With the economic slowdown biting hard we are recommending that all Landlords ask us about rent protection insurance. The current economic downturn is expected to deepen in 2009 which inevitably is going to leave some tenants & landlords in a very difficult position.

Rent Protection Insurance covers landlords against non-payment of rent and provides valuable income in the event of tenant default. "Some landlords don't buy it because they think the cost of insurance is not worth paying compared to the risk that they are taking" commented Michael Portman from Let Insurance Services. The truth of the matter is that the insurance could make all the difference if a tenant stops paying and refuses to move-out.

According to NLA statistics published last month, some 71 per cent of landlords expect rent arrears among their tenants to increase this year. With possession proceedings taking up to 6 months in some cases, that's an awfully long time to be without any income.

The impact of the economic downturn means high numbers of UK employees could be made redundant in 2009 so we would recommend that all of our clients consider insuring their tenancies until the economy turns the corner.

Not bad is the answer.

On the whole, the business grew by around 35% which was matched by the number of visitors to our website that also grew 36.27% year-on-year.

Great news for us is that the pages read by visitors to the website more than tripled meaning that people were spending almost twice as long with us when they visit.

During the Christmas break it is business as usual but we are open for fewer hours each day to give everybody the chance to enjoy a well earned break. We have a few viewing slots free outside of office hours but we are not offering evening viewings.

Our Opening times for the festive season 2008 are as follows

Wednesday 24th Dec 9.30  - 12.30

Thursday 25th Dec CLOSED

Friday 26th Dec CLOSED

Sat 27th Dec CLOSED

Sun 28th Dec CLOSED

Mon 29th Dec 10.00 – 3.30

Tues 30th Dec 10.00  - 3.30

Weds 31st Dec 10.00 – 12.30

Thurs 1st Jan CLOSED

Fri 2nd Jan 10.00 – 3.30

 

That was the question posed in our recent Landlord Satisfaction Survey conducted amongst our managed clients in Nottingham & Leeds.

The great news for us was that the result was a resounding YES! with 91% saying they were either Happy or Very Happy with our service, and in the acid test, a whopping 98% of our clients said they would recommend us to family or friends.

Lettings direct.co.uk strives to offer no-nonsense, honest customer service at a competitive price. It's good to know that the majority of our clients think we're achieving it.  

Thank you for everybody that responded and keep a look out for new initiatives being introduced following on from your suggestions.

 

 

With the launch of EPC's now only weeks away, results of research from the Energy Efficiency Partnership for Homes' Private Rented Sector Group have been released. Conducted by the Oxford Research Agency, the research was carried into into tenants' attitudes towards energy efficiency and any current ways in which they attempt to minimise their energy consumption.

Researchers found that nearly nine out of ten (85%) private tenants are concerned over increases in domestic energy costs, while 42% claim to be very concerned.

Underlining the growing importance of energy efficiency in the tenant's search for a property, the research showed that when it came to choosing a rental property, estimated energy bills were considered a major factor, rated just behind key aspects such as location, rental cost and type of property.

Mark Brown, Director of the Partnership comments on the rising importance of energy efficiency within the private rented sector:

"With the upcoming introduction of mandatory EPCs for all rented properties this October, it was important for us to investigate the current attitudes of private sector tenants in England and Wales.  We all know that utility bills are increasing but this research shows the real impact this is now having on this sector, people are actually making decisions based on the need to reduce their outgoings and energy efficiency is clearly a significant factor."

Lettings direct.co.uk will be producing EPC's for all properties marketed from September and we will contact landlords with practical improvement recommendations where neccessary. Whilst the EPC's are already being dismissed by some sections of the press, it stands to reason that once tenants get used to seeing EPC bar charts they will start to be more selective about their next home.

To read the full research, go to http://www.eeph.org.uk/energy/index.cfm?mode=view&news_id=1112

 

As some clients may be aware, there’s yet more legislation for landlords later this year with the introduction of Energy Performance Certificates. (EPC’s)

Introduced as part of the Energy Performance for Buildings Directive, EPC’s will be compulsory for all properties rented after 1st October 2008.

