Average Rent in the UK in 2022

What is the average rent in the UK in 2022?

We’re taking a look into what the average rent in the UK looks like in 2022, and why the market has changed so much. UK rents continue to climb and climb, and cities across the nation are seeing huge levels of rental demand from all around. Especially students, office workers and international tenants.

Coin stack showing the concept of rent increasing for uk homes

 

The effect of the pandemic on the UK rental market

We made it to 2022! A lot has happened to the UK rental market since the outbreak of the Covid-19 pandemic in 2020.

Isolation and national lockdowns have forever changed the way people live their lives. After being stuck inside their properties and working from their homes since March 2020, people’s habits and needs for their homes have massively shifted. With people looking for entirely different things, it has of course had a dramatic impact on the UK rental market.

Rent prices in the UK were inevitably going to be impacted by the covid pandemic, but the impact has been far less than experts anticipated.

The National Residential Landlords Association (NRLA) found that 48% of landlords expect a minor financial hit, with private sector rent deficits having the potential to reach as much as -£437m. However, the NRLA also found that nine out of 10 tenants continue to pay rent.

Despite the arrears, there is still plenty of room for investors to earn serious money. Nationally, the total number of homes let/rented out between May and September fell by 5.3% compared with 2019. This can be attributed to fewer people relocating for new jobs/university and a rise in redundancies, house prices are continuing to rise at their fastest rate since 2016.

UK rental average year on year

The 2022 Zoopla Rental Market report displays how the rental market is currently performing in the UK. The results show a whopping average annual rent rise of 11% since Q1 2021. In early 2021, the same report actually recorded a -1% fall in rental prices. However, the current figures show the impact of strong demand from tenants combined with a lack of supply, particularly in some parts of the country more than others.

When looking at affordability, it was found that the average single earner pays an astonishing average of 37% of their salary on rent. This percentage drops to 18.5% each for home sharers. While earnings only increased by 8.8% last year, UK rents have actually risen at a slower pace than earnings or inflation since 2016.

Looking at rent prices in London

Always higher than the rest of the UK, there has been a steep increase in rent prices in London. The capital’s rental growth fluctuates much more than across the rest of the country, but Zoopla’s report shows a 12% rise over the past year.

This is significantly higher than the UK average of £995 per month, or £830 excluding London. Zoopla notes that the supply/demand imbalance is much more significant in the capital than in other top growth areas. In London, the dynamics show demand sits at 68% compared with -47% in supply of rental properties. The asking price increase is also being led by the city’s flats, says the report, indicating a bounce-back and behavioural change since the pandemic began to push people away from cities in the ‘race for space’. Affordability of UK rents According to the English Housing Survey, around a third of renters are single occupants, so affordability has become more stretched for the average tenant paying out 37% of their gross earnings on rent.

Rental homes in wales

However, for the other two-thirds of renters who live with friends or family – or in house shares – the average being paid is much less. As always in the UK, there are major regional and local variations. The North West and London, both have a very wide range of affordability depending on the specific area but differ greatly from one another.

Extending tenancies to curb moving costs

However, there will be a proportion of renters who are able to move to other markets in order to cut their rental outgoings. “Another way to do this is to stay put in their current rental property, as often tenants in situ can strike alternative rental deals with their landlord, especially landlords keen to avoid a void period on their property.” Average tenancy lengths have been creeping up since 2017, according to Zoopla. Tenants are now staying by an additional five months in their rental properties, up to 75 weeks compared to 12 months five years ago.

Family depicted outside rental house

 

Zoopla’s latest market research may not paint the ideal image for renters amid rising prices. Amid the current global energy crisis and sharply rising cost of living, the UK rental market has found that the average renter is now paying up to about £62 more per month than at the start of the pandemic.

The gender rent gap means women spend this much more of their wage on renting Alongside rising prices, the demand for rental properties has also increased, and according to Zoopla’s research was 76% higher in January compared to the New Year market between 2018 and 2021.

The impact on Millennials and Gen Z

But while more people may be looking for properties, those who are priced out of areas or who are unable to get on the property ladder as first-time buyers, a severe impact may be had on their wellbeing. A new report published today by Metropolitan Thames Valley Housing suggests that these bleak housing prospects are damaging Gen Z and Millennials’ mental health and subsequently negatively affecting life choices.

“Rents have risen sharply in recent months, amid a backdrop of rising living costs” On average, renters are spending double on living or bills than people aged over 51 will, but compared to their parents, have a lower earning potential at the equivalent stage in their career.

Uk house and garden

Pandemic job insecurity, earnings lost from furlough and student debt all add financial pressure, on top of the cost of catastrophically rising expenses of living. As a result, four out of five people worried about their future housing prospects say it is unfortunately having an impact on major life decisions, such as having children. There is also the added stigma that renting a home is a failure, which is of course not true.

Average rent in the UK by region

Below is a breakdown of the average monthly rent for each region in the UK. A comparison has been made between Q1 2021 and Q1 2022 to show the difference. Not a single rent stayed as a flat rate, with Northern Ireland, the North East and London all seeing a larger increase all over +9% in just a year.

East Anglia

Average monthly room rent Q1 2022: £540
Average monthly room rent Q1 2021: £515
Annual change Q1 2022 vs Q4 2021: +5%

East Midlands

Average monthly room rent Q1 2022: £462
Average monthly room rent Q1 2021: £435
Annual change Q1 2022 vs Q4 2021: +6%

North East

Average monthly room rent Q1 2022: £435
Average monthly room rent Q1 2021: £397
Annual change Q1 2022 vs Q4 2021: +9%

North West

Average monthly room rent Q1 2022: £465
Average monthly room rent Q1 2021: £4438
Annual change Q1 2022 vs Q4 2021: +6%

Northern Ireland

£429 £375 14%

Average monthly room rent Q1 2022: £429
Average monthly room rent Q1 2021: £375
Annual change Q1 2022 vs Q4 2021: +14%

Scotland

Average monthly room rent Q1 2022: £535
Average monthly room rent Q1 2021: £487
Annual change Q1 2022 vs Q4 2021: +10%

South East

£586 £556 5%

Average monthly room rent Q1 2022: £586
Average monthly room rent Q1 2021: £556
Annual change Q1 2022 vs Q4 2021: +5%

rent prices across the united kingdom

South West

Average monthly room rent Q1 2022: £542
Average monthly room rent Q1 2021: £502
Annual change Q1 2022 vs Q4 2021: +8%

Wales

Average monthly room rent Q1 2022: £464
Average monthly room rent Q1 2021: £422
Annual change Q1 2022 vs Q4 2021: +10%

West Midlands

£450 £431 4%

Average monthly room rent Q1 2022: £450
Average monthly room rent Q1 2021: £431
Annual change Q1 2022 vs Q4 2021: +4%

Yorkshire and Humberside

Average monthly room rent Q1 2022: £459
Average monthly room rent Q1 2021: £429
Annual change Q1 2022 vs Q4 2021: +7%

London

Average monthly room rent Q1 2022: £794
Average monthly room rent Q1 2021: £707
Annual change Q1 2022 vs Q4 2021: +12%

UK

Average monthly room rent Q1 2022: £597
Average monthly room rent Q1 2021: £576
Annual change Q1 2022 vs Q4 2021: +4%

UK (excl London)

Average monthly room rent Q1 2022: £524
Average monthly room rent Q1 2021: £494
Annual change Q1 2022 vs Q4 2021: +6%

Tenants or Landlord? Live in an Oasis

If you’re a landlord, online letting agents are a great aid in keeping your property running and profitable and offer greater value to landlords. With reduced service costs and no commissions, they are more affordable alternatives to high street agents. Moreover, if you’re a tenant, we can help you find a property that suits your needs. Contact us today for more information!

 

Buy or rent

Guiding tenants

Need more tenant tips and info on moving out? Read our blog: What fees and deposits must a tenant pay? 

30 Habits of Successful Property Managers

Let’s take a look at the habits of successful property managers!

 

Common Sense

1. Have a positive outlook

Positive thinking is a habit for life, not just for property management. Practising habits that remind you to not take property management so seriously, will allow you to enjoy the process. A positive outlook will also benefit you when things go wrong – as that’s just a part of property management, and certainly a part of life in general. There are apps you can use to help you practice mindfulness, reduce stress and be in the moment, such as Calm or Headspace. Positive thinking also benefits from you eating well, getting regular exercise and sleeping a full 8 hours.

2. Set long-term goals for ROI

It might sound simple, but lots of property managers are only so successful because they have clear goals set! Having a long-term strategy and setting goals can help you keep focused and motivated. Here are some things you can consider and reflect on when creating your long-term strategy goals:

  • Which areas really need improving to better serve property owners and your tenants?
  • How can you be cutting costs?
  • Are your tenants and property owners satisfied with the service you’re providing?
  • How efficient are you at collecting rents, deposits etc?
  • How often are you taking on new clients?

3. Source help where it’s needed

Property management is a huge undertaking! A great habit to get into is accepting help from anybody who offers it – and reaching out for paid help when certain tasks are too overwhelming. Swallow that pride – we’re all human!

4. Ensure your property is clean, modern and well presented

Keeping each property consistently clean, sleek and ready for living is an essential habit. Consider writing a checklist for each property to ensure no area is left uncleaned or crack unfilled.

5. Learn from any mistakes (or any nightmare tenants!)

Nobody is perfect! Instead of letting any setbacks knock your confidence, get into the habit of making a note of them and actively looking to improve. This could be anything from setting boundaries with non-ideal tenants, changing your fees, improving your work/life balance, to streamlining your processes if you’ve made mistakes.

