Landlord Guide

Landlords Guide

Landlords

Free Letting Valuation

When we begin to work together, the first step will be to determine the rental value of your property. A lot of factors can impact this from obvious things like the size and number of bedrooms, to the distance from tube or bus stops and the local market activity. Our lettings director will arrange to visit the property, speak with you about the amenities and offer you a guide on the potential yield. We will take all elements of the property and the local area into consideration to set a realistic price for you. We pride ourselves in providing our landlords with honest market advice.

Guide to letting your property

Welcome to the Newington estates Guide to Letting, where we offer you all the tips and tools to help you get the most from your property.

Letting your home can be a stressful experience but at Newington estates we take you through each process step-by-step, to ensure an easy and smooth journey for you and your tenant. From valuation, photography and throughout the tenancy, our dedicated team will work closely with you to ensure a swift and simple experience.

How it works:

Valuation

We make sure that your property is on the market for the right price for you and the tenant, we use local knowledge, forecasting and market insight to position your property just right. In order to show your property’s true potential, we will also offer you advice on any potential works or redecorating before viewings commence. In addition, we can advise you on the legal requirements needed such as smoke alarms, carbon monoxide detectors and gas safety certificates to keep both you and your tenants protected

Marketing

We use a range of tools to market your property to the right people but there are a few other things that can help. House dressing, where we advise you on the best way to present your property, as well as taking the highest quality photos and providing detailed floorplans to ensure you get the best price for your home. At Newington estates we advertise on several portals including Rightmove, Zoopla, Primelocation and On the Market and can offer special online products such as “Featured Property Listing”, which allows your property to be listed at the top of these leading property portals search engines.

In addition, we use the most up-to-date technologies alongside traditional methods providing your property with the optimal exposure at no additional cost to you including social media advertisements on Facebook, Instagram, and Twitter.

We also work closely with over 40 of the UKs largest cooperate companies including BNP Paribas, City Bank, Unilever, Google and may others.

Local Knowledge

Our extensive network of tenants and a strong community presence ensures a unique and broad reach for your property.

Negotiating your Tenancy Agreements

Our highly trained, professional consultants work hard to achieve the best possible price for your property. Before presenting an offer to you we gather all information including their move-in date, contract length, furniture requirements and combined salary to give you a clearer picture of your prospective tenants before proceeding.

Referencing and the Contracts

Once we have found you the right tenant, we will proceed with referencing. We use a trusted and well-established referencing agency who collate various elements of your prospective tenants personal and professional history to ensure the accuracy of the information we provide you with, giving you full transparency and peace of mind. All references will be provided to you once complete to review and approve before proceeding.

What is included in the referencing process:

Photo identification and bank statements

Income to Rent Ratio (in order to pass the affordability rate, your tenant must be earning no less than 2.7x the annual rental amount / their share of the rent)

Employment Reference – Current, Past and Future (if applicable)

Previous Landlord Reference – Current and Past (if applicable)

If your tenant is studying, they will be required to make an advance payment of 6-12 months rent

The lettings director or a senior member of the team will be on hand to work with you through the process and ensure all the elements are moving at a timescale to suit you.

Corporate Letting

Our extensive network of tenants and a strong community presence ensures a unique and broad reach for your property.

Short Lets

Occasionally, people approach us who require a place to live for just a few months. Some landlords consider this a hassle but shorter agreements can offer higher yields so it could be the right option for you.

Relocation & Our Partnerships

It is commonly known that large corporate companies employ relocation agents to assist them with their property search and at Newington estates have hundreds of partnerships with relocation agents throughout the world, connecting us with high caliber tenants who are looking to relocate to London. We are their first point of contact when a new search takes place in Central London and receive emails daily from clients moving from Japan, America, Europe and beyond.

Inventories Explained

At the beginning and end of every tenancy we conduct an inventory report (also known as check-in and check-out reports), for which both parties will need to review, sign and return. This ensures that both you and the tenant have a clear record of all the items, along with the condition of the property at the beginning and end of the rental term. With this, you are fully covered should anything be damaged or go missing during the term and the cost will be deducted from the tenant’s deposit. Although not compulsory, we highly recommend that you have these reports conducted as it may become difficult to claim for damages from the tenant’s deposit without one. We use a dedicated third-party firm to conduct the reports to ensure unbiased reviews. Should you have a deposit dispute at the end of the tenancy, your chosen deposit protection scheme will use the inventory report as evidence to settle the dispute fairly for both parties.

Our Services:

Landlord Guide & Advice

Our experienced team will be on hand throughout your letting process to offer you guidance and advice to make it as easy, and simple as possible.

Tenant Introduction

We use a range of online and offline tools to find the right tenant(s) for your property.

Rent Management

In addition to finding, you the perfect tenant, we will collect the rent on a monthly basis and deduct our fee on the rental due date. Landlords sometimes prefer this option as its helps with cash flow. We will also be on hand to chase or assist with any rent in arrears (although we hope from the referencing process this shouldn’t occur!).

We offer a Property Management which will give our landlords complete peace of mind with bi-annual reports, access to 24-hour emergency contacts, key holding service and many other services to give our landlords complete peace of mind.

Legislation & Legal Support

We work with a team of experienced solicitors who specialize in all aspects of residential property transactions. They have been assessed and accredited by the Law Society so you can rest assured that you will get a high-quality service when you instruct our solicitors. Just ask the Newington estates team about an introduction.

Marketing your property

We are one of the select few agents who can use all four portals – Rightmove, On The Market, Zoopla and Primelocation – to market your property, this means we have a wider reach than nearly every other agent in the area. Our extensive network and strong community presence ensures a unique and broad reach for your property.

Right to Rent

The ‘right to rent’ simply means ensuring that your prospective, or current, tenant is legally allowed to rent in the UK. We can undertake this check for you, using the accredited method, so you have peace of mind when letting your property through Helliwell & Co.