Tips For Finding the Perfect London Letting Agent

Posted in Mar 27 , 2025

If you own property in London then guaranteed rent contracts are a must-have for effective management. A guaranteed rent contract not only simplifies the process - handing over much of the daily work to experienced management service - but it also ensures that you’ll have reliable and stable income from your property.

With that said, you won’t want to jump into just any old contract. Instead, you’ll want to take the time to find the right letting agent. In this article, we’ll be discussing what makes for a good letting agent as well as how to find one that’s right for you.

A Reliable Reputation

Any time you’re hiring a company, you’ll want to check out their reputation online and find out what other customers have said about them. When it comes to letting agents you’ll want to go even further.

After all, you’re trusting these people with an incredibly valuable asset and it’s only reasonable to want to ensure that you’re in safe hands. That’s why it’s always important to read up on them before signing anything and, if possible, you might even consider reaching out to people who’ve worked with them to ask about their experience directly.

The Best Deal in Your Area

There are lots of companies out there offering guaranteed rent contracts in London but not all of them can boast the same incredible value for money.

Some will offer full management. Others won’t. Some will be willing to take on all the work of marketing your property while others will expect more input from you.

Here at Sparemove, our services include all that and more, offering a fully comprehensive approach to property management.

A Wealth of Local Knowledge

When speaking to your letting agent for the first time, it’s also important to make sure they’re well-informed about the local area.

A major part of your letting agent’s role is simply to price your property optimally to ensure that you’re making the best profits you can. Doing so requires a detailed knowledge of the local geography, economy, and demographics. It means being both experienced and up-to-date.

Still looking for a first rate letting agent who can offer guaranteed rent in London? If so, then now’s the time to try Sparemove. Contact us today by emailing info@sparemove.com or calling us at +442033756161 and our team will be more than happy to discuss finding a plan that’s right for you.

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The London Landlord Survival Guide

If you’re just taking your first steps into being a London landlord, then you may be feeling a little daunted about the challenges ahead. Will your tenants cause you problems? Will you be able to make a profit given the costs of upkeep and insurance? How can you be sure that you’re charging a reasonable, market-driven price? At Sparemove, we believe that the answer to all of these questions is guaranteed rent. That’s why, in this blog, we’ll be breaking down some of the biggest challenges London landlords face and why a London guaranteed rent contract could help. Managing The Market For those looking to rent out property, particularly those based in London, knowing how much to charge can be a constant headache. First of all you have to know the market. That means many hours of research into what other landlords are charging for similar properties. You’ll need to compare for size, location, number of bedrooms, and cost of utilities (if any utilities are included at all that is). Once you’ve come to a reasonable range, you’ll then need to calculate how much profit you’ll make relative to the work you put in. You might think you’re done there but actually that’s only the beginning. Markets change a lot and, over the course of a 12 month contract, the relative value of your property will fluctuate. In practice that means you’ll have to do all this work again once a year. Alternatively, you could get a guaranteed rent contract. Here at Sparemove, we’re always keeping up to date on the local London markets, doing all that research so that you don’t have to. Just think of all the time you’ll save. Counting The Costs It’s not just the market you’ll have to keep an eye on, either. Maintenance costs can be expensive and can involve a lot of difficult decision making. With every expense, you’ll have to factor that into your profit projections, making decisions about quality versus cost at every step of the way. At Sparemove, we can factor these costs into your contract upfront, meaning you’re at far less risk from unexpected expenses. Talking With Tenants Let’s face it - tenants versus landlords is a tale as old as time. When it comes to people’s homes, tensions can always run high. For landlords, handing their property over to a tenant means trusting that person to effectively look after a major life investment. One of the most common reasons why people choose to sell rather than rent is that they don’t want to deal with the drama that can come from tricky tenants. At Sparemove, we can provide full management, meaning that while we’re paying you your rent regularly and on time every month, we’ll work with the tenant to resolve issues and ensure that conflicts don’t spill over onto you. If you’re ready to start your journey as a London Landlord, then contact Sparemove today at +442033756161 or by emailing info@sparemove.com.

