The freezing up of the buy to let mortgage market that emerged as an unwelcome side-effect of the credit crunch appears to have eased a little, according to the latest buy to let survey results from the Council of Mortgage Lenders.
Source Propertytalklive.co.uk
Friday, 13 August 2010
Wednesday, 11 August 2010
Customer Feedback
An interesting post this one as we treat Landlords, Tenants and Prospective Tenants as equal Customers. Hence we receive so much feedback about our service. The comments in this post compel us to thank our Landlords [for following our advice about presenting properties in a great condition], existing Tenants for looking after our properties for our Landlords and our Marketing department for refusing to take on sub-standard properties which are often then taken on by Letting Agents who simply don't care !
A Third Of Tenants Are In Arrears - NOT AT BROOKDALE!
A strange report is this! aboutproperty.co.uk report that a third of Tenants are in arrears. We do not understand this statistic at Brookdale. We manage 850 properties and can count on one hand the number of Tenants in arrears. This is clearly not a third.
Anyhow - worth publishing this story as it is a testament to Brookdale's strict Tenant selection criteria and our ability to offer a non-insurance based guaranteed rent scheme.
Anyhow - worth publishing this story as it is a testament to Brookdale's strict Tenant selection criteria and our ability to offer a non-insurance based guaranteed rent scheme.
Research Your Agent Before Committing
Many Landlords choose a Letting Agent based on cost alone. They do not take into account the experience of the company (in terms of years trading) nor the experience of the staff nor the level of Customer Service. A web-site dedicated to exposing bad agents is a great place to research your agent. www.allagents.co.uk receives regular reviews of agents up and down the country. Just type in the name of the letting agent in the box at the top of the screen.
An example: Belvoir Letting Allagents Review
At Brookdale we share over 160 years combined experience in the property industry. In fact, we have so much in-house knowledge that we do not even employ solicitors. This is one of the reasons we have never sold insurance policies (for which Letting Agents are paid commission) to cover legal costs! Everything is done in-house.
We do not even sell insurance to cover rental loss. We offer a unique rent guarantee scheme where you are paid the rent even if the Tenant is late or does not pay. It is not insurance based, does not penalise Landlords by taking the first month's loss as an "excess" and we are not selling it to earn commission as most other agents are. We simply guarantee Landlord rental payments. Read more.
An example: Belvoir Letting Allagents Review
At Brookdale we share over 160 years combined experience in the property industry. In fact, we have so much in-house knowledge that we do not even employ solicitors. This is one of the reasons we have never sold insurance policies (for which Letting Agents are paid commission) to cover legal costs! Everything is done in-house.
We do not even sell insurance to cover rental loss. We offer a unique rent guarantee scheme where you are paid the rent even if the Tenant is late or does not pay. It is not insurance based, does not penalise Landlords by taking the first month's loss as an "excess" and we are not selling it to earn commission as most other agents are. We simply guarantee Landlord rental payments. Read more.
Tenancy Deposit Rules Side With Tenants, Says Agent
Source EA Today: Wednesday 11th August 2010
A letting agent has accused the TDS of failing to address the fundamental problem of tenants raising spurious disputes, knowing that it costs them nothing to do so and they might as well “gamble on recovering some of their money”.
A letting agent has accused the TDS of failing to address the fundamental problem of tenants raising spurious disputes, knowing that it costs them nothing to do so and they might as well “gamble on recovering some of their money”.
Monday, 9 August 2010
Letting Agents Prove Better At Avoiding Voids
Source EA Today:
Letting agents are more successful at keeping rental properties occupied than individual landlords, according to the Deposit Protection Service.
Letting agents are more successful at keeping rental properties occupied than individual landlords, according to the Deposit Protection Service.
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