Thriving rental market
Letting go: rental market is thriving says Farrell
Heyworth
Property owners with homes to let are in a strong position to
capitalise on the current housing market, say experts at Farrell
Heyworth.
The leading independent estate agent reports a sharp rise in
business within its dedicated residential lettings department as demand
grows for rental properties and new and existing landlords seek out
the company’s specialist services.
“The instability we’re seeing in the property market at the
moment means that many people are choosing to rent”, explains
Andrew Harding, head of lettings for the company, “perhaps because
they’re saving for a mortgage; worried about rises in lending rates
or have found a buyer for their property and are still loooking for
thier next new home to move into, so would rather live in short
term rental accommodation than risk losing a sale. Renting can be a
very practical stop gap”.
All of which is good news for people with a property with rental
potential on their hands – and it’s not just professional landlords
or newcomers to the buy-to-let market who stand to gain. “Take a
situation where a homeowner needs to relocate but is finding their
property slow to sell or wants to wait for the market to improve
before putting it up for sale”, explains Andrew. “The ideal
solution is to let that property. Renting out your home can also a
good way for, say, retired people to finance travel and be assured
of a place to come home to”.
A member of the Association of Letting Agents, with
sixteen years’ experience of letting residential property under its
corporate belt and a highly qualified team on board, Farrell
Heyworth is well placed to provide the advice and support necessary
for a trouble free tenancy. As Andrew says, “home owners new to the
idea of letting their property may find it daunting at first, and
that’s where we come in”.
The company offers two distinct levels of service:
- let only, where it makes full use of its high profile marketing
resources that include a state of the art website to find a
suitable tenant; arranges and accompanies viewings; carries out
credit and reference checks; prepares a tenancy agreement and
inventory and collects the first month’s rent plus deposit in
advance before handing responsibility back to the landlord;
and
- a full management service.
Customers who opt for the latter – and over 1,000 residential
properties around the North West are currently let on this basis –
can relax in the knowledge that Farrell Heyworth professionals are
collecting rent, making regular checks on their property, issuing
reports and carrying out maintenance while they reap the financial
and practical benefits”.
A family owned company and one of the UK’s top twenty estate
agents, Farrell Heyworth currently has over 20 branches
across the North West and offers its customers a comprehensive
property service that includes in-house legal
expertise and independent financial expertise.