scheme - Security & Protection for landlords
We are now working with Flatfair to offer a no deposit option for tenants. This can replace a traditional tenancy deposit, giving landlords the same cover and protection as having a tenancy deposit in the bank, whilst making renting more affordable for tenants.
Tenants pay the equivalent of one week’s rent for a policy, which is non-refundable and provides you with the equivalent of a 10 week tenancy deposit (tenants can only pay a 5 week deposit on any assured shorthold tenancy under the current legislation). Tenants remain fully accountable for any damages or unpaid rents.
In the event of any financial loss or damage due to you, this is settled by the tenant or if they dispute the claim the evidence is sent for expert adjudication. If found in your favour, Flatfair will settle the claim with you and recover the costs from the tenants directly, along with any associated costs. Non-payment by the tenant at this stage may impact on the tenant's credit history.
Why would landlords choose a Flatfair no deposit scheme instead of a traditional deposit?
OUR LANDLORD FEES
We believe in being completely upfront regarding our fees - so you can manage the cost effectively and don't have to worry about any hidden charges along the way.
All fees shown below are inclusive of VAT.
All services are entered into on a Sole Agency arrangement for 12 weeks
Rent Collection Service – 9.6% inc. VAT
Managed Service – 15% inc. VAT
Rent Guarantee & Legal Protection can be added to our Rent Collection Service and Managed Service at a cost of £30 inc. VAT per month
Each tenancy is subject to a set-up fee equivalent to 78% of the first month’s rent inc. VAT, and includes credit referencing, tenancy agreement, compliance with Right to Rent Legislation and Deposit Registration.
Let Only - First month's achieved rent plus VAT.
A referencing charge will be applied to your account at the cost of £48.00 inc. VAT for each tenant or guarantor named on the tenancy agreement, plus a Depsoit Protection administration fee of £60 inc. VAT.
Inventory and check out costs will be applicable for each tenancy; this includes updating the inventory if required. The cost for the inventory is taken at the start of the tenancy and the cost for the check-out is taken once notice is served towards the end. These costs include VAT and vary dependent upon the size of the property and whether it is Furnished or Unfurnished.
Inventory & Schedule of condition report
|Alterations requested by your solicitor to our standard Tenancy Agreement. (Fee is per hour)
|£60 inc. VAT
|Visits during a void period (Fee is for one visit each fortnight during office hours)
|£72 inc. VAT
|Supervisory fee for refurbishment of the premises (Fee applies to any works over £1,200 inc. VAT but subject to a minimum fee of £120.00 inc. VAT.)
|12% inc. VAT
|Preparation of documentation for TDS adjudication (Fee is plus our reasonable costs and expenses.)
|£120 inc. VAT
|Preparation of documentation for County Court proceedings, attendance at court or any tribunal on your behalf (Fee is per half day plus our reasonable costs and expenses.)
|£240 inc. VAT
|Duplicate statements can be provided to you or your accountant. (Fee is per statement or £120.00 inc. VAT for all the statements covering a tax year.)
|£12 inc. VAT
|Administration for Non-resident landlords without HMRC approval.
|£25 inc. VAT
|Attend the property to allow access to a contractor, where neither you or the tenant can be present (Fee is per hour)
|£25 inc. VAT
|Renewal of each tenancy, a new agreement will be negotiated on your behalf with a new tenancy agreement drafted and issued for signature by all parties to the agreement.
|£180 inc. VAT
|The preparation and serving of any section notices (excluding Section 8). (Fee is per section notice)
|£180 inc. VAT
|Arranging for a residential EPC to be completed.
|£100 inc. VAT
|Jones Robinson Active Care offers complete peace of mind throughout the course of the tenancy and depends upon your heating system. (Fee is chargeable monthly)
|£34.99 to £37.99 inc. VAT
|Land registry check
|£4.80 inc. VAT