Lettings


LANDLORDS

Let us find a tenant for your property.

Whether you have a single property or a portfolio you need a team you can trust. Mortimers will make letting your property as easy and stress free as possible, our aim is to do the simple things right, maximising your income, lowering your risk and giving you peace of mind.

Visit www.gov.uk for further help and advice for landlords and tenants

Mortimers offer an unrivalled lettings service, providing all our clients with total commitment.

We are members of ARLA (Association of Residential Lettings Agents). We are members of The Property Redress Scheme. Deposits are protected by DPS (Deposit Protection Service). 

 

 

 

Landlords - we guarantee your rent on time, every time!

Guaranteed rent paid to you each month by Mortimers, regardless of whether your Tenant pays or not. In addition we will cover your legal costs too!

 

 

 

At Mortimers, we know one of the most important decisions you will make as a landlord is finding the right agency to take care of your rental property. With over 80 years award winning experience in estate agency, you can trust us to take care of everything.

We are delighted to launch our new Rent on Time service available with our FULL MANAGEMENT and RENT COLLECTION services, which gives you:-

  • Your rent paid to you each month by Mortimers, regardless of whether the Tenant pays or not.
  • We cover your monthly rent up to the value of £2,500 per calendar month.
  • The rent will continue being paid until vacant possession is obtained with no time limit (as possession proceedings can take months).
  • You are covered for legal costs to obtain possession of the property, including court appearances, if the tenant fails to pay the rent (total claims limit of £50,000).
  • Mortimers Rent on Time also covers breaches of the tenancy agreement by the tenant, including non-payment of rent and expired notices seeking possession if the tenant does not vacate.

This guaranteed rent, paid by Mortimers means your finances can be more easily managed, meaning you will not have the stress and worry about rent arrears or eviction costs.

How much does it cost?

Mortimers Rent on Time is priceless for landlords looking for consistent rental returns each and every month and costs £18.20 per month (inclusive of VAT). 

Landlord Charges

At Mortimers we have a simple approach to charges to landlords.

We offer three levels of service FULL MANAGEMENT, RENT COLLECTION and TENANT FIND ONLY.

We are now legally obliged to display all charges inclusive of VAT. Please ensure when comparing with others that you are actually comparing like with like.

Charges

FULL MANAGEMENT

12% of the rent collected inclusive of VAT (in the old system 10% plus VAT). Our charges may vary from area to area so please ask us!

In addition to the above there is a set up fee/tenancy agreement charge which is not payable in advance but which will be collected from the tenants first months rent, including the above.

SET UP CHARGE/TENANCY AGREEMENT FEE

£150 including VAT (£125 + VAT)

RENT ON TIME Rent and Legal Protection Warranty

£18.20 per month including VAT

TENANCY RENEWAL

£60 including VAT - Drawing up of a new fixed term tenancy after the initial fixed term has come to an end

 

RENT COLLECTION

7.5% of the rent including VAT (6.25% + VAT)

SET UP CHARGE/TENANCY AGREEMENT FEE

£150 including VAT (£125 + VAT)

RENT ON TIME Rent and Legal Protection Warranty

£18.20 per month including VAT

TENANCY RENEWAL

£60 including VAT - Drawing up of a new fixed term tenancy after the initial fixed term has come to an end

 

TENANT FIND ONLY

An amount equivalent to the first months rent subject to a minimum of £480 inclusive of VAT (£400 + VAT) if you do not require an Inventory and Schedule of Condition or £600 inclusive of VAT (£500 + VAT) if you do require an inventory and schedule of condition. An upfront payment of £150 inclusive of VAT is required and the remainder will be collected from the first months rent. 

 

REPAIRS & MAINTENANCE

For the benefit of Landlords and Tenants alike Mortimers operate an in house property repair and maintenance service provided by associated company PSS Maintenance Ltd. PSS Maintenance will be asked to undertake all necessary works (unless instructed to do otherwise by our Landlords) and we endeavour to keep all costs both reasonable and proportional. Alternative quotes will be obtained for larger works on request. Where alternative contractors are instructed an administration charge equal to 5% of the invoice value will be made.

Tenants

Whether you have rented previously or are renting for the first time, our Lettings Department can help you to find your perfect rental property quickly and easily. We always have a wide and varied range of properties to rent and our friendly experienced staff are always on hand to help you every single step of the way.

We Can Help You With:

·         Finding a property to suit your individual needs and budget.

·         Advice on the rental procedure.

·         Processing your tenancy application quickly.

·         Agree a convenient time for you to move in to the property.

·         Offer clear guidance on your responsibilities as a tenant.

·         Protection of your deposit monies.

·         A quick response to any maintenance issues*.

(* fully managed properties only.)

 

Tenants Costs

We are obliged to set out details of all costs to tenants. 

BEFORE YOU MOVE IN

You will be required to pay a refundable holding deposit at the point of application in order to reserve the property, which will be equivalent to one weeks rent. Payment for this can be taken over the telephone using a debit card. 

The holding deposit will become non-refundable if:-

  • You withdraw your application for the property after the references have been applied for.
  • You fail the Right to Rent check.
  • You provide a false or misleading statement on your application that causes your references to fail. 

DEPOSITS

You will be required to pay a deposit of an amount equivalent to five weeks rent (rounded down to the nearest pound).

Deposits are protected using DPS (The custodial deposit protection scheme).

Selected properties are available with a Nil Deposit Scheme –This scheme is instead of a traditional deposit and is administered by Let Alliance.  It is only available on properties that are Fully Managed by Mortimers so please ask if this is available on the property that you are applying for and it is also subject to status.

You pay a Nil Deposit service charge equivalent to 1 week’s rent plus VAT to Let Alliance who administer the scheme.  

For further details and to confirm if you would qualify for the scheme please ask a member of our team.

 

ADDITIONAL CHARGES

Lost Keys                      

In a situation where for any reason Mortimers do not hold spare keys and a copy cannot be created you will be charged for the cost of a replacement lock.

Pets 

Please note that if you have a pet and the landlord has agreed to allow you to keep a pet at the property the monthly rent will be 5% higher so for example a rent of £500.00 per calendar month would be £525.00 per calendar month if the landlord agreed for you to keep a pet at the property.

We are members of the Property Redress Scheme for independent redress. We have Clients money protection through the RICS (click here for more information).

For more information contact your local branch.