Tips For Finding the Perfect London Letting Agent

If you own property in London then guaranteed rent contracts are a must-have for effective management. A guaranteed rent contract not only simplifies the process - handing over much of the daily work to experienced management service - but it also ensures that you’ll have reliable and stable income from your property. With that said, you won’t want to jump into just any old contract. Instead, you’ll want to take the time to find the right letting agent. In this article, we’ll be discussing what makes for a good letting agent as well as how to find one that’s right for you. A Reliable Reputation Any time you’re hiring a company, you’ll want to check out their reputation online and find out what other customers have said about them. When it comes to letting agents you’ll want to go even further. After all, you’re trusting these people with an incredibly valuable asset and it’s only reasonable to want to ensure that you’re in safe hands. That’s why it’s always important to read up on them before signing anything and, if possible, you might even consider reaching out to people who’ve worked with them to ask about their experience directly. The Best Deal in Your Area There are lots of companies out there offering guaranteed rent contracts in London but not all of them can boast the same incredible value for money. Some will offer full management. Others won’t. Some will be willing to take on all the work of marketing your property while others will expect more input from you. Here at Sparemove, our services include all that and more, offering a fully comprehensive approach to property management. A Wealth of Local Knowledge When speaking to your letting agent for the first time, it’s also important to make sure they’re well-informed about the local area. A major part of your letting agent’s role is simply to price your property optimally to ensure that you’re making the best profits you can. Doing so requires a detailed knowledge of the local geography, economy, and demographics. It means being both experienced and up-to-date. Still looking for a first rate letting agent who can offer guaranteed rent in London? If so, then now’s the time to try Sparemove. Contact us today by emailing info@sparemove.com or calling us at +442033756161 and our team will be more than happy to discuss finding a plan that’s right for you.

Guaranteed Rent 101: The Hassle Free Rental Scheme

As a landlord or property owner, managing a rental can be overwhelming. From finding tenants to keeping on top of certificates and licenses, there's so much to think about. Add to that the unpredictability of the rental market, and creeping mortgage rates, and it's easy to see where the headaches come from. That's why many landlords across the capital turn to letting agents. For a fee, the letting agent takes on these responsibilities, leaving landlords time to focus on enjoying the rental income. However, there's on particular scheme that's even better than traditional letting contracts. That scheme is gauranteed rent. Guaranteed rent offers landlord's consistent rental income, with 0 management responsibilities. In this article, we're going to talk through the guaranteed rent scheme, including pros and cons, helping you decide whether this is the right rent scheme for you. What is a Guaranteed Rent Scheme? Guaranteed rent is a specific service offered by letting agencies/rental companies. The letting agents rents your property off of you for a fixed amount each month. They then sublet your property to the tenant/tenants that will live there. Basically, the company becomes your tenant. This means the company is responsible for the rent. They're also responsible for all the day-to-day management operations, such as: . Maintenance issues . Energy performance certificates . Tenant vetting . Tenant management Types of Guaranteed Rent There are a few types of guaranteed rent schemes, and it's important for you to know the difference. Council-backed Guaranteed Rent Council-backed guaranteed rent is a scheme that offers landlords the chance to let their properties to the council, in exchange for a fixed monthly sum. Often, the property is let out to tenants who require social housing. Numerous London Boroughs offer council-backed guaranteed rent, including Barnet, Ealing and Barking & Dagenham. Letting Agent Guaranteed Rent Letting agent guaranteed rent schemes work in much the same way, but a professional letting agency will manage the property. They may place private renters into your property, or they might also work with local councils to place tenants. Rent Guarantee Insurance This often gets confused with guaranteed rent, but it's actually a different service all together. Rent guarantee insurance is offered by private insurance firms. You will pay a set amount per month or year to the insurance company, and then if your tenant defaults/misses a rent payment, the insurance will cover you. This insurance is great for your peace of mind and financial security. What Are the Pros of Guaranteed Rent? The main, and most attractive, benefit of guaranteed rent, is guaranteed monthly income. Because the council/letting agents are technically your tenant, they are responsible for the rent every month. Even if the tenant misses a payment or ends up in rent arrears. For most landlords, this opportunity is music to their ears. There are also several other benefits to guaranteed rent... . Hassle-free management: The letting agents/council will take care of all management aspects, such as tenant sourcing, vetting and maintenance issues. You can enjoy hands-off income. . Lower-risk: Because the letting agents/council take on the responsibility of the contract, they're also responsible for damage. Your property will be returned to you in the same state it was taken on in, save for fair wear and tear. . Long-term stability: Contracts are usually from 1 to 5 years. This means you can dip your toe in for a trial period, or commit to 60 months of fixed monthly rental income. What Are the Cons of Guaranteed Rent? As with any rental scheme or contract, there are some downsides to guaranteed rent. It's important for you to know what these are, too. This will help you make an informed decision. . Reduced control: Whilst this might be attractive for some landlords, it's not for everyone. You'll have limited involvement in selectiong the right tenants, and in checking up on them. This can put some landlords off! . Lower rent: Some guaranteed rent providers will offer slightly lower rental prices. This is to allow them to break even, should a tenant default. It's worth knowing that not every guaranteed rent provider will do this. At Sparemove, we can offer market-value rent. Guaranteed Rent: The Process The process of letting out your UK property via guaranteed rent is relatively simple. 1. Contact a guaranteed rent provider, such as Sparemove estate agents. 2. We'll conduct a property valuation/inspection, checking your property is suitable for guaranteed rent. 3. We'll let you know the monthly rent we can offer you, which will be very close to market value rent! 4. If you're happy to proceed, we'll draw up the contracts. 5. Then, we'll place the third party in your property, dealing with everything from viewings to vetting and references. 6. The new tenant will be looked after by our team of experts. We'll handle any maintenance, repairs and minor issues. 7. At the end of the contract, you'll get your property back in a similar condition, save for fair wear and tear. Why You Should Choose Sparemove for Guaranteed Rent Choose Sparemove and you will have a trusted agency on your side. We are proud of our reputation as a professional estate agency with a result driven and customer focused approach. We offer excellent service to every one of our clients, whether they are buying, selling, letting or renting. Our core valies of honesty, commitment and integrity guide us on everything we do. We live and breathe these values through our customer focused approach, to ensure each client’s individual needs are met. Our dedicated staff at Sparemove have exceptional knowledge of the local area and a real understanding of current property market trends with a strong network in London and Essex. We do business in a unique way to give our clients the edge. Our Accreditations We always strive for the best possible service, so we are accreditted with several organisations: . Safeagent . The Property Ombudsman . Deposit Protection Service Want to Know More? If you want to know more about this scheme, and whether it's the right solution for your property portfolio, our team would be happy to tell you more. Alternatively, if you're just curious about what fixed rental income your property could achieve, use our no-obligation valuation tool to get an idea. Frequently Asked Questions What is the maximum length of contract for guaranteed rent? Usually, 5 years will be the maximum guaranteed rent contract length. Though the length of the contract can be negotiated with the provider. Is the guaranteed rent scheme worth it for landlords? We might be biased, but we think the guaranteed rent scheme is absolutely worth it for landlords. Two of the biggest concerns for landlords are missed rental payments and tricky tenants. Guaranteed rent addresses both of these concerns. The rental income is guaranteed every month, and, the rental property is managed by the guaranteed rent company for the duration of the contract. There's minimal hassle for landlords. What are the benefits of guaranteed rent for landlords? Being a guaranteed rent landlord guarantees you fixed monthly rental income. That means no void periods, no rent areears and no missed payments. There are also no hidden fees or commissions, the rent amount that we agree with you is the exact amount that's transferred into your bank account, every month. How much does guaranteed rent cost? That's a tricky one as it varies so much from provider to provider. Some companies might charge commission or management fees, whilst others will offer you lower rent to cover their own costs. At Sparemove, we do neither of these things. We can offer you close to market value rent, and there are no hidden fees or commissions. What other services do you offer? As well as guaranteed rent London, we offer a range of traditional estate agency services. This includes sales and traditional lettings.