6. Respect your tenants’ privacy (always give 24 hours notice)

As you’re aware, it’s the law to give 24 hours’ notice when entering an occupied property. Be a real stickler for the rules and respect them, and your tenants are far more likely to respect you back and be willing to co-operate with access time for maintenance work etc. This is especially important now that a lot of people work from home.

 

a modern property kitchen with breakfast bar

Personal Development

7. Look into marketing

If one of your business goals is growth, creating a habit around marketing and social media could be really beneficial. Some habit ideas could be a weekly marketing podcast or webinar, and 10 minutes a day interacting and posting on your business’s social media pages. Successful property managers also share the processes of their properties, not just advertisements. It’s a great way to document what you’re doing and gain a following for when you are ready to advertise.

8. Listen to motivational and educational podcasts

Oasis Living has a property podcast – have you listened yet? There are so many resources out there for property managers, investors, landlords and tenants! Making a habit of listening to these weekly will help you to stay in the loop with the latest opinions and regulations.

9. Research and stay on top of any decor trends for renters

Make a habit of checking interior design websites and browsing Pinterest for trends. It will help you stay on top of what other landlords are doing, or even inspire you to make better use of storage space for example.

10. Look into free online courses

property managers desk set up

Organisation

11. Complete regular inspections of your properties

Property managers should make a habit of conducting thorough and regular inspections of the properties they handle. Failure to do this can actually void insurance coverage! And also lead to unhappy landlords. Other reasons to conduct regular inspections of rental properties are:

  • Preserving and increasing the condition and value of the property
  • Identifying areas that need repairs and maintenance
  • Confirming that no illegal activity is taking place in the home
  • Increasing tenant retention

12. Stay up-to-date with the latest property rules and regulations

Stay updated on things like changes in rules and regulations, local rent rates and other emerging trends related to real estate. Property owners want to be assured that the manager they’re dealing with knows what they’re talking about, so always be learning.

13. Time management

Successful property managers get things done when they need to be done! At the same time, they’re savvy and experienced enough to know which parts of their job take priority over others. It’s vital to have good work habits surrounding time management.

14. Have a contingency plan

A contingency plan is a strategic plan for property managers to tackle an unfavourable event that may or may not happen in the future. It’s also commonly known as a ‘Plan B’. It is put in place to reduce business risk, streamline recovery processes, and ensure the smooth execution should such an event happen. Having a contingency plan minimizes the after effects of unforeseen events/accidents and outlines a plan for carrying out business as normal with minimal disruption.

15. Run thorough rental checks and referencing

Rigorous referencing is the first line of defence against renting your property to an inappropriate tenant. It is essential that all landlords are aware of the importance of meticulously carried out referencing and the impact it has on new tenancies.

By following reference guidelines and procedures, you are protecting yourself and landlords. Tenant referencing is an essential part of the letting process and gives landlords reassurance that their tenants work where they say they work and are able to make payments.

Making the most of prop tech

16. Use the latest apps

You can’t run a successful property management business without the right technology! Whether we like it or not, rental property management apps are an integral part of a landlord’s toolbelt.  There are many top-rated rental property management apps that landlords should consider adding to their toolbox. These tools include tenant management, financial dashboard, listing, and screening apps. All of these tech tools help property managers to be more efficient.

17. Take advantage of social media

Social media is an important daily habit to establish. Every company you use or work with will have a platform where you can access and interact with their content. Don’t panic – it doesn’t mean that you need to sign up with every platform available and try to make a viral TikTok. If you’re not social media savvy, you can start with Facebook or LinkedIn and learn about how to use it from Youtube tutorials or blog posts.

18. Automatic payments

Rent collections can be very frustrating: especially frequent bounced or late payments. Property managers have the added burden of having to explain past-due collections to landlords. When tenants aren’t paying on time, it increases your workload and results in having to “chase” for payments. Online billing and automatic payments have made collections easier and become a streamlined, automated way to manage collections. Successful property manager adopt these processes for each of their properties.

19. Keep on top of your metrics – don’t just check your bank balance!

property market metaphor

Interpersonal skills

20. Communication

Don’t leave anybody hanging, and on the flip side, don’t hesitate to check on things or chase for an answer. Let people know the best ways to communicate with you, and remind them of this. A great habit to have is an introduction email/message including your contact details, contact hours, and a friendly message setting out how you can help.

21. Be approachable

One of the most important habits of successful property managers is communicating that people can contact you will help to stop things from going unnoticed or unreported. A friendly demeanour will go a long way, as will letting people know that they can come to you for all manner of things. Coming across as intimidating, uninterested or unapproachable is not good for business.

22. Be available

We repeat: be available! It’s so important to be available to whoever is depending on you and your service. Setting out clear boundaries with your availability and working hours ensures you still have a work-life balance. During your ‘office hours’ make sure your phone is on loud, and that someone will be able to field enquiries if you are busy.

23. Consistency – be reliable!

Successful property managers have a habit of focusing on offering customers true value for their money. As your business grows, it can be tempting to cut corners to keep profits up or to make your life easier. Your reputation as a successful property manager will largely depend on you providing consistent value. Show integrity and provide value by involving yourself and your business in the local community: support schools, charities, and social groups to build your reputation and show that you care about more than your profits.

24. Practice good customer service

Manners, politeness and good customer service cost nothing! This should be a mandatory habit as a part of your daily business!

25. Develop a system for finding your ideal tenants

a property manager working from home

Networking makes successful property managers!

26. Join Facebook with other property managers groups for support

You will find a treasure trove of information from your peers amongst online forums and groups. They will reach out for advice, just as you can ask in return! You may learn tips and tricks, connect with useful contacts or even make friends with other property managers! It’s also a great source of inspiration and ideas.

27. Establish good relationships with contractors

Successful business owners aren’t afraid to seek professional assistance – they accept that you can’t be an expert in everything. Whether through the buying process, selling, decorating, building or designing, an expert opinion from a trusted professional can make a significant difference in the long run. As your business grows, establish relationships with an experienced group of professional partners to help along the way. When the most difficult parts of the process are in good hands, the entire journey is smooth and low stress. Then, as a business owner, you are free to focus on higher-value tasks that require more direct involvement and ownership expertise.

28. Look for ways to improve and educate yourself

There are endless options online for courses, blogs to read etc. It can feel overwhelming! We recommend reading the Oasis Living blog. Posts include (but are not limited to) Property Investment, Where Do I Start? and EICR Certificates: What You Need To Know.

29. Ask for feedback

Feedback is the best way to improve! Checking in with tenants and landlords to make sure they are happy is a great place to start. Sending out an annual survey is another good chance to discover areas where you need to improve.

30. Be proactive!

Plan ahead. Sometimes it’s hard to see through the excitement of opening a business, earning your first dollar, and settling into a routine. However, successful business owners think to the future amid the excitement and growth. A strong financial foundation and a well-organized plan keep businesses prepared for emergencies big and small. In addition to crisis planning, you should also form a succession plan to make your eventual business exit easier for heirs, employees, or any other stakeholders. It also ensures the business doesn’t fall into the wrong hands or crumble without your involvement.

Oasis Living

Alongside our lettings, Oasis Living makes the experience of property maintenance hassle-free for both landlords and tenants. An oasis, if you will. We not only provide a property management service, but have a blog and podcast full of advice, tips and tricks.

The team of prop-tech entrepreneurs behind the software have formulated an easy-to-use automated system, as well as inclusive packages that are cheaper than the high-street and majority of online letting agencies. With a 24-hour phone line, flexible payment options, trusted handyman directory, and much more, Oasis Living makes it easier for tenants and landlords to handle issues easily.

Using our full scale networking platform makes maintaining a property become as simple as ordering your favourite Deliveroo. We hope you’ve enjoyed our rundown of the habits of successful property managers! If you have any questions, feel free to contact the team and we’d be happy to help.

Best Places to Live in London

So where exactly are the best places to live in London

London is the biggest city in England, with a population of over 9.5 million.

As it’s one of the most famous cities in the world, it’s important to think about what is right for your situation, and not get caught up in generalisations and stereotypes!

tower bridge tourist attraction london

Things to consider when you move to London

  • Financial status
  • Age
  • Work/how much time and money you want to spend on your commute
  • Interests and activities

What to consider for family life in the suburbs

  • Has an active community with resources for activities, childcare or sports
  • Is quieter and more family-friendly than the hustle and bustle of the city
  • Is in a good catchment area for your ideal school choices
  • The area is safe
  • There are plenty of places for both children and adults to socialise

What to consider as a single young professional seeking new opportunities and the London nightlife

  • An easy commute to and from your office
  • Is near to pubs, bars, restaurants and cafes
  • Is close to your friends
  • Within close proximity to your gym or other activities
  • As with all properties, is within your budget London can undoubtedly provide you with a modern lifestyle.
    living in a house in london

 

The best places to live in London: north vs south, east vs west

Despite every local Londoner’s strong opinions, there is no “best” region. It all depends on your wants, needs, and situation.

West London

This area is ideal for families that are looking for a beautiful and peaceful area. But this doesn’t mean that singles or young people can’t live there! It always depends on what you want and – certainly in West London’s case – what you can afford.

West London is known for:

  • Quiet neighbourhoods
  • Beautiful architecture
  • Good schools
  • Affluent residents
  • Premium cafe culture

East London

Until a few years ago, East London wasn’t known as a safe place to live. But now it has blossomed into a vibrant area with a bohemian vibe that attracts a lot of creative personalities.

In East London you can find:

  • Independent restaurants and boutiques
  • Great nightlife
  • Fashion culture
  • Green spaces and parks
  • Historic houses and museums
  • ‘Trendy’ residents

South London

Once poorly connected to central, South London is now an exciting area to live.   Residents of South London appreciate the balance this green region provides, as well as its stylish social scene.

