Banner

                                                                                                                                                                                 

The government have announced a new law which means that all landlords of residential properties must have an electrical safety inspection carried out every 5 years. 

 

Landlords and agents will need to ensure electrical installations are inspected and tested for all new tenancies in England from 1 July 2020 or from 1 April 2021 for existing tenancies.

 

It will be similar to a CP12 gas safety check that you currently have done each year for the boiler and any gas appliances, however the electrical check is done every 5 years by a qualified person. The regulations also state that a landlord is required to obtain a report of the results of the inspection and supply it to each tenant within 28 days and retain a copy until the next inspection takes place.

 

Breaches of the regulations could result in financial penalties of up to £30,000.

 

Portable appliances such as kettles and toasters are to be included so PAT testing isn’t mandatory but is good practice to have done.

 

If you have a current and validated certificate already, this will still be valid which means you do not need to obtain a new one.

 

 

We suggest you think about booking in the testing sooner rather than later as we anticipate a large rush close to the deadline and expect electrician’s fees to go up as they become busier with the additional work. If you would like us to help you with arranging a

check please do not hesitate to contact us.

 

 

                                                                                                                                                                                                                              

Lettings Fees

 

Full Management Service

Setup fee (compulsory) - 50% of 1 months rent. Minimum fee of £350 + VAT (£420)

Deposit registration fee (compulsory) - £25 + VAT (£30)

Monthly management fee (compulsory) - 14.4% (inclusive of VAT) of monthly rent

Inventory fee (compulsory) - £75 + VAT (£90)

Renewal fee - £95 + VAT (£114)

Check out fee (compulsory) - £75 + VAT (£90)

Deposit dispute fee - £75 + VAT (£90)

 

Rent Collect Service

Setup fee (compulsory) - 50% of 1 months’ rent. Minimum fee of £350 + VAT (£420)

Deposit registration fee (optional) - £40 + VAT (£48)

Monthly management fee (compulsory) - 7.2% (inclusive of VAT) of monthly rent

Inventory fee (optional) - £75 + VAT (£90)

Renewal fee - £95 + VAT (£114)

Check out fee (only available if inventory option was taken) - £75 + VAT (£90)

Deposit dispute fee (only available if inventory and check out option were taken) - £75 + VAT (£90)

 

Tenant Find Service

Setup fee (compulsory) - 50% of 1 months’ rent. Minimum fee of £400 + VAT (£480)

Deposit registration fee (optional) - £40 + VAT (£48)

Inventory fee (optional) - £95 + VAT (£114)

Renewal fee - £95 + VAT (£114)

Check out fee (only available if inventory option was taken) - £95 + VAT (£114)

Deposit dispute fee (only available if inventory and check out option were taken) - £75 + VAT (£90)

 

Extras

Gas safety certificate CP12 (required by law) - £55 + VAT (£66) - We receive £10 commission from the gas engineer

Energy Performance Certificate (required by law) - £80 + VAT (£96) - We receive £40 commission from the assessor

EICR electrical safety certificate (required by law) - £170 (No VAT) - We receive £20 commission from the electrician

Whether you’re buying your 1st home or your 10th, should I get a survey? If so, what sort of survey should I get?

Buying a property is a huge step and you’re spending a lot of money so it’s something that shouldn’t be taken lightly. A survey can help you to understand exactly what you are buying and any money that may need to be spent on it, either now or in the future.

We are included in the Best Estate Agent Guide 2018 which only lists the top 20% of agents in the UK. Within this, we have independently evaluated and rated as 'Exceptional', which puts us in the top 5%! Only 87 branches in the whole of the UK were rated 'Exceptional' for both sales and lettings, and our Winlaton branch is one of them! We're sure our recently acquired Dunston branch will be in the same category next year. Click the image above to watch the video.

 

Condensation

Condensation is a very common problem for a lot of homes across the UK and yet is fairly simple to resolve. When moisture in the air meets a colder surface, like a wall or window, water is released onto the colder surface, creating tiny droplets of water to appear, which is more commonly referred to as condensation. It is commonly confused for damp so it’s important to know the difference as they need to be treated differently.

Archived Blog Posts