Townends Estate Agents Blog
The property market across Hampshire, Middlesex, London and Surrey is always changing. Read Townends Estate Agents blog for the latest news and useful information for buying and selling, renting and letting property.
Emma2018-04-17 10:46:142018-04-17 15:30:01Our Rent and Legal Protection
Even the best tenants can have a change in circumstances, examples include redundancy, relationship breakdown and ill heath, leaving them unable to pay their rent or unwilling to move out at the end of the tenancy which may cause a delay in…
Emma2018-04-17 10:45:372018-04-17 10:59:37Electrical Safety
In the UK there is no specific legal requirement to obtain certification for the electrical appliances in a rental property, with the exception of Houses in Multiple Occupation (HMOs) as checks must be made of the electrical wiring every 5 years…
Emma2018-04-17 10:45:172018-04-17 11:05:29Meet the team: Renewals
About Fiona: Fiona has been part of the team for three years, initially working in Pre-Tenancy and then in September last year she moved across to run our Renewals department. This is a fast paced team looking after all of the renewals for our…
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Emma2018-04-17 10:44:502018-04-17 14:18:58Minimum Energy Efficiency Standards (MEES)
All properties on the rental market must have an Energy Performance Certificate (EPC). The EPC provides potential tenants with an estimate of the cost to heat and light the property and recommend works which could reduce these costs if carried…
Emma2018-04-05 16:31:052018-04-05 16:31:05UK housing market hailed as 'bouncing back'
Anyone buying property in the UK will be pleased to learn that mortgage rates have not been affected by the Bank of England’s decision to increase interest rates.
Last November, the Bank of England increased interest rates from 0.25% to…
Emma2018-03-09 11:07:072018-03-09 15:49:35Landlord advice: how to set your rent at the right price
With rental properties in high demand and low interest rates on buy-to-let mortgages, investing in property to let remains a popular and effective way to generate an additional income stream making it one of the most popular ways to earn an…
Rebecca Mixter2018-02-16 15:56:092018-02-16 15:56:09The number of first-time buyers is at its highest in a decade!
The amount of people purchasing their first home has risen to its highest level in a decade. A report by Halifax shows that in 2017, an estimated 359,000 homes were bought by first-time buyers. This is the highest number of first-time property…
Preliminary Payment (Holding Deposit)
Once you have found a property and your offer has been accepted by the landlord, we will require a Preliminary Payment (Holding Deposit)
Between £500.00-£1,000.00 (depending on the value of the property), deducted from your final completion monies.
We handle all the paperwork and provide a tenancy agreement for you and your landlord to sign. The fee is based on the size of property, number of tenants and rental value:
Up to £1,500.00 pcm: £600.00 per tenancy
Up to £2,00.000 pcm: £660.00 per tenancy
Over £2,000.00 pcm: £POA per tenancy
Includes an employer’s reference to confirm your income to rent ratio for affordability, a credit history check, confirmation of residency and a previous landlord’s reference (if applicable).
£60.00 per person
Initial Move in Monies
All the initial move in monies and will need to be paid in cleared funds to us 3 days prior to move in.
The deposit will be protected as part of the tenancy deposit regulations; we use the industry renowned my|deposits. 6 weeks rent prior to moving into the property, this will be refunded to you at the end of the tenancy minus any deductions, if applicable.
Inventory Check In procedure
A convenient time will be arranged for you to meet with the inventory clerk to formally check you into the property. Prices vary according to size of property.
1 Bedroom: £145.00
2 Bedrooms: £155.00
3 Bedrooms: £175.00
4 Bedrooms: £190.00
5 Bedrooms: £210.00
Other fees that may apply
Within 5 working days or less
In the event that an appointment has been booked with you and you fail to be present at the agreed times without prior notification to us.
Renewing a tenancy
£100.00 administration fee per tenancy
Credit check at renewal
In some circumstances it may be a pre agreed requirement for a new credit check to be obtained at the point of renewal.
£60.00 per person
If you decide to move on and require for us to provide you with a reference for your new agent or landlord.
Tenancy Swap Fees
Administration: Covering contract negotiation, amending terms, updating the tenancy agreement during the tenancy and immigration and visa confirmation.
£300.00 per tenancy
Referencing: Referencing the new occupant, including identity, financial credit checks, obtaining references from current or previous employers / landlords and any other relevant information to assess affordability
£60 per tenancy
Note: All prices quoted are inclusive of VAT at 20%.
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