South London is perfect for:

  • Green spaces and parks
  • Family-friendly areas
  • Interesting historic districts
  • A buzzing nightlife and drinking culture
  • Sports facilities and local teams

North London

This area lies north of the River Thames.   There is definitely a rivalry between South and North London.  But as someone unfamiliar with the city, it is important for you to do your own research and trust your instincts.

In North London you can find:

  • A community spirit
  • Family-friendly areas
  • Historic buildings and areas
  • Places for children and families

Central London

The last region is Central London.  It is home to popular areas like Covent Garden, Oxford Street and Leicester Square. This is the area people picture when they imagine London!

Central London is more famous for its nightlife than its housing.

You’ll find:

  • National Museums
  • Lush parks and gardens
  • Bustling markets
  • Buckingham Palace
  • The Tower of London
  • A lot of red buses and phone boxes

london phone boxes in the rain

Best Places to live in London for Families

Moving to London with your family requires a different strategy than if you were to move alone. Different things are taken into consideration, and priorities usually change.

Instead of a bustling nightlife, you might now be seeking a calmer neighbourhood with good schools.  We’ve listed the best family-friendly places for Londoners to live below.

Isle of Dogs

It’s not actually an island, but this area in East London is situated right on the River Thames. In 2019, the Sunday Times named Isle of Dogs the number one spot to live in London.  In the past, couples often moved out of “The Isle” (as it is called by locals) once they had children, and this area was once dominated by young professionals.

The Isle of Dogs is just a short walk to the major business district, Canary Wharf, and only 15 minutes from the city centre. Thousands of flats are being built close to Canary Wharf, and the population is expected to rise dramatically.  The average property price is £686,334 and is expected to increase as the Isle gains popularity. This is your chance to secure a new home with impressive views of the river!

Blackheath

Blackheath is a small country-like town in South East London, in the Royal Borough of Greenwich and Lewisham. It can even feel like you are not in London anymore, but the city centre is no more than 25 minutes away by public transport.  Residents love the escape from the city life that Blackheath gives them.  This “village” consists mainly of beautiful Georgian style properties worth an average of £546,119, which is 8.7% below the London average.  The average age in Blackheath is 36, making this community a nice place for both young families and young professionals.

East Finchley

East Finchley is in the London Borough of Barnet in North London.  It is an established middle-class neighbourhood with excellent schools, affordable houses, and efficient public transport.  East Finchley is on the Northern Line and in Zone 3 so just 25 minutes to London Bridge.  While there are a number of million-pound homes, there are reasonably priced homes for first time home buyers and those with more modest budgets. There is plenty for kids to do in this area thanks to the parks, public spaces, and nearby neighbourhoods.  The crime rate is also relatively low, making this a great place to raise a family.

Richmond

Famously beautiful Richmond is located right along the River Thames in South West London and is one of the most desirable suburbs in London.  It is also the only borough in London situated on both sides of the river!

It is also home to the largest royal park in all of London, Richmond Park, spanning 2,500 acres of grassland.  The park is a national nature reserve, with herds of deer and wildlife enjoying the lush greenery.  Richmond is just 8 miles from central London, making its location quite attractive to locals.

In this charming borough, you can find pretty much anything you need.  There are theatres, cinemas, parks, good schools, shopping and restaurants. This affluent area is definitely on the expensive side. But if you are looking for a safe place with a beautiful architecture and a short commute to Central London, Richmond upon Thames is the place to be.

Streatham

Streatham is located in the South West London Borough of Lambeth, just 5 miles away from Central Station. Despite not always having the best reputation, millions has been spent in an effort to revamp this up-and-coming London Suburb.  There is a wide variety of types of residential properties in the area, giving buyers many options to choose from.

In addition to its parks, restaurants, and coffee shops, this London suburb is also home to the award-winning live music and comedy club, Hideaway.  If you are a family looking for an affordable alternative to Clapham, Balham, and Brixton, Streatham might be the place for you.  The average cost of a home is 13.4% below the London average making it one of the best affordable places to live in London.

Hampstead

Located in the North West of London, Hampstead is an affluent neighbourhood in the London Borough of Camden.  Although it is only 4 miles from Central London, there are no tourist attractions here.  As one of London’s most beautiful neighbourhoods, Hampstead has a village-like feel.   The average home price in Hampstead is £1,436,669, with properties even selling as high as £4,950,000.

This area is actually home to more millionaires than any other area of the UK! Due to this, Hampstead is home to many posh boutiques, speciality food shops, and high-class restaurants.  If you can afford it, the safe and charming neighbourhood of Hampstead definitely makes an exceptional place to live and raise a family.

Crystal Palace

Crystal Palace has been named the Best Place to Live in London in the 2022 Sunday Times Best Places to Live report. ‘Family fun and a hint of underground culture are taking this lofty southern suburb to new heights,’ say The Sunday Times.
They say a ‘glow’ is coming back to this village-like location with its parks, period mansions, cool cafés, indie shops, strong schools and panoramic city views. From the streets that make up Westow Triangle, to Crystal Palace FC, aka the Eagles, and the Italian-style pedestrian tunnel which is undergoing a £3.2 million restoration, Crystal Palace has earned its spot as the best place to live in London this year.

 

london westminster underground station

Best Places To Live in London For Young Professionals

Notting Hill

You’ve almost definitely heard of Notting Hill, especially if you are a fan of romantic movies. Located in West London, Notting Hill is filled with high-end restaurants, casual cafes, and boutiques.  Notting Hill is also home to the famous Portobello Road Market, one of the most famous markets in London, as well as various well-known festivals and carnivals.  This affluent district offers families a safe and vibrant place to live, but it comes at a price!  In Notting Hill, the average cost of a home is £2,017,749. You can see why the area is seen as one of the best places to live in west London.

Fulham

Famous for its wealth and prosperity, is located in South West London, within the borough of Hammersmith and Fulham.  It’s now one of the most expensive areas in London and offers the public several parks and outdoor spaces.

It’s home to a collection of high-end restaurants, bars and pubs. A stone’s throw from the River Thames, you can enjoy lovely riverside walks.  It is a popular place for upper-middle-class families, with the average property price being around £1,106,844.

Kensington

Kensington is an area in Central London in the Royal Borough of Kensington and Chelsea.  It’s moments from the River Thames and the famous Hyde Park.  Some of the world’s most well-known museums are in Kensington, such as the Natural History Museum and the Science Museum. It is a safe place to live, and is home to an exceptionally stylish nightlife, making it ideal for both families and young professionals.  Though settling down here is not cheap, the price is worth it to live in one of the best places to live in London.

Hammersmith

Hammersmith is a riverside district located in the West London Borough of Hammersmith and Fulham.   Here you can find cosy cafes, riverside walks, and trendy pubs, as well as offices for some of the largest companies in the city, such as Coca Cola, L’Oreal, and Disney.  This makes Hammersmith an ideal place to rent for various types of people. Another upside to Hammersmith is its accessibility to Heathrow Airport and Central London via the Tube. Favourable schools and a bustling nightlife keep young families and professionals from moving.

London underground

Herne Hill

This area is located between the London Boroughs of Lambeth and Southwark, is one of South East London’s trendiest places to live.  Herne Hill is located 5 miles (8 km) from Charing Cross and offers excellent transport links, making its location highly desirable.  In Herne Hill, lively pubs, upbeat boutiques, and trendy galleries are coupled with peaceful residential streets, providing locals with a cultural oasis.   Due to its growing popularity, property prices have recently increased, but there are still many affordable flats and homes available.  Last year, the average cost to buy a flat in this area was £449,669. Terraced properties sold for an average price of £1,062,580

Herne Hill is home to one of the best parks in London, Brockwell Park, which hosts nearly 4 million people annually.  If you’re looking for an affordable neighbourhood that’s got it all, look no farther than Herne Hill.  For those of you who are looking for safe places to live in London, without sacrificing the upbeat nature of the trendiest neighbourhoods, this chapter is for you.

Islington

The London Borough of Islington is located just north of the city centre.

This North London district includes prominent areas such as Kings Cross, Archway, Finsbury, Highgate, and more. Islington offers a broad spectrum of property types, with the average 1-bedroom flat leasing for about £1,764 per month. This is an attractive borough for young professionals partly due to its abundance of start-up companies situated around Old Street, playfully named “Silicon Roundabout.”  With 10 tube stops in the area, Islington is really well connected by the Underground, as well as bus routes that run both day and night.

In addition to the thriving property market, this borough is home to an impressive culinary and nightlife scene.  Trendy restaurants, pubs, galleries, and boutiques line the streets, making Islington one of the most desirable boroughs for young professionals. One of the most up-and-coming areas of Islington is Highbury. Highbury is described by The Sunday Times as a “middle-class staple” with a “belt-loosening roster of restaurants”. The average price for a 1-bedroom property in Highbury is  £1,764 per month, making it lower than the London average.

Clapham

Clapham is a South West district of London, located in the London Borough of Lambeth and Wandsworth.  This spirited district is one of the trendiest places in London. It’s widely considered to be one of the best places to live in south west London. It borders Brixton, another desirable neighbourhood with lots of nightlife and entertainment.  Clapham offers excellent transport links to and from the city centre.  If you prefer to cycle, the Supercycle Highway CS7 also runs through this area, giving residents another transportation option.

Another advantage of living in this area is Clapham Common. This 220-acre triangular park includes 3 ponds, jogging paths, and is open to the public 24/7. In Clapham, the average cost of a flat is £2,262 per month.  Many social professionals are already living in the area, but still existing is a community-minded and family-friendly atmosphere, making it one of the best places to live in London.

london homes

Wandsworth

The London Borough of Wandsworth is situated along the River Thames in South West London. Wandsworth has also been voted as the best place to live in London.  This honour comes as no surprise due to the lovely parks, poplar restaurants, and connectivity to other parts of London.  In Wandsworth, you can also find the freshwater open-air pool, Tooting Bec Lido.