The Energy Performance Certificate will look rather like the labels you see on Fridges and Washing Machines and give you a guide to how energy efficient something is.

lettings_direct_epc_barchart.jpg

It should be noted that EPC’s are NOT REQUIRED for properties that are already let, it purely relates to property let after October 1st.  

To enable us to be prepared for the introduction of EPC’s we will be getting all property advertised at September 1st assessed. As I write, we have yet to finalise a standard price but this will be confirmed to you pre September 1st and will be billed to you as normal with your property statement in the same way as a Gas Safety Certificate. The EPC will then not be required to be re-tested for 10 years unless the property is altered substantially.

Find out more about EPC’s at http://campaigns.direct.gov.uk/epc/

Lettings direct.co.uk is pleased to announce the completion of the The Ridge, a development of 21 spacious 1 & 2 bedroom apartments in a former hotel building on the corner of Foxhall Road and Gregory Boulevard in Nottingham.

Completed by Roxdan Developments, The Ridge is a development of 21 luxury apartments overlooking The Forest on Gregory Boulevard. The apartments are finished exceptionally well with Smeg appliances, gas central heating, and secure gated access.

 

the_ridge_gregory_boulevard.jpg

The development will appeal to professionals looking for spacious and interesting accommodation. None of the 21 apartments are exactly the same, and all offer more space than is standard in the City at this price. With secure on-site car-parking at being only 5 minutes walk from the Tram, the apartments at the The Ridge offer a fantastic standard of accommodation, and room to breathe at a very reasonable price.

Formerly the Forest Lodge Hotel, The Ridge was derelict for a number of years until its renovation in 2008. The 21 apartments it provides are huge by comparison to normal apartment sizes and all come with gated off-road car-parking and independent intruder alarms.

With rental prices starting from £475 for fully furnished one bedroom apartments, demand is expected to be brisk. Tenants that are interested in viewing the accommodation on offer should call us 0845 226 0345 to arrange a viewing straight away.

Click here to arrange a viewing

GO Lettings is pleased to offer a selection of luxury apartments to let at Woodthorpe Mews in Nottingham.

Situated opposite Woodthorpe Park, on the corner of Mansfield Road, Woodthorpe Mews offers 36 luxury 1 & 2 bedroom apartments in a gated development set over three floors. Built in 2005 by Taylor Woodrow, the properties are finished to a high standard and all come with built-in Bosch appliances, gas central heating, and gated off road car parking.

woodthorpe_mews_side_ele.jpg

With prices starting at £495 for a fully furnished one bedroom apartment, the apartments are proving to be extremely popular and occupancy rates are very high in comparison to similar develoments.

Tenants interested in living at Woodthorpe Mews should contact us today to arrange a viewing.

17_woodthorpe_kitchen.jpg

If you are interested in renting one of the Woodthorpe Mews apartments, please give us a call to pay the fees detailed below:

Holding Deposit (will be deducted from 1st month's rent) £200.00
Referencing Fee (for the first person) £100.00
Referencing Fee (per person thereafter) £50.00
Admin Fee £50.00
Deposit Protection fee £30.00

 


 

 

For example:
1 tenant would pay a total of £380.00 in fees
2 tenants would pay a total of £430.00 in fees

In all cases, £200.00 of the fees paid will be deducted from the 1st month's rent.

We will also need one completed application form for each tenant or occupant, over the age of 18, who will be living at the property. Please find a link below to the application form, as well as a detailed document outlining all the additional documentation you will need to provide.

NOW! Lettings Application Form - Tenants & Permanent Occupants

NOW! Lettings Referencing Information - Tenants & Permanent Occupants

Please note: GO Lettings does not manage the apartments at Woodthorpe Mews and we also do not complete the referencing - it is all done by NOW! Lettings.

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    Excellent - We cannot fault the service they have provided us.This review is for both Landlord services as well as Estate Agents.Granger and Oaks have provided us with an READ MORE

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