OUR FEES
We strive to be transparent and upfront about any possible fees that may be payable
SELLER FEES
Standard Sale
We are predominantly a Sole Selling Rights Agency which means we do no share a sale or fee with another agent. Our seller’s fee will either be based on a percentage of the completed sale value or be an agreed fixed fee (regardless of the final sale value). Our percentage will vary depending on the property value. The fixed fee is negotiable and from time to time may be based on a promotion.
OTHER FEES
Energy Performance Certificate £150.00
TENANT FEES
These are the fees which we are entitled to charge you under the Tenant Fees Act 2019 and applies to all assured shorthold tenancies signed after 1st June 2019.
MAXIMUM DEPOSIT AMOUNT PER TENANCY
Where the rent is less than £50,000 per annum – five weeks rent
Where the rent is £50,000 per annum or more – six weeks rent
UNPAID RENT
If rent is unpaid for more than 14 days, interest will be payable at 3% per annum above the Bank of England base rate, until the rent is paid.
LOST KEYS OR SECURITY DEVICES
You will be liable for the actual cost of replacing any keys or other security devices, or, if the locks need to be changed you will be responsible for the actual locksmith’s costs together with the costs of the new lock and replacement keys. If extra costs are incurred there will be a charge of £15 per hour (including VAT) for the time taken replacing lost keys or other security devices.
TENANCY VARIATION
If you request any variation to the terms of the tenancy agreement after it has been signed, we are entitled to make a charge of £50 (inclusive of VAT) per agreed variation.
CHANGE OF TENANT
If you request a change to the named tenants in your tenancy agreement then, if we agree to this, we shall be entitled to charge a fee of £50 (inclusive of VAT) or our reasonable expenses incurred in doing this if these are higher than £50.
(Reasonable expenses would include the cost of taking the landlord’s instructions, referencing the new tenant, carrying out a Right-to-Rent check, dealing with deposit registration, creating a new inventory and the preparation and signature of new legal documents).
ENDING THE TENANCY EARLY
If you want to end your tenancy before the end of the fixed term, then you will be responsible for the landlord’s reasonable costs of reletting the property as well as all rent due under the tenancy until the start of any new replacement tenancy. However, our costs and rent combined cannot be more than the total of the remaining rent due under the tenancy.
_____________________________________
Company Let Fees
APPLICATION & REFERENCE – £174
TENANCY AGREEMENT – £160
Payment Types
Online bank transfers
All fees, rents and deposits can be paid by transfer
Cheque payments
We can only accept bank drafts, not personal or company cheques
Cash payments
Payments by cash are subject to a fee of 1% of cash value
LANDLORD FEES
TENANT FIND
Find the best tenant for you and your property
Full compliance assessment
Advertise on our website
Advertise on online portals Rightmove and OnTheMarket
Deal with all enquiries
Organise viewings
Credit checks, references, Right-To-Rent checks & assessments
Tenancy agreement preparation & signing
Service of Prescribed Information & appropriate notices and documents as tenancy begins
Property hand-over
Collection & payment of first month’s rent and deposit
FEES
Monthly charge £0.00
Letting fee £696 inc vat (this is charged at the start of each new tenancy and includes Tenant Referencing, an Inventory (unfurnished) and the Tenancy Agreement)
Note: Rent guarantee is not available with this option
MANAGEMENT (Standard)
All “TENANT FIND” features plus
Hold and protect the deposit
Notify and deal with Utility Companies
Collect and process rent
HMRC compliant statements & reporting
24/7 online repair reporting for tenants
Manage repairs reported by tenants
Contractor payments
Rent reviews
Periodic property visits & inspections
FEES
Monthly charge 10% plus vat (12%)
Letting fee £396 inc vat (this is charged at the start of each new tenancy)
Landlord Online Portal £45 inc vat (per annum)
Inventory & Check out combined fee £144 inc vat (this is charged at the start of each new tenancy)
MANAGEMENT (Ultimate)
All “TENANT FIND” and “MANAGEMENT” features plus
Rent guarantee - When tenants cannot or will not pay you are fully protected against rent arrears. Refer to our Rent Guarantee Fact Sheet for more details.
Legal expenses covered if incurred during tenant eviction - All your legal costs are covered for any tenancy breach resulting in grounds for possession. Refer to our Rent Guarantee Fact Sheet for more details.
Landlord Online Portal - Access to online documents, accounts, statements, repairs and more….
Inventory (unfurnished) - Done just before the start of each new tenancy
Check out - Done at the end of each tenancy
FEES
Monthly charge 12.5% plus vat (15%)
Letting fee £396 inc vat (this is charged at the start of each new tenancy
______________________________
ADDITIONAL FEES
These charges only apply if not included in the schemes above
Rent guarantee 3% plus vat (when tenants cannot or will not pay you are protected not only from rent arrears but also from any tenancy breach resulting in legal process and rent will be paid for 15 months or until vacant possession is gained, whichever is sooner, plus 75% of rent paid for up to 3 months after vacant possession is obtained. Refer to our Rent Guarantee Fact Sheet for more details)
Tenant reference £60 inc vat (guarantor £30 inc vat)
Tenancy agreement £180 inc vat
NRL tax collection £60 inc vat (annual charge for clients residing overseas)
Paper statements by post £42 inc vat (annual charge)
Landlord Online Portal £45 inc vat (annual charge)
Service of legal notice £120 inc vat
Check out fee £120 inc vat (carried out at the end of each tenancy)
Early agency termination fee £600 inc vat if during fixed term (min period 12 months), withdrawal fee (if periodic) £240 inc vat
______________________________
Note: unless otherwise stated, a fee expressed as a percentage is calculated as a percentage of the monthly rent
REFERRAL FEES
A referral fee is any commission, payment, fee or other reward we receive from other companies in return for recommending their services to you. We believe you should know how much we stand to receive each time we make a referral and whether these companies are connected to us. This way, you can make an informed decision whether to use them or use a company of your own choice.
We may receive a referral fee from the solicitor we source for your conveyancing process, up to a maximum of £175. This fee is paid by the solicitor and does not affect the conveyancing charges.
We may also receive a referral fee from Infinity Financial Advice for recommending their services, but this will not impact your charges or the products they offer. Our average referral fee for recent cases is £150.
The same principle applies for any other referral we might receive. When we agree a referral fee we ensure that it the does not affect the actual fee charged by the supplier. It is paid to us as an intermediary for saving them marketing costs.
If you have any queries, please feel free to contact us.