Neighbouring 3 popular commons, Balham is one of the most favoured areas in Wandsworth. It is also considered to be a good neighbourhood for first time home buyers, “offering slightly better value for money than nearby Battersea…”

It is a lively area ideal for young professionals, as it offers a safe community, as well as fantastic shopping, restaurants, and great pubs.

Residents move here for the beautiful Victorian architecture and excellent transport links. Located in the heart of Wandsworth is Northcote Road, one of London’s most thriving high streets with restaurants, entertainment, and shops. The average price for a 1-bedroom rental in this desirable area is about £1,856 per month.

Bethnal Green

Bethnal Green is an area in the East End of London, as part of the London Borough of Tower Hamlets.  It is an ever-popular area for young professionals.  The surprisingly affordable average rent for a 1-bedroom property in Bethnal Green is £1,052 per month.  This is far more affordable than its neighbours, Hackney, Shoreditch, and Dalston.  It’s the perfect area for those looking to be near the best nightlife, as well as having easy access to central London.  Although fantastic for young professionals, the area is a great option for families, as it hosts multiple schools with “outstanding” Ofsted ratings.

Camden

Infamous Camden is located in North West London, very close to central London.  Once home to Amy Winehouse, and even Charles Dickens, Camden Town has an interesting history and is notoriously favoured by the youth.

The largest pub in Europe is (apparently) located in Camden, along with some of the best live music venues in London.  The vibrancy of the nightlife in Camden is unbeatable! This vibrant area hosts an eclectic mix of restaurants, open-air markets, and street art. Property prices in Camden Town are among the highest in London due to its desirability and exciting atmosphere.

On average, a 1-bedroom flat will cost you around £1,600 per month.   If a bustling nightlife and endless entertainment are your priorities, Camden is perfect for you. Young Londoners see Camden as one of the best places to live in North London.

Hackney

Young professionals are migrating to East London at a speedy rate, and Hackney is often first choice.

North East of the city centre, in the London Borough of Hackney, just 5 miles from central London. This part of London is an incredibly alluring area for millennials as the overground efficiently connects Hackney to the rest of London.  This is one of the fastest-growing areas in London due to its vibrant nightlife, trendy pop-up stores, endless museums, and creative atmosphere.  The rise in popularity and high demand for rental property has already made Hackney one of the most expensive boroughs in London.

Bermondsey

A hidden gem found just moments from London Bridge located in the London Borough of Southwark.  It has made The Sunday Times’ “Best Places to Live in London” list for 5 years in a row!

Historically an industrial district, Bermondsey has flourished into an area with chic warehouse flats, great pubs and riverside restaurants. Residents are attracted to the prime location and riverside lifestyle.  The Underground station is on the Jubilee Line, with just a 10-minute commute to Bond Street. The average 1-bedroom apartment rents for around £2,000 per month.

Leyton

Another East London area, though less well known, quickly growing in popularity, Leyton is home to Queen Elizabeth Olympic Park.  As neighbouring East London areas are becoming more popular, residents are looking for a new neighbourhood to upgrade to.   This area is blossoming and has everything they’re looking for. It is a diverse neighbourhood with a community vibe and lots of green space.  Housing prices are still in the affordable range, and buyers are taking advantage of this opportunity to expand their homes.

About Oasis Living

London is a city filled to the brim with culture, history, and excitement. Making it one of the world’s most visited cities. With 2000 years’ worth of stories that make London so unique and exotic in its own way. There are endless opportunities for visitors. From fine food to theatrical performances or strolling through Hyde Park at night. One of the best ways to find an exciting place in London is by moving into one.

Oasis Living offers a variety of homes from which you are sure to choose something. Get ready to excite your senses and make settling down great fun. We are the experts in finding new homes for our clients. If you’re looking for a fresh start. Come visit us today. Let us show you some of London’s most beautiful properties. All while saving your time with an expert property search that will help match what is important to YOU.

To conclude

Moving to London is exciting, but also overwhelming due to its size We hope this guide helps your research!

Property Investment: Where do I start?

Property Investment

You’ve undoubtedly heard success stories of how property investment has given your peers financial and lifestyle freedom. But investing in property also comes with a degree of risk and responsibility, so it’s important you know what to expect if you’re eager to invest in property for the first time.

This detailed blog post explains how to invest in property, the varied opportunities that are available to you and everything you’ll need to consider before you take the plunge!
saving to invest money in property

Is property investment worth the money?

Property remains a solid and secure investment, despite the economic uncertainty brought on in recent years. Most recently because of the covid pandemic. Property prices in the UK have relentlessly skyrocketed since 2020, with the stamp duty ‘holiday’ fuelling buyer demand, with nationwide growth of 8.8% reported in the Halifax’s June 2021 price index.

On the other side of the market, rental demand has also increased, as tenants look for bigger spaces so they can work from home.

How much money do you need to invest in property?

How much capital you need to invest in property will depend entirely on:

  • On the strategy you’re adopting
  • Your budget
  • Where you’re looking to buy

For buy-to-let properties and development homes, you’ll inevitably pay more for a property in the South West, especially London. However, rental prices in the South West are also higher, which could be a positive financial gain. It’s important to weigh up your spending budget against the returns and yield you’re looking for. Whatever, and wherever,  you decide to buy, you’ll need to factor in at least a 25% deposit, as well as all the other costs involved in buying a property.

english semi detached properties

How will you finance your property investment?

First things first, consider how you’ll pay for your first buy-to-let property. If you’re hoping for a buy-to-let mortgage, you’ll need a hefty deposit. Most buy-to-let mortgages currently require at least a 25% deposit. That means for a property costing £400,000, you’d need a deposit of £100,000. Buy-to-let mortgages typically have higher interest rates too, so you’ll need to factor in how well your potential rental income covers your monthly mortgage payments and other costs.

Consider hidden costs

As well as your buy-to-let property’s purchase price, you’ll also need to factor in smaller costs such as:

  • Survey costs
  • Solicitor’s fees
  • Insurance costs
  • Stamp duty (if applicable)

property for sale sign

How you’ll manage your buy-to-let property

Once you’re in a position where you’re ready to buy your first rental property, you’ll need to start thinking about how you’ll manage it. Or, you might want to consider if you’ll get someone to manage it for you. Maintaining beautiful properties is great, but staying legally compliant is the single most important part of being a landlord.

While many landlords do this privately, by using a letting agent’s management services, you can help ensure that you:

  • Get great tenants in your property, who are well referenced
  • Remain compliant with more than 150 pieces of legislation, including gas and electrical safety
  • Fire, smoke and carbon monoxide safety
  • Deposit legislation
  • Right to Rent rules

A decent letting agent will also look after:

  • Tenancy agreements and renewals
  • Rent collection
  • Maintenance and emergency work
  • Inventories and property inspections

property investor working on finances

Types of property investment

In the UK, there are three main types of property investment opportunities: buy-to-let investments, property development, and new-build ‘flipping’.

Buy-to-let properties

You may have read stories saying the buy-to-let boom is over, due to legislation. Although it’s true that landlords are faced with more compliance than ever before, buy-to-lets remain a great investment. Getting on the property ladder is consistently difficult for younger people, so landlords who provide stand-out rental properties will see continued demand from tenants. If you’re looking for a long-term investment, where you’ll generate an income as well as any capital growth, buy-to-lets could be the right option for you.

Property development

Property development can be a great short-term investment strategy. In theory, by finding a property in need of renovation work, you can add value before selling the renovated home for a profit.

However, the return on your investment is subject to several factors, including:

  • The amount you paid for the property in the first place
  • Any costs accrued from renovation work and labour
  • How quickly any building work is completed
  • The current market conditions and demand from buyers

The more time you spend renovating, the more likely you could be effected by changes to the market. Costs can also rise over a long period of time, all of which can eat into your profits. For example, inflation fluctuates.

Where would you even purchase a buy-to-let property?

Auctions are a hidden gem! You can buy property at value and often homes in need of work come up as ‘lots’. Buying from an auction can sometimes mean a lack of knowledge about a property so always study the information pack and try to visit the property before bidding.

Like buy-to-let, you’ll need to stay on the right side of your finances when developing property, too, and factor in any nasty surprises that could delay your renovation work or cost you more than you bargained for.

But it’s possible to make great profits in short spaces of time if you do property development well and buy low, renovate cost-effectively and sell on quickly.

New-build property ‘flipping’

‘Flipping’ is one of those property investment strategies that often sounds too good to be true. It’s also a pretty trendy buzzword in 2022, and has several tv shows dedicated to it! Flipping sees a buyer purchase a new-build property off-plan during a development’s early stages. Then, in an emerging market, they sell the property for an increased price once the build is complete.

In layman’s terms,  ‘flipping’ is a way to make money from a property with minimal effort.

But it’s a risky strategy for several reasons:

  • In a crumbling market with low demand, you could be stuck with a property you can’t sell
  • The building process could be delayed, and the market could change in the meantime
  • New properties can drop in price if they’re sold quickly by their first owner as, technically, they’re no longer ‘new’

How can I invest in property without buying?

Real Estate Investment Trusts (REITs) enable you to invest in property without actually becoming the owner of the asset. Instead, you invest in the trust that buys up properties and rents them out in the same you would if you were to become a landlord. You’re then paid dividends based on how the trust’s properties are performing.

Because of the way returns are paid to investors, REITs come with certain tax stipulations, so always consult with an independent tax advisor before investing.

a 4 bedroom investment period property

How do I start investing in property?

If you’re keen to start investing in property, there are lots of things to consider.

