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Landlords


Guide For Landlords

If you currently own or intend to purchase residential property for rental in the Northeast, you should consider engaging our tenant find or property management service.

You'll find it both professional and cost-effective. As we are specialists, we know how to manage property for optimum performance, whilst ensuring smooth running tenancies, and compliance with the various landlord/tenant legislation. Maximising the return on your investment.

Our Service

1. Visiting you at your property, and providing a rental valuation and any other advice which you may require about letting your property.

2. Advising you on compliance with the various safety regulations.

3. Locating suitable tenants. Your property will be advertised if necessary, however we have excellent contacts with various company and other establishment personnel departments, and furthermore usually have tenants waiting.

4. Accompanying tenant applicants to view the property.

5. Obtaining and evaluating references and credit checks.

6. Preparing a suitable tenancy agreement and arranging signature by the tenant.

7. Collecting any deposits (bond) from the tenant and placing this into a deposit protection scheme.

8. Preparing an inventory and schedule of condition.

9. Checking the tenant into the property and agreeing the inventory.

10. Receiving rental payments monthly in advance, and paying you promptly, together with a detailed statement from our computerised management systems.

11. Inspecting the property periodically, and reporting any problems to you.

12. Arranging any necessary repairs or maintenance, first liaising with you in the case of larger works.

13. Keeping in touch with the tenant on a routine basis, and arranging renewals of the agreement as necessary.

14. Checking tenants out as required, reletting and continuing the process with the minimum of vacant periods to ensure that you receive the optimum return from your property.

We maintain a flexible attitude, and are generally able to adapt our service to meet our client's individual circumstances and needs, for example by providing a part only service, or alternatively by taking on additional tasks and duties.

Landlord Insurance

Through our affiliation with a leading independent financial advisor we are able to offer a variety of insurance policies for both landlords and tenants, including the following:

Buildings Insurance

Covers the rebuilding of your property following loss or damage caused by fire, aircraft, smoke, malicious persons (including tenants), accidental damage to bathroom fixtures & fittings and glass, lightning, explosion, collision or impact, falling trees and earthquake, theft (by forcible means), subsidence, riot/civil commotion, storm, flood, escape of water or oil leakage and loss of rent up to 20% of the sum insured following damage. Also includes property owner's liability.

Limited Contents Cover

Where the property is let unfurnished limited contents cover is available; this provides up to £5000 cover for the following items: Carpets, Curtains, Sun Blinds, Light Fixtures & Fittings, and Kitchen White Goods. Cover is on a new for old basis. Also includes landlord's liability.

Contents Insurance

Cover on a new for old basis for loss or damage caused by fire, aircraft, smoke, malicious persons, lightning, explosion, impact, theft (by forcible means), subsidence, riot/civil commotion, storm, flood, escape of water or oil leakage, breakage of mirrors or glass in furniture, replacement of locks following theft of keys, and loss of rent up to 20% of the sum insured following damage. Also includes landlord's liability.

Legal Expenses

You may be unable to collect the rent, your tenants may damage or remove your personal possessions, or they may cause a nuisance to your neighbours. All these problems can be resolved by legal action but this is expensive. This cover includes all of your legal expenses up to £50,000. There is no policy excess to pay.

Rent Guarantee

This policy provides total peace of mind for landlords. Cover includes the rent you are expecting from your property until vacant possession is obtained for up to 12 months (excluding the first month's lost rent). Additionally, cover includes 50% of the rent for up to 3 month's after possession is obtained whilst a new tenant is found. All related legal expenses are included.

Investment

Straight talking mortgage advice

We search the entire market to find the best mortgage deals and rates, whether you are a first time buyer, re-mortgaging or moving home, looking for a buy to let or shared ownership mortgage or have bad credit.

Why use us to obtain your mortgage?

We search the entire mortgage market

We offer expert, free mortgage advice

We can do all the paperwork for you

We are happy to visit you in the comfort of your own home

Out of hours appointments are available.

Re-mortgaging

Your mortgage may have been the best deal for your circumstances at the time but is it still performing as well as it could?

Switch your mortgage and save money

Re-mortgaging is a good way to escape high variable or fixed interest rates and more and more UK homeowners are moving their mortgage to save money. Even if you have just come out of a special deal and are obliged to pay a penalty if you change mortgage, do not be deterred, re-mortgaging often reduces your monthly mortgage payment enough to still save you money in the long term.

How much can I save by re-mortgaging?

In recent years re-mortgaging has become a much simpler and more common process. More and more mortgage lenders are offering specialist re-mortgaging services, often with free legal and arrangement fees.

Reasons to re-mortgage

As well as reducing your monthly payments, you can also use re-mortgaging to release the equity that's built-up in your property over time. If you have owned your property for several years, it could be worth more than your outstanding debt therefore taking out a larger mortgage could release some extra cash. This could be spent on clearing existing debts, home improvements, a new car or a luxury holiday.

When you re-mortgage, you are essentially replacing your existing mortgage loan with a new one, moving your debt from one mortgage lender to another. There are thousands of re-mortgage deals available across the UK mortgage market and we will take into account what different mortgage lenders are offering at present and find the best re-mortgage deal for your new circumstances.

 

Latest News

15
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Croft Court, East Rainton…

We are pleased to confirm that the new build development at Croft Court in East Rainton has now been completely sold.
29
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Christmas/New Year Opening…

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11
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New Website Launched

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