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Regulation holds the key

‘Rip-off fees, ‘cowboy letting agents’, and the ‘property industry’s wild wild west’ are quotes that have been splashed around the media in recent weeks to illustrate the current residential letting market. GFW Letting backs the changes that need to be made to the UK letting sector, and call for more scrutiny and regulation.

Tenants A-Z of Lettings

Assured Shorthold Tenancy (AST)
This is the legal document you and the landlord will sign on the day the tenancy starts.

GFW Letting officially launches

The GFW Letting team is delighted to announce the launch of our brand new urban lettings service, as part of the North East’s leading rural property specialist, the George F. White Group.

Led by Holly Armstrong, 28, who has been rising through the ranks at George F. White since she started at the company five years ago, GFW Letting is a new business designed to cater for the ever-growing needs of the modern rental market.

Demonstrating the commitment of the George F. White Group to empowering young people, GFW Letting is made up of a team of five enthusiastic young professionals, including Law graduate, Holly, who bring with them a wealth of established experience and expertise to the modern rental market.

Our perspective on Shelter Research

Following this weeks report by Shelter into ending tenant agency fees GFW Letting thought it was only right to comment on this and give our perspective on where the lettings industry is going on this issue.

Shelter commissioned research into how much tenants were being charged to move into a rental property, they carried out a mystery shop of 58 agencies from six areas of England and they found that average charges were

Thinking of becoming a property investor?

With cash in the bank often giving lesser returns, more people are turning to property as a way to invest in their future.

Think about demand, not supply in the current rental market. You can look on property portals to get a general idea – but just because there’s lots of two bedroom flats available to let does not mean that this is what the demand is for. Speak to a knowledgeable agent – we often get enquiries for types of property that aren’t on the market but tenants wish they were.

In order to get better returns, it is usually best to split your cash and buy multiple properties with a mortgage. Spread your risk further by buying different property types. Potential legislation changes, oversupply in the market and increasing service charges may leave your portfolio exposed if you solely invest in one property type.

Do it right first time when it comes to refurbishment and furnishing. Tenants are increasingly expecting a better quality of rental property and young professionals want to leave behind student style furniture.

Make your property stand out from the crowd – tenants like properties with some personality!