Decide which property investment strategy you’re going to follow

How you invest in property will depend on the amount of capital you have to invest, whether your strategy is long or short-term. And, importantly, how much effort you want to put in.

If you’re keen to generate an income from property, you need enough money to invest. If you have a long-term view of your investment, a buy-to-let property may be the best option. But if you have a good amount of capital to invest, you might want to consider property development. Several mortgage lenders won’t allow you to borrow money to buy a property that’s not ‘habitable’. Finally, if you’re keen to take a step back from your investment, you could consider a REIT or ‘flipping’.

All property investments come with risks, so consider your options carefully and always seek expert advice.

Do some detailed research

Much of your success as a property investor will be determined by investing in the right property at the right price. Call it ‘divine timing’! You’ll need to consider your target market for renters or buyers and then look at suitable locations. E.g. if you’re looking to target young professionals, is it close enough to a train station or bus stops for their commute? If you’re looking to sell to a young family, what are the local schools like?

Become familiar with the various mortgage types

Getting a good mortgage deal can have a big impact on your profits. If you’re going down the buy-to-let route, your mortgage payments will eat into your rental profits.

Plus, if you’re looking to buy a run-down property to develop, you may not be able to get a mortgage at all and may have to consider alternative finance or spending more of your own capital. Always speak to an independent broker or financial advisor to discuss your funding options before investing in any property.

Make the right (smart!) offer

Whether you’re purchasing a buy-to-let, or a property to develop, or an off-plan new-build to ‘flip’, what you pay will be key to your success. But for investors, it’s even more important as it has a direct impact on their short and long-term profits.

Choose the right solicitor or conveyance for your property investment

This is where more research is needed. As an investor, it can pay to seek out a solicitor with experience in completing investment purchases. E.g., if you’re looking to buy a HMO, letting the property on a room-by-room basis, a conveyancer who specialises in shared living properties can help keep your purchase on track. Remember: the faster you can complete your purchase, the greater the boost to your profits.

Arrange  a property investment survey

When buying a property to develop, it’s common to find nasty surprises that eat into your budget and reduce your profits. If you’re looking to buy a property that needs work, complete a full structural survey. This way, you know exactly what you’re buying. A full survey will explore the property’s structure, flagging up any potentially costly issues with subsidence, roof problems or dampness.

 

purchasing a property pictured as a shopping trolley with a house inside it

Location Location Location!

One of the most important decisions you’ll make as a property investor is where you want to buy.

Location is critical when it comes to buy-to-let properties.

You’ll need to consider:

  • Property prices in your investment area
  • Average rent prices in that area
  • Rental yields
  • Potential regeneration or investment in the area in future years
  • Transport links and employment in the region

We can help with all of your property investment queries

Oasis Living properties are all serviced professionally and regularly to meet a good and efficient standard. We work a lot with our landlords to continually update and improve the efficiency of all of our properties. Find out more on how we can help you improve your property letting experience by visiting our tenant page. We offer great London properties for tenants of all shapes and sizes, with affordable rates and great locations!

The Best Letting Agents in London

Who is the best letting agent in London?

It’s a million-dollar question! There are thousands of reviews online to determine, the best top-rated letting agents in London (and the worst-rated letting agents in London for that matter). We’ve put together a list of letting agents in London who all have glowing reviews and have won awards for their services.

London skyline at night

Choosing your Letting Agents

The rental property market has dramatically expanded in recent years. This is due to the growth of buy-to-let and the increasing popularity of rental property as a long term investment. According to the Office of National Statistics, 20% of all households in England (4.5 million households) were renting in the private sector in 2015-2016. This has more than doubled in size since the 1980s and 1990s, so there are now 2.5 million more households in the private renting sector than there were in 2000.

A large percentage of landlords appoint an agent to handle the rental and the choice is extensive. There are extensive numbers of letting agents and the majority of estate agencies operating letting divisions. Given that the agent will be responsible for important long-term financial and legal matters, it is absolutely vital to choose the right one as letting agents are unregulated and there is no statutory standard for service or for fees.

 

London homes for letting agents

Branches all over London

Marsh and Parsons

Award-winning Marsh & Parsons was made in Chelsea in 1856. With over 160 years of experience, they are not only one of London’s longest established agents but also one of the most prevalent. There are office locations all over London.

Foxtons

Foxtons are one of London’s leading letting agents offering thousands of properties to rent. They have offices throughout London and Surrey offering thousands of properties to let. They boast longer opening hours, an award-winning website, mobile and email alerts.

 

properties for london letting agents to rent out

North London

Davies & Davies

This well-established independent letting agent has been managing sales and lettings since 1927. Davies & Davies were voted the 7th best Letting agent in the UK by the Best Estate Agent Guide 2019. This firm prides itself on its bespoke level of service and its socially responsible attitude towards the local community. If you’re looking for a collaborative partner, this award-winning agency could be for you.

Oliver’s Town

Oliver’s Town Lettings cover a wide area of London, specialising in Kentish Town, Camden and North London. The agency deals with buying, renting, letting and selling for landlord and tenants and have excellent knowledge of the areas they work in. The branch is said to be run by local experts who live and work in the area

Parkheath Lettings

Parkheath is a well-established lettings agent in North West London with a business philosophy of ‘sold on service’. The results speak for themselves, claims say that 99% of sales and lettings clients happy to work with them again in the future. Parkheath lettings agents offer excellent knowledge of the property market and reliable service. They’ve got offices in West Hampstead, South Hampstead, Belsize Park, Kentish Town and Kendall Rise.

Matthew James

Serving the areas around Dartmouth Park, Kentish Town and Tufnell Park, Matthew James is an independent letting agents. With customer reviews describing them as ‘efficient’, ‘friendly’ and ‘honest’, your rental property will be in safe hands. They have area guides on their website to help prospective landlords and tenants get to know the different areas they operate in.

PG Estates

If you’re looking for lettings experts in Islington, Highbury, Barnsbury, Shoreditch, Dalston, Hoxton, Haggerston and the City, PG Estates are a great choice.
Dedicated to establishing long term relationships with its clients, this agency has a wide range of property types on its books. They even help with short-term Airbnb lets!

Your Move Sterling & Co 

Based in Walthamstow, Your Move Sterling & Co is the place to go for friendly and professional lettings services in the area. As a landlord, when you let a property through Your Move Sterling & Co, you get access to a landlord portal for quick and easy communication. Their coverage includes Walthamstow, Leyton, Leytonstone and Chingford in North East London.

East London

Martin & Co

Ran by a local landlord, the Wanstead branch of Martin & Co provides a wealth of information on the surrounding area and property market. The team understands the needs of landlords and tenants, providing an honest and intuitive service to clients. The Wanstead branch manages property across Wanstead, East London and West Essex.

Dabora Conway

The experienced team at Dabora Conway lettings and estate agents put customer satisfaction at the heart of everything they do. Belonging to NALS (The National  Approved Letting Scheme), this growing business is committed to providing quality, tailored services. With glowing customer testimonials and a professional team of staff, Dabora Conway is a great choice for lettings in the East London area.

David Daniels

Winning the Property Agency of the Year Awards 2018 in the AllAgents Annual Awards, David Daniels is a trusted agency in the East London area.
Serving Newham, Tower Hamlets, Waltham Forest, Redbridge, Barking & Dagenham and Havering, David Daniels is a member of ARLA Propertymark, NAEA Propertymark and the National Approved Letting Scheme (NALS).
Combining highly qualified staff with close attention to detail and local knowledge, this agency provides a comprehensive service for landlords.

South London

C James & Co

For lettings in Wimbledon, Tooting, Colliers Wood and surrounding areas, C James & Co is committed to providing their customers with the latest innovations in Proptech.
C James & Co have dedicated teams of staff handling accounts, contracts and maintenance, ensuring each member is experienced and dedicated to their field. This agency stays on top of current regulations to protect landlords and their investments.

Ellisons

With an outstanding local reputation and a straightforward ethos, Ellisons are a registered office approved by The Office of Fair Trading, The Estate Agency Ombudsman Scheme and ARLA. With thousands of let properties in their portfolio, they are experienced in providing hassle-free transactions. They even offer free rental guarantee insurance to newly appointed lets. Ellisons letting agents serve Wimbledon, Morden, Raynes Park, West Wimbledon, Motspur Park, Colliers Wood and Merton Park.

Urban Patchwork

Urban Patchwork is an independent agent, based in Greenland Dock in Rotherhithe. A USP for this firm is their support of homeless housing and support. They are winners of a Best Estate Agent Guide Award 2020, 2021 & 2022 for coming in the top 3% of agencies in the country. Plus, they were a finalist at the Southwark Business Excellence Awards 2020 for Best Business for Customer Service

West London

Ludlow Thompson- Kilburn

With fantastic reviews on AllAgents, the Kilburn branch of London letting agents Ludlow Thompson comes highly rated. Described as professional, helpful and communicative, this agency covers Kilburn, West Hampstead and other West London areas. All the staff at Ludlow Thompson have undertaken industry qualifications to ensure professional property management at all times.

 

lettings agents working together

 

Oasis Living, the best London letting agents of them all

In true style, we’ve left the best until last – Oasis Living! An oasis, if you will. The team of prop-tech entrepreneurs behind the software have formulated an easy-to-use automated system. With a 24-hour phone line, flexible payment options trusted handyman directory, and much more, Oasis Living makes it easier for tenants and landlords to find each other. Using our full-scale networking platform makes renting a property become as simple as ordering your favourite Deliveroo.

We hope you’ve enjoyed our rundown of the Best London Letting Agencies in 2021! If you have any questions, feel free to contact the team and we’d be happy to help.

 

18 Property Maintenance Companies in London

What do Property Maintenance Companies in London do?

