Lettings & Management

Litigation Looms For Greedy Letting Agents


Many blame Foxtons for the Chancellors decision to ban letting agents charging fees to tenants. Unsurprisingly, Foxtons have seen their share price plummet, but that’s far from the end of their troubles. Litigation also looms! Lawyers acting for landlord clients of Foxtons are planning to bring claims to force the company to pay all undisclosed fees… Read more

Letting Agents will no longer be able to charge fees to tenants


HM Treasury has leaked an extract from the Chancellors Autumn statement which will announce that Letting Agents will no longer be able to charge fees to tenants Whilst the Chancellors announcement will no doubt be treated by tenants as good news, industry bodies do not see it that way. David Cox, Managing Director, Association of Residential… Read more

TPO and CTSI launch joint letting fees campaign


National campaign kicks off in Swansea and Dorset to improve industry compliance and raise awareness among consumers so more landlords and tenants ask about fees when they shop for an agent. The Property Ombudsman Scheme (TPO) has launched a new national campaign with the Chartered Trading Standards Institute (CTSI) to tackle lettings agents that are… Read more

Possible Strategy For Frustrated First Time Buyers?


We often read about people living in London, Cambridge and other areas where property prices are at a premium and beyond the reach of most first time buyers. I fully understand their frustration because, in many cases, as fast as they can save a deposit, the amount of deposit required increases at a faster pace. I have been giving… Read more

Brighton Landlord Expo – Meet fellow Property118 Readers


FREE ENTRANCE  On 29th June the Brighton Landlord Expo hosted by Association Residential Letting Agents (ARLA) will deliver a programme full of legislative updates, key topics concerning Landlords and Agents. This is an excellent opportunity to meet fellow Property118 members. Lesley Lindsay, a Founder Member of Property118 Action Group, has very kindly agreed to represent… Read more

Lettingsupermarket.com Exceed Targets


Having exceeded 100% of our £125,000 crowdfunding target we are obviously delighted with the support received to date .  The funds raised to date are in return for 5% of the equity in the business, thus confirming our valuation of £2.5 million. We would like to thank all investors who have participated in this round of crowdfunding…. Read more

Share offer has gone live to the general public


The share offer in LettingSupermarket.com has gone live to the general public via the Seedrs crowdfunding website. Please Click Here The crowdfunded share offer was restricted to Property118 members until now. Well over a hundred Property118 members completed the “Expression of Interest” form and I know that Chris Sheldon (Managing Director) has been busy talking… Read more

LettingSupermarket Update – Further Shares Available


Following our move to new and larger offices we have now additional staff in place and the training process is making good progress.  As per our original business plan we have departmentalised. This has resulted in our systems becoming more efficient with each staff member having a specific role and general knowledge of other activities… Read more

LettingSupermarket.com 4% for Full Management – New Kent Coverage


You might be forgiven for thinking that a 4% fee for full management (minimum £24.99 pcm plus VAT) would involve cutting corners. You’d be wrong! ARLA bonded agent Letting Supermarket have been doing it successfully for years. If you need a recommendation you may take comfort in the fact that they manage my entire portfolio…. Read more

Housing Minister cans requirement for Client Money Protection


The Housing minister, Brandon Lewis, opposed a clause in the new Housing and Planning Bill that would have required all letting agents to carry Client Money Protection insurance. Teresa Pearce, Labour MP for Erith and Thamesmead, who proposed the clause indicating that there was industry support said,”The new clause is designed to protect both parties… Read more


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