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Yesterday the Government published The Tenants’ Fees Bill, the long-awaited paper resultant from the consultation period on what, if any, tenant fees are acceptable to charge.
It’s still very much early days as the Bill will now be debated in parliament and its proposals could change. If you’re not scared of long, wordy documents you can read it in full here.
There’s very little ‘fact’ in the document, and its perhaps best looked at as a legal framework into which the final rules and regulations will sit.
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It’s the question asked by many, many tenants – Why do I have pay so much money to the letting agent to secure a property?
It’s a fair question, and here’s a straightforward answer – other agents charge high tenant fees purely and simply because they can (at the moment).
Whereas other agents have looked at tenant and tenancy administration fees as a source of income, we’ve never believed that it should be like that. We believe that fees charged to tenants should be fair and commensurate with the work, or indeed underlying costs, actually involved.
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I think its fair to say that people do have a mistrust of estate agents in general, so is Proper Local in any way different?
Well, obviously, we’d like to think so, but we also have a way of proving that.
From the outset at Proper Local we’ve been using the review site Feefo to gain feedback from our landlords, tenants, buyers and sellers and our rolling 12 month average review score is 4.9 out of 5. Not bad.
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Proper Local has been fortunate enough to be instructed on Vive Living @ Childers Street, developer Aitch Group's first build-to-rent venture.
This scheme of 83 private residential apartments is located on the Deptford-New Cross borders, an area increasing in popularity. It very much reminds us of what Hackney used to be in the late 1990's. Whilst there's still some good old-fashioned South East London charm, the influx of coffee shops, bars and restaurants is most welcome.
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Canary Wharf Property Prices - Part 1
I don't know about you, but I always find that whenever national property prices are published they never 'fit' with what I'm thinking, or how my local area is performing.
I write, of course, as an estate agent (because I am one), but I'm also a local resident on the Isle of Dogs E14. So therefore believe me when I say, I'll try to give you a balanced, realistic opinion on what is actually happening right now.
There are several national commentators on property prices. The Halifax and Nationwide, in their capacity as mortgage lenders. The Office of National Statistics and the Land Registry, as governmental sources. And Rightmove & Zoopla as property marketeers.