London property maintenance companies maintain rental properties for landlords. They do this by finding tenants, negotiating leases, and maintaining and securing the safety and function of premises.

They may be involved in contracts with tenants, for example negotiating leases, collecting security deposits, organising service charge payments and working with a budget. Their role may include resolving tenant issues and complaints, enforcing rules of occupancy and overseeing any renovations. 

a property manager in london handing keys to tenant

What to expect from property maintenance companies

  • Motivation and passion for the service they provide
  • Ability to screen and approve potential tenants
  • A high level of organisation
  • Familiarity with appropriate property laws, rules and regulations
  • Professionalism with both landlords and tenants (customer reviews are a great place to look for this information)
  • The ability to prepare and oversee the completion of appropriate property documentation where necessary e.g. a lease agreement  

property managers administering maintenance work

An A-Z list of property maintenance companies in London

Atkinson McLeod

Atkinson McLeod has facilities in Canary Wharf, Kennington, Wapping, Balham, and Hackney, and covers properties in these areas, as well as the City. They’re proud of their ‘targeted marketing strategy,’ which employs both online and offline media to help them find the right tenants for properties.

Central Housing Group

The Central Housing Group is a property management company based in London that has been acquiring and managing private rental properties for over 20 years. It’s impossible not to notice the constant positive reviews they get on a daily basis! The Central Housing Group offers a 5-year fixed rent scheme and claims to be able to rent out your property in as little as one week. Trust Pilot and Google Reviews also attest to their willingness to keep their promises.

City Relay

City Relay specialises in short-term rental housing. This London-based company takes pride in finding you short-term guests to rent your property through platforms like Airbnb and Expedia. This agency provides its clients with optimized listings that attract paying visitors quicker than the traditional method. They provide a service to help landlords relax knowing that their property is in good hands and is successful on a regular basis.

First Port

First Port is one of the most individual winners and finalists at the 2018 Property Management Awards. They have offices in Luton, Halesowen, Glasgow, and London. They are one of the most successful companies because of their ability to efficiently handle property management activities in every corner of the UK.

Harrisons

Harrisons, a Canary Wharf-based letting agent, considers themselves a ‘driving force’ in the east London property market. It is an award-winning letting agency, winning Estate Agent of the Year in E14 at the All Agents Customer Experience Awards 2015.

Haus Block Management

Haus is a London-based block management business committed to delivering excellent service to their clients. This company was only established in 2008, it has rapidly expanded to manage about 220 assets. It is characterized by their ability to provide a fast and reliable service while maintaining excellent communication.

Henley Homes

Henley is an efficient, progressive and design-led property maintenance company. They have a reputation for creating outstanding, award-winning homes, in and around the capital. Since 1999, they have become well recognised for our attention to quality and detail, as well as our focused approach to customer care.

property maintenance work being carried out

Leo Newman

Leo Newman has a group of highly experienced property professionals. The company is dedicated to providing cost-effective, bespoke services to landlords and tenants. They cover all areas of residential property, lettings, management, sales and investments. Their property experts have a decade of experience in developing and maintaining properties in London. Their team offers bespoke lettings, sales and management services. They have a vast network of contractors and workers.

Ludlow Thompson

Ludlow Thompson has branches all over the city and covers assets in all of them. They place a premium on ‘professional standards,’ requiring all its agents to complete professional industry qualifications.

Martin & Wright

Martin & Wright is another independent estate agent located in West Hampstead. They cover both rentals and property management in central and northwest London. They claim that their primary goal is to provide prospective and current customers, with an ‘honest, reliable, and efficient service.

My London Home

My London Home is a Westminster-based estate agency that prides itself on “technical, open, and equitable customer service. They’ve won awards before for their user-friendly website. Awards include “Best London Small Lettings Agency” at the 2014 Lettings Agency of the Year awards.

Outlook Property

Outlook has offices in Stratford, Leyton, Docklands, and Walthamstow, as well as one in Tottenham. They’re the largest independent estate agent in east London, and they belong to a range of non-binding regulatory bodies.

Paramount Properties

Paramount is a West Hampstead-based independent estate agency. Over the years, they’ve won several awards, including Best Property Management at the 2016 Lettings Agency of the Year awards.

Prime Property Management

 With a high number of 5-star ratings, the property management company is currently ranked first on trust pilot. Customers are consistently happy and pleased with the service provided by the London-based business.

Property Link

Propertylink is an innovative property management and sales company conveniently located in the heart of Wembley. They have a fully qualified team with experience in property and knowledge of the local area.

They aim to provide an efficient service ranging from mortgages, management, development and overseas investment properties. In addition, their other services include free sales & rental valuations, immigration reports, EPC, gas safe certificates, cleaning services, relocation & overseas properties.

Sterling De Vere

Sterling De Vee is a central and east London-based property management company that specializes in renting out rooms in HMOs. They are proud of their extended business hours and 24-hour service for landlords and tenants.

Streets Ahead

Streets Ahead has offices in Crystal Palace and Croydon, and they let properties all over London’s south. Languages are one of their biggest assets: staff members speak 14 different languages to facilitate contact between tenants and landlords.

example of property maintenance manager overseeing paperwork

Oasis Living: sit bank & leave the property management to us

In true style, we’ve left the best until last – Oasis Living! The online agency makes the experience of property maintenance hassle-free for both landlords and tenants. An oasis, if you will. The team of prop-tech entrepreneurs behind the software have formulated an easy-to-use automated system, as well as inclusive packages that are cheaper than the high-street and majority of online letting agencies. With a 24-hour phone line, flexible payment options, trusted handyman directory, and much more, Oasis Living makes it easier for tenants and landlords to handle issues easily Using our full scale networking platform makes maintaining a property become as simple as ordering your favourite Deliveroo.

We hope you’ve enjoyed our rundown of the property maintenance companies in London! If you have any questions, feel free to contact the team and we’d be happy to help.

Buy To Let Advice For Landlords

An Oasis Living guide for landlords: buy to let advice

We delve into everything there is to know about buy-to-let.

Buy to let mortgages

It’s critical to verify interest rates before investing in a buy-to-let home. Lower interest rates may make borrowing money simpler at first, but because they are likely to change in the long run, you should be sure that the revenue from your rental will cover the mortgage both now and in five years (for example) if interest rates rise.

A buy to let mortgage differs significantly from a mortgage for a house you own and reside in. For starters, the amount you can borrow is generally determined by the rental income you anticipate from the home. However, alternative sources of income are also considered in certain circumstances. As a rule of thumb, some lenders stipulate that your rental income must be 25% to 45% more than your mortgage payment. The terms of eligibility may also differ.

Do your research

We recommend that you complete your homework. Going to see a buy-to-let mortgage broker who can specialises in this area is a good idea. They can walk you through the different options available to you. You’ll get a better notion of what you can afford if you’re unclear whether you can afford to buy a property to let. If you have a substantial sum of money, you can consider whether you should put down a greater deposit on a house or even buy two.

wooden houses showing a house price sign and money

Location Location Location!

It’s tempting to secure yourself a bargain two-bed house somewhere in the north-east when you live in the outrageously expensive London, for example. But be careful: not being familiar with the area can lead to serious difficulties and even losses. You might be unaware of the market in the area. The demand for rentals in the area could be weak or falling, and the ban on most letting fees for tenants could mean estate agents vacate the area, so you could find it difficult to find tenants and let your property.

Should you decide to sell the property, you may find yourself needing to travel and possibly taking a financial hit. So do thorough research and… then do even more! Also consider the type of prospective tenants in the area: is there likely to be demand from young professionals, young families or students? That will also dictate the type of buy to let property you purchase.

Where could property prices increase the most?

Rental income is only one source of revenue from buy-to-let. The other, longer term return comes from any increase in the value of the property on resale. Another study, by Post Office Money with the Office of National Statistics (ONS), identifies the regions of the UK where property price growth is likely to be strongest in the coming years. Consider and research this aspect when deciding on a location.

What does the local area offer?

Choosing the location of your investment property needs to be the most appropriate choice for you and your investment.  It’s crucial to do your homework on the property market in the area where you want to invest. Any plans for nearby development could increase the value of a property in the future. One way to stay on top of this is to sign up to local newsletters. There are advantages to having an investment property close to your home, as it may be easier to manage the property on your own. Alternatively, if you employ a letting agent or property manager, your possibilities expand to a larger geographical area. It is necessary to evaluate the expense of utilising a lettings agent.

A location pin shows the location of buy to let houses

Old or new?

This is entirely a personal decision based on budget, preference, experience and how much time you have to carry out improvement works. Our suggestion is to seriously do your homework. New-build flats are appealing to tenants because they may make renting more convenient, although they are often more expensive than older properties. They also tend to be aesthetically pleasing to young professionals looking to rent.

There will be a lot of competition for the same renters from the owners of other new-build flats, so keep this in mind when looking for a buy-to-rent property. Whether you buy a new home or an older one, the amount of money you spend on renovations will vary drastically. While you do not intend to live in the property, someone else will, so it must be appealing to a potential tenant without being too expensive. It’s also critical to consider how you spend your time and money.

Weigh up the cost

You’ll have to wait a long time to see a return on your investment if you spend £12,000 redoing the kitchen. While the property could be filled with tenants faster, there’s always the possibility that potential tenants may do their research and choose a rental with an older but decent kitchen at a lesser price. Regardless, it’s critical that your home fulfils certain standards; a fresh coat of paint, as well as fixing any mould or damage in the bathroom or on windowsills, and installing a refrigerator, washing machine, and, if the space allows, a dishwasher are all smart ideas.

old and modern properties in london

Don’t forget the paperwork

Do I need a buy to let license?

Landlords in several parts of the UK are required to have a licence. To find out if you need a selective licence to rent out your property, contact your local council.

