One of the main reasons people chose a reputable letting agent to help find their next home is to ensure the property is of a certain standard and complies with the current legislation.
As with all reputable letting agents, Letting's Direct does have to make an agency fee to cover all of our costs - however withe Letting's Direct, we do not have any hidden charges as often the case with some agencies:
We aim to be one of the most competitive agencies and charge £300 (£250 +VAT) for the first applicant and £180 (£150 + VAT) for all subsequent applicants - should the Landlord require a Guarantor, then there is an additional charge of £90 (£75 +VAT). Company lets are charged at £474 (£395 + VAT) per tenancy
For student properties of 4 bedrooms or more we charge an administration fee of £114 (£95 + VAT) per student inclusive of any Guarantor fees
The Agency fee is payable when you reserve a property and this then allows us to process the application and obtain references etc. Renewal fees are paid when the tenancy is renewed and the Check-out fee is deducted from the deposit on termination of the tenancy.
Payment Methods - We accept payments by either Cash, BACS, International Transfers, Credit or Debit cards. Please note that there is a surcharge of 1% on all debit card payments and 3% on all credit card payments. If paying by bank transfer then applicants are requested to use the property address as the reference and also to forward us a copy of the confirmation as sometimes payments may not reach us on the same day.
Unfortunately, if a tenant changes their mind about renting a property once they have made an application, we can not usually refund the agency fees paid. However if in a Landlord changes his mind, then all fees paid in full are refunded.
A deposit would also be required to be paid and our standard deposit is the value of the monthly rent plus an additional £200. Deposits are subject to referencing and where an applicant is not in either full time employment or able to provide a UK based guarantor, than a larger deposit may be payable.