A Landlord’s Guide to Guaranteed Rent Canning Town

Are you thinking about letting your property out? This guide will tell you everything you need to know about guaranteed rent Canning Town.As a landlord in Canning Town, ensuring reliable and consistent rental income is essential. That’s why guaranteed rent contracts in the capital are growing at an exponential rate. A guaranteed rent scheme offers hassle-free property letting, with fixed rental income guaranteed every month. No exceptions.Whether you’re a new landlord or a seasoned pro, it’s important to understand guaranteed rent and the benefits it could offer your property portfolio.What is Guaranteed Rent?Guaranteed rent is a scheme where a letting agent, such as us, agrees to pay a landlord a fixed rental income, regardless of whether the property is empty or occupied. This arrangement completely eliminates rental voices, late payments and tenant management. Instead, it offers a reliable stream of income that landlords can rely on.The Benefits of Guaranteed Rent Canning TownFixed Monthly IncomeLandlords receive the rental payment every month, offering financial security.No VoidsEven if the market is slow, and the property sits empty between tenants, the guaranteed rent agency is still responsible for the monthly rent.Tenant ManagementWhen you sign up for guaranteed rent Canning Town with us, we handle everything. From tenant selection and viewings to referencing and property inspections, we cover it all. This saves our landlords valuable time and effort. It’s also what we’re good at! So landlords get peace of mind that their tenants are enjoying a smooth experience.Property MaintenanceAs part of our guaranteed rent service, we include minor repairs and maintenance. This is to ensure we can keep your property in excellent condition.Is Canning Town a Good Area for Guaranteed Rent?Yes, definitely! Canning Town is a growing area in London, and there is increased demand for rental properties. The area has great transport links, riverside walks and plenty to see and do, so it’s popular with young families, working professionals and long-term residents alike.A guaranteed rent contract in Canning Town can offer you a solid return on investment and peace of mind that the risks of renting out a property are minimised.Ready to Get Started?If you’re ready to let out your Canning Town property via guaranteed rent, get in touch. We’ll take the stress out of property management, delivering you and your tenants exceptional service.

Sparemove

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