You may need an HMO licence if your property is an HMO. An HMO is characterised as a home rented to two or more households who share bathroom and kitchen facilities. However, HMO legislation and licencing requirements vary by council. To find out what the HMO guidelines are in your area, contact your local government.

Woman calculating the cost of buy to let mortgage and completing paperwork

 

Which is better: furnished or unfurnished?

There are no set rules concerning renting a property furnished or unfurnished, but it may help you attract ideal tenants. If you’re intending to rent to students, you’ll need economical, durable furniture that can survive student living and partying! Unfurnished properties can be more appealing for longer tenancies because tenants can choose their own furnishings and personalise the space. A third alternative is to rent a property that is partially furnished. If you’re ready to be flexible with the furniture you provide, it opens up your buy to let property to a larger market.

You’ve got your buy to let property, now what?

It is critical to have an ideal, reliable tenant ready to move in from the date of completion for a rental property to reach its full potential.

Once your tenants have moved into your rental property – congratulations! –  your number one priority must be ensuring that rent is collected on time. When it comes to collecting rent and other expenses, many landlords lack assertiveness. If you start slacking, you could find yourself chasing six months’ worth of late payments before you realise it. For those with a mortgage, you could quickly find yourself in financial problems with your lender. If tenants stop paying rent and ignoring emails and calls then you must start eviction proceedings sooner rather than later. Letting agents should have plans in place for late-paying tenants and will guide you through any potential legal conflicts.

Keep business separate!

Keep in mind that your buy-to-let property is not your primary residence. It’s a company, and you should treat it like one. Forget about your personal preferences and consider the property from the perspective of potential tenants. Decorate and furnish your property to appeal to a wide range of potential tenants rather than your personal preferences. Resist the urge to install high-end appliances as this adds little to the rental value. Expensive electronics will also have hefty repair and replacement costs.

Establish a positive connection with your tenants

Early on, building a rapport can have a tremendous effect. If you want to examine your property on a regular basis, and you’ll need your renters’ consent to do so. So, before inspections, give enough notice – and win their affection and trust with a few small gestures like a welcome hamper. 

 

a successful buy to let transaction handshake

Find out more about how Oasis Living can help you find the perfect tenants and improve your property management experience. Head to our website now or contact one of our property experts.

April 2022 Property News

Here is all the latest in UK property news!

Legal Pitfalls Stop Landlords Giving Homes to Refugees

Homes for Ukraine will see thousands of refugees transported across Europe to a new home in the UK. Housing Secretary Michael Gove has urged homeowners to open their doors to refugees for at least six months for tax-free £350 a month. But not every landlord who wants to help can offer refugees a home.

A Lawyer’s Perspective

Lawyer Christian Fox explained that as a landlord offering a room in your home is no problem, but inviting refugees to move into a flat, house or self-contained annexe could inadvertently create a tenancy.

Fox said: “There are legal pitfalls to consider that can affect the resident and those they seek to shelter.

“Offering anything other than a room in your own main home, for example, an annexe or separate property, can inadvertently create a tenancy. It is far better for both parties to understand the way they can extend or terminate the agreement now, rather than risking acrimony or legal action later.

“There are also questions around responsibility for property maintenance, insurance and payment for utilities and council tax that need to be considered before, rather than after, the event.”

Ukrainian refugees wave flags

 

Rent Prices Surge 8.6% In The Past Year

In the latest UK property news, despite the onset of a cost-of-living crisis, energy prices soar and rent surged 8.6% in the past year.

How much rent are tenants having to pay?

Tenants are forking out an average of £1,069 a month rent – up 0.5 per cent from February and a rise of 8.6 per cent in the year. London landlords saw rents fall by 0.2 per cent to £1,757 a month, an 11.8 per cent increase from 12 months earlier.

A closer look at the data

The data from tenant referencing agency Homelet also revealed the East Midlands was the only part of the country to see a rent price fall last month, dropping 0.1 per cent – equivalent to a pound off the rent – to £745 a month. The largest increase of 1 per cent was recorded in the South West, West Midlands and the South East.

An expert’s opinion on 2022 rent trends

Homelet CEO Andy Halstead said: “The second month of 2022 followed largely similar trends to the first, with the average rental price across the UK continuing to rise month-on-month. The housing supply required to meet the demand sadly isn’t there. So far this is a trend that will continue to appear throughout 2022, barring an unexpected change.

“It is interesting to see Greater London record a small dip after a sustained period of resurgence, albeit the dip is a relatively small one.

“The cost of living crisis is likely to intensify as the months tick over, due to inflation and rising energy prices. So it’s more important than ever for landlords to consider rent protection products. Ensuring they are sufficiently protected against the unpredictable nature of the current situation.”

Tenants calculate rent surge prices within their rental property

Ministers hint at what’s coming in Rent Reform Bill

Landlords will find out the government’s plans for Section 21 no-fault evictions within weeks.

Justice Minister Kit Malthouse confirmed a policy response would arrive soon as part of the Rent Reform Bill. He added the Housing Department are looking at banning Section 21 but still giving landlords a legal tool to make evictions easier. They are also considering a new housing court.

Meanwhile, a landlord database for England is moving closer as the government has advertised for a policy adviser to take charge of data protection and developing penalties for the measure. The post is full-time and comes with a salary between £36,337 and £39,598 a year. Housing department officials have not publicly confirmed the database is happening, although details were released earlier this year as part of the Rent Reform Bill.

Tenant made of wooden block is waving a flat about rent surge prices

 

Surprising property news: 8 out of 10 Tenants Happy With Rented Homes

Contrary to the bad press that often follows buy to let investment, 85% of tenants are happy with their landlord. A survey by think-tank Social Market Freedom also found 81% were pleased with their homes. The negatives included renting being more expensive than owning a home, a lack of control over decor, poor energy efficiency and a ban on pets.

The Pros of Renting

However, a positive was not having to arrange or pay for repairs and other housing costs, like insurance. The report also disclosed half of renters expect to own a home within 15 years. By 2035, 50% of renters will be aged 45 or older.

 

8 out of 10 Tenants Happy With Rented Homes

 

Cladding Crisis Costs Landlords £40k Per Flat

The latest property news surrounding the cladding crisis: landlords with buy-to-let apartments might have to pay millions to strip blocks of dangerous cladding. Professional landlords with two or more rental flats were excluded from the £4 billion rescue plan for homeowners and accidental landlords announced by Housing Secretary Michael Gove.

Michael Gove announced in January 2022 that housing developers must pay to fix the cladding crisis. Mr Gove states that a plan of action is decided, including remediating unsafe cladding on buildings 11-18 metres tall. He warned that he would take all steps necessary to make this happen. Including restricting access to government funding and future procurements, planning and the pursuit of companies through the courts. He added that if industry fails to take responsibility, the government will – if necessary – impose a solution in law.

Just how much is the cladding crisis going to cost?

Developers across the UK could pay an average cladding replacement bill of up to £40,000 for each apartment they own. Some landlords in London have even larger bills – having to fork out up to £100,000 per apartment.

How does this effect those already paying for cladding removal?

Many flat owners have already been handed large bills to pay and have started to make payments. A cap of £10,000 for homes outside London and £15,000 for homes in the capital will protect landlords. Any bills already paid out by leaseholders over the past five years will count towards the cap. This includes extra costs flat owners have had to pay, such as for fire patrols. What is cladding and how does it affect flat owners? Cladding is the process of adding a new layer of material to the outside of a building. It can increase insulation or weather protection or to improve the building’s appearance. But some cladding is combustible, prompting a building safety crisis affecting thousands of homeowners.

How many people are impacted?

There isn’t an exact figure for this. The government says that as of 30 November 2021, 407 buildings had cladding removed. A further 70 still require the removal of cladding (although work had already started on 41 of these). However, these figures only cover buildings that are over 18m tall, with the type of cladding used on Grenfell Tower. The government does not supply regular statistics on other types of building. Half a million people are living in a building with unsafe cladding, the Association of Residential Managing Agents says.

What are investors saying?

Experts at investment managers Fidelity claim the decision may leave buy-to-let apartment landlords as mortgage prisoners in blocks renters don’t want to live because of the risk of fire and lenders devalue their investments.

cladding crisis metaphor

Oasis Living

Online letting agents are a great aid in keeping your property running and profitable and offer greater value to landlords. With reduced service costs and no commissions, they are more affordable alternatives to high street agents. Moreover, unlike conventional agents, online letting agents give landlords more control in their property matters. If you are facing property maintenance issues or looking for a reliable online letting agent then contact us today!

 

EICR Certificates: What you need to know

37,000 house fires occur each year, many of which are sparked by electrical faults. Statistically, fires are most likely to occur in rented homes. The risk then doubles for tenants in older properties, according to the government’s English Housing Survey.

Electrical faults are among the most common causes of fire in the home. Around four people a day are injured, and 70 people die each year. Every privately rented home should have sockets and electrical circuits checked regularly by law. This includes existing tenancies from April 1, 2022. Here’s a guide to landlords‘ electrical installation safety reports (EICR).

 

EICR fire safety extinguisher

What is an EICR?

An EICR is a comprehensive check of the fixed wiring of the electrics in a rented home.

EICR wires to be tested within the home

The report is a snapshot of the state of the electrical wiring in the home. This is to find out if the circuits are safe and comply with modern standards.

To produce the report, a qualified electrician will visit the buy-to-let or shared house in multiple occupations (HMO) to test the underlying electrical system.

An electrician will test each circuit, the fuse board, and other aspects of the property’s electrical installation that are generally invisible. Including identifying any potential fire hazards or electric shock risks.

