What is it going to cost?

McCartan Lettings Swansea like to keep things as simple as possible for our landlords. 

Unsure which service type you need? If you are a licensed landlord making a career of buy-to-let investment, Let Only might be for you. If you find yourself thinking there’s more important things you want to be doing with your time beside handling maintenance calls and chasing rent, we’d recommend Full Management.

We are transparent with our fees, and you can find them all listed below with VAT included.

Handing over keys to a Let Only Landlord Let Only (experienced landlords only)

Occupation contract set-up fee:
95% of 1st months rent, minimum fee £597.00
Deposit management (optional):
£120.00
Renewal of contract: (optional):
£120.00
Hourly rate:
£75.00 per hour, minimum fee £75.00
Notices for possession:
£90.00 per notice
Property visit report:
£150.00

Relaxed and happy fully managed landlord Fully Managed Service

Occupation contract set-up fee:
75% of the 1st months rent, minimum fee £450.00
Management monthly fee:
15% of the monthly rent due
Rent guarantee & legal expense service:
2.4% of the monthly rent due
Renewal of fixed or periodic occupation contract:
£95.00
Issuing a written statement:
£60.00
Property visit report:
£85.00 (6 monthly)
Transfer of property to new landlord fee:
£180.00
Hourly rate:
£75.00 per hour, minimum fee £75.00
Issuing notices for possession:
£90.00 (per notice)
Court attendance:
£240.00 all day of part thereof
Bailiff attendance:
£95.00
Landlord rescue service set-up:
£900.00

Contractor Costs

EPC report:
1 – 4 beds £75.00 – £90.00
5 beds or above POA (valid for 10 years)
Gas safety certificate:
£75.00 (valid for 1 year)
Gas safety & service:
£95.00 (mandatory with all back boilers)
Electrical condition report – flats/apartments
1 bed £120.00
2 beds £150.00
3 beds £170.00
(plus £85.00 for furnished or tenanted properties)
Electrical condition report – houses
1 or 2 beds £160.00
3 or 4 beds £180.00
5 or 6 beds £210.00
(plus £85.00 for furnished or tenanted properties)
Electrical condition report retest
£30.00
Legionella risk assessment report:
£90.00 (valid for 2 years) £75.00 thereafter
Roofer emergency call out fee:
£150.00 for 1st hour
Damp report:
£144.00
Vacant property visit & report:
POA, minimum fee £45.00
Independent inventory set-up and updates
1 bed £110.00 unfurnished, £130.00 furnished
2 beds £120.00 unfurnished, £140.00 furnished
3 beds £135.00 unfurnished, £155.00 furnished
4 beds £180.00 unfurnished, £210.00 furnished
5 beds £210.00 unfurnished, £250.00 furnished
Independent inventory check-out
1 bed £90.00 unfurnished, £105.00 furnished
2 beds £95.00 unfurnished, £110.00 furnished
3 beds £110.00 unfurnished, £125.00 furnished
4 beds £145.00 unfurnished, £170.00 furnished
5 beds £170.00 unfurnished, £195.00 furnished

Avoidable Costs

Obtaining proof of ownership:
£30.00
Re-issuing or amending contracts:
£30.00
Minimum fee (in case of early termination):
£420.00
Duplication & testing of keys:
£12.00 plus the cost of key cutting
Administration of NRL tax returns:
£300.00 per year
Duplicate end of year statement:
£15.00 (increasing to £50 between 1st January & 31st January)

Making the most of investment Project Management

Organising property refurbishment:
minimum fee £1500.00 – depending on level of refurbishment
Property uplifts:
12% of cost of works over £1000.00
Furnishing advisory aervice:
By quotation (dependant on size of property)

Switching letting agent Property Sourcing & Additional Services

Property sourcing service:
1.8% of purchase price, minimum fee £1500.00 (on completion of sale)
Buy to let advisory service:
£149.00 per hour

What is included?

Whichever you choose, you can be confident we are giving your property the same exposure, and that your applicants will undergo the same diligent referencing procedures.

It’s then up to you whether you’d like us to take the worry off your hands completely, or set you up for a smooth and successful tenancy you manage yourself.

Take a look at what our landlord services entail in the table below.

Service

Let Only

Managed

  • Consultation on your property, presentation, market conditions and current legislation
  • Create an online marketing brochure with professional photographs
  • Online advertising with Zoopla and OnTheMarket, as well as our website
  • Create video walkthrough for virtual viewings
  • Additional advertising: A3 window display, social media
  • Qualify enquiries against landlord requirements prior to viewing
  • Arrange and accompany viewings
  • Weekly feedback and statistics about your property’s performance online
  • Negotiation of the terms of the tenancy
  • Detailed referencing of the applicants (and guarantors) with credit & fraud checks
  • Ensuring the property is legally compliant for let with the relevant certificates
  • Preparation and execution of an Assured Shorthold Tenancy Agreement
  • Preparation of deposit prescribed information
  • Deposit submission into the Deposit Protection Scheme (DPS)
  • Arranging an independent inventory report to be compiled, by a third-party independent clerk
  • Notification of tenancy start to the water company & council tax
  • Monthly rent collection and statement of account
  • End of year statement of account
  • Primary contact for contract holders to report maintenance issues
  • Obtaining quotes and coordinating maintenance by qualified and insured contractors
  • Administration of invoices relating to the property from rent received
  • Serving notices for possession
  • Preparation and execution of renewal of tenancy
  • Provide the tenant with a comprehensive end of tenancy letter
  • End of tenancy management, negotiating deductions from deposit if required
  • Notification of tenancy end to water company & council tax
  • Preparation of evidence for dispute resolution or court hearings
  • Re-advertisement property
  • Free access to online client portal
  • Conduct property visits and provide report to landlord
  • Inclusive annual property portfolio review
  • Inclusive Alternative Dispute Resolution (ADR) with DPS
  • Administrating rent guarantees or non-payment of rent

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