The fuse board must be up-to-date with the latest electrical safety regulations. This requires circuit breakers that work and RCD protection. RCDs are devices within the circuit that stop people from suffering electric shocks if they touch a live wire or component.

Any faults are coded as: immediately dangerous (C1), potentially dangerous (C2) or recommended tasks that are not unsafe (C3).

C1 faults need fixing there and then, while C2 issues are less of a danger that the electrician can leave for a while. C3 faults are not unsafe but warning signs that something is not right and will likely worsen.

How long does it take?

The duration of your EICR inspection depends on the size and condition of the property. If the property has a complex electrical system, numerous circuits and possible issues, the time will naturally take longer. Generally it takes around an hour to inspect a small flat whereas larger homes could take up to approximately 3 to 4 hours.

carrying out EICR inspection for landlord

When do landlords need an EICR?

The law states that landlords need to conduct an EICR at least every five years.

It’s essential to have an EICR, as the report confirms a home complies with ever-changing regulations. Houses can pass an EICR with flying colours, but fail the next test as rules are updated.

  • Tenants already living in a rented home need a copy of the report within 28 days of the landlord receiving a copy from the electrician.
  • From April 1, 2022, landlords must give a tenant a copy of the report before they move in
  • Landlords should also hand prospective tenants a copy of the EICR within 28 days of receiving their written request.

EICR rules state that landlords should send the report to the local housing authority within seven days of receiving a written request.

It is also worth mentioning that landlords and letting agents must provide tenants with 24 hours notice before any visits to the rental property. No landlord, letting agent or contractor should enter the property without consent from the tenant.

Fire safety included within EICR certification

What if a property fails the checks?

Electrical faults can cause serious accidents and are the cause of almost half of all UK household fires. These statistics are alarming, and failure to comply with regulations and EICR safety standards will be taken very seriously.

If the EICR decides that a home’s electrical installation requires immediate repair or defects require further investigation, landlords must contact an electrician.

Landlords must also give tenants the updated EICR and a letter from the electrician, to explain what remedial work was needed.

Landlords must provide an EICR Certificate before tenants move in and local authorities have the responsibility to regulate the enforcement of these safety standards. They also have the authority to issue civil penalties for non-compliance, up to £30,000 per breach of these regulations.

As a landlord, following EICR standards is essential, failure to do so will not only place you at risk of legal and financial ramifications. Most insurance companies will not provide you with their services, or could reject claims connected to failure to follow EICR regulations. Compliance when it comes to health and safety matters, even if a property and its internal instillations are brand new, or even if you have never had any issues with them. This is no guarantee that the property is safe and its electrical fixtures are up to the standard regulated by UK legislation.

Can any electrician do the checks?

The legislation talks about a ‘qualified and competent person carrying out the EICR. This translates to an electrician accredited by the standards body the NICEIC.

You can find an appropriately qualified electrician on the Electrical Safety Register, the NICEIC and STROMA websites.

How much does an EICR cost?

Expect to pay an average of £50 an hour plus VAT for the time the electrician is on-site. Checks can take three or four hours. Beware cheaper options as they may cut corners on the visual inspection and report-writing. These can take up to an hour each.

It’s a good idea to ask if the EICR check has any restrictions, like leaving out the electrics in a garage, outside sockets or garden lighting.

safety check for EICR certificate

What’s the penalty for not having an EICR?

Local councils deal with landlords who do not have an EICR. The council have the authority to fine landlords up to £30,000 for each EICR offence.

Councils can issue a 28-day notice to complete electrical work. If they ignore the notice, councils can perform the maintenance and charge the landlord.

About Oasis Living

If you found this article helpful, you may enjoy our article on Gas Safety for Landlords. We have so many more handy and helpful articles in our blog. Find out more about how Oasis Living can help you find the perfect tenants and improve your property management experience. Head to our website now or contact one of our property experts! We can’t wait to say hello!

Best Online Letting Agents in 2022

Online Letting Agents Master List…

We recently looked at online letting agents, and what they can offer to let and manage your property vs. the high street. In this article, we’re taking a deeper dive into some of the best online estate agents in 2022. Becoming an increasingly popular option for landlords now more than ever, it’s a great time to decipher who they are and help you gain a better understanding of what’s on offer. Here, we’ve included the top-ranked letting agents (according to Rentround) as well as a few more!

Openrent

Openrent has featured across numerous press publications, being a well-known online agent for landlords and tenants. Founded in 2012, some of their services include advertising on their site, other popular websites like Zoopla, and tenancy creation. There are also no tenant fees for tenant referencing for both parties alike, with 428,000 properties available to Rent. According to their FAQ page, they become the largest UK letting agent in 2015. 2.3 million landlords and tenants are registered, with an average turnaround time of six days!

 Price: £49 (Advertising & Rent Now Package) + costs for additional services.

Upad

Congratulations to the gold winner at The ESTAS Letting Agent Landlord Awards! Landlords using Upad can pick and choose the services they want to be included (or not) in each package. Using Upad, your property will be advertised to over 10 million potential tenants through sites like Rightmove, Zoopla and Prime Location. With over 40,000 successful lets, the company prides itself in personal support available 24/7. With their integrated dashboard, you’ll receive advert responses instantly, where you can manage them and arrange potential viewings.

Price: Fully Managed £599

purple bricks

Purplebricks

In the face of the virus, Purplebricks committed to providing the same premium listing and quality online letting services via Skype or WhatsApp. And for those who’d prefer an in-person valuation, the online agent offers its best to accommodate this request. Clients then receive a comprehensive valuation report and guided instructions on how to list their property fast. The next steps include creating a personalised advertisement, managing the listings, and closing the deal. Landlords receive the first month free, advertisements on Rightmove, and there are several packages for landlords to choose from, including a premium listing.

Price: Dependant on postcode and monthly rental income

Howsy

Featured in the likes of Forbes and The Guardian, Howsy focuses on making the rental process simple and transparent with smart tech. With 24/7 assistance – Howsy’s agents will help organise everything from rent collection to repairs. Some features include finding tenants, contacting and referencing tenants, collecting rent, performing inspections, and repair management. Tenants can book property viewings online, no upfront fees, no deposit, and the ability to manage your tenancy online. Renters will even receive restaurant discounts! Howsy also offer management for Build To Rent sites, with one happy landlord testifying that 92% of their rental revenue goal was attained.

Price: £89/month (inside London – Fully Managed)

dining room area featuring glasses and wooden table

LettingaProperty.com

A leading name in online letting agents since 2008, over 98% of customers recommend LettingaProperty.com to a friend or other professionals. They are also proud partners with The UK Association of Letting Agents, National Landlords Association, Safe Agent, and the Property Ombudsman, which means clients get access to a wide range of expertise and professionals in the field. You can also obtain a guarantee (via their platinum package) that ensures rent is paid on time every month (even if the tenant doesn’t). Zero excess home emergency cover is also included in this package.

Price: £149 listing fee & £99 per month from collected rent (Platinum Package) + costs for additional services.

The Online Letting Agents

The Online Letting Agents claim to work differently from a traditional estate agent. Before sending a lead to a landlord, they get further information from the viewer to ensure that they will be a suitable prospective tenant, saving the landlord time and effort. They also regularly review online advertisements to ensure peak performance. Currently, The Online Letting Agents are the highest-rated online letting agent on Trustpilot in multiple categories. These include property, property leasing agent, property rental agent, and estate agent categories.

Price: 5% pcm (capped at £85pcm) + £299 setup fee

mashroom letting agent represented by play on words mushroom

Mashroom

Nope, not mushroom – but mashroom – as featured on the BBC, Independent, Yahoo, MSN, and the Mirror. Registering with this online estate agent means you’ll get a free 30 day listing on Rightmove and Zoopla, access to a variety of property management tools and managed maintenance with over 7,000 contractors. Instead of a package system, landlords buy everything they need as individual add-ons. Additional help with insurance and mortgages is also available for those who need financial backing. Tenants can also invite landlords to join Mashroom and use the platform to coordinate viewings. If they list their property successfully, tenants are rewarded with a £20 Amazon gift card.

Price: Varies according to add-on selected

Lavanda

Lavanda is a multi-award-winning tech agency with global headquarters in London, UK. They open up your residential real estate portfolio to the full spectrum of demand in the market, so you can easily switch between rental strategies and fill vacant units with short and medium-term guests. The team of digital entrepreneurs and real estate have been working at the bleeding edge of “proptech” innovation since 2015. It’s unclear from their website just how much it costs to use their software, but interested parties can get in touch with them to find out more.

Portico

A browse through the website makes Portico feels like the Harrods tea room equivalent of an online letting agency. They offer low-cost self-service lettings, a handyman directory as well as management services for properties on Airbnb. Customers can also get special offers via Portico places – exclusive discounts from local businesses. This adds a unique touch! They offer three types of packages (Essential, comprehensive, concierge). You can find more information after getting in touch, as it’s unclear from their website just how much these packages are and the level of service you receive.

palm trees in the dessert against a blue sky

Oasis Living, the best online letting agents of them all

In true style, we’ve left the best until last – Oasis Living! The online agency strives to do exactly that – make the experience of renting hassle-free for both landlords and tenants – an oasis, if you will. The team of prop-tech entrepreneurs behind the software have formulated an easy-to-use automated system, as well as inclusive packages that are cheaper than the high-street and majority of online letting agencies. With a 24-hour phone line, flexible payment options, trusted handyman directory, and much more, Oasis Living makes it easier for tenants and landlords to find each other. Using our full scale networking platform makes renting a property become as simple as ordering your favourite Deliveroo.

Price: 5% of monthly rent + added benefits

 

We hope you’ve enjoyed our rundown of the Best Online Letting Agencies in 2021! If you think we’ve missed one, or have any questions, feel free to contact the team and we’d be happy to help.