St David’s Day Offer

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To celebrate the Patron Saint of Wales, the thawing of the snow and the start of Spring, High Yield Property Management, the low cost letting agent based in Cardiff are offering the following deals to landlords throughout March 2018:

  • Advertise your room or property to let on Spareroom and Zoopla for just £20.00 for a 3 month period
  • No tenant find fee (normally £150.00) for the whole time we manage your property whether single let or HMO when you switch your property management over to us in March 2018
  • Still our low cost, fixed price property management solution of :
    • £50.00/Month for single lets
    • £100.00/Month for HMOs

Get in touch via email info@HighYield.Property or call us on 0845 496 0000 our complete the online form to take advantage of our March 2018 offers.

Rent Smart Wales Bangor Agent Prosecution

simpsons judgeBangor based Letting Agent, North Wales Property has fallen foul of the legal requirement to be licensed under the Rent Smart Wales regime and has been fined £1,000 and ordered to pay £300 costs plus a £50 victim surcharge costs for trading without a licence at Cardiff Magistrates Court.

The Rent Smart Wales scheme requires all landlords renting property in Wales to register with it and for letting agents to be licensed – a requirement which includes training. Any landlord who performs a property management function, such as tenant find, must also be licensed or use a licensed letting agent.
Don’t fall foul of the Rent Smart Wales legislation and ensure you only used an accredited Cardiff Letting Agent such as High Yield Property Management. We are a low cost Cardiff based letting agent charging a low cost fixed price of just £50.00 per month to manage your property and just £150.00 tenant find service.
As experienced landlord our ethos is simple, to increase our client’s rental income without compromising on customer service.

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New landlords who swap to our low cost Cardiff letting agent offering before the end of December 2017 can take advantage of our free tenant find service Cardiff low cost letting agent Christmas giveaway

If you would like to increase your Cardiff rental yields and take advantage of our low cost letting agent Christmas giveaway saving you THOUSANDS of pounds please call us on 0845 496 0000 or complete the contact form below to receive a call from one of our professional property managers.

 

Changes to Accelerated Possession in England and Wales


Her Majesty’s Courts & Tribunals Service (HMCTS) has updated the N5B accelerated possession claim form.

The N5B form is used by those seeking possession of a property let under an assured shorthold tenancy on the expiry of a Section 21 notice. The process is referred to as accelerated because the court usually makes an order for possession without a hearing. However, the old form had long been considered out-of-date because it failed to address the changes to the validity of a Section 21 notice introduced by the Deregulation Act 2015 and Housing (Wales) Act 2014.

The new form N5B now requires landlords to respond to certain questions including:

  • Was the landlord registered?
  • If Yes, state the registration number
  • Was the landlord licensed?
  • If Yes, state the license number?
  • Had the landlord appointed a licensed agent to be responsible for all the property management work in relation to the dwelling?
  • If Yes, give the details of the licensed agent:
  • Was a money deposit received in relation to the tenancy or in relation to a tenancy directly or indirectly replaced?
  • On what date was the prescribed information given?

There are some differences to the N5B form for England as landlords will be required to provide information relating to the following questions:

  • When was the deposit lodged?
  • Has a valid EPC been given free of charge to the tenant?
  • Has a copy of the gas safety record been given to the tenant?
  • Has the tenant been given a copy of the then current document ‘How to Rent: the checklist for renting in England’?

The new form must be used by those seeking possession through the accelerated route now and certainly for those assured shorthold tenancies that commenced on or after 1 October 2015. Those issuing their claim form in Wales will need to use form N5B Form Wales.

At High Yield Property Management we aim to provide landlords with a low cost fixed price property management solution for just £50.00 per month and a tenant find service for just £150.00 without compromising on our exceptional levels of customer service.

If you would like to increase your rental income and receive a professional property management service from experienced landlords based in Cardiff do not hesitate to contact us via telephone 0845 496 0000 or complete the contact form below to receive a call from one of the team.

 

 

Cardiff Letting Agent Fee Ban

Fees-Banned-Image-800wideIt has been confirmed, letting agents in Cardiff and up and down Wales will no longer be able to charge tenants fees!

After a consultation of 700 respondents the Labour-led administration’s housing minister – Rebecca Evans said:

“The analysis shows that the majority of respondents, including a significant number of landlords, support a ban on fees being charged to tenants. Today, therefore, I am re-affirming the Welsh Government’s commitment to take action to ban fees being charged to tenants in the private rented sector … Officials will also begin a programme of engagement with stakeholders to share information and help us shape detailed plans about how future legislation would work in practice.”

More details are to be released on the implementation early in 2018.

As a landlord and Cardiff Letting Agents we understand this fee ban will have a huge impact on the traditional letting agent’s business model who will ultimately look to pass on additional costs to landlords.

However, at High Yield Property Management Limited we are appreciate that landlords are already being attacked financially on several fronts including increased taxation, increased legislation and increased finance costs, that’s why we offer a low cost fixed price property management solution.
For just £50.00 per month we will manage you Cardiff investment property and find your next tenant for just £150.00.

If you would like to increase your rental income and receive a professional property management service from experienced landlords based in Cardiff do not hesitate to contact us via telephone 0845 496 0000 or complete the contact form below to receive a call from one of the team.

 

 

Cardiff Low Cost Property Managment

At High Yield Property Management our low cost property management solution doesn’t mean a drop in our customer services levels for landlords or tenants.

We manage your Cardiff property for a monthly low cost fee of just £50.00 and will find your next tenant for the low cost of just £150.00.

We understand that landlords are under attack in the form of increased taxes and legislation resulting in increased costs. Our low cost property management solutions enable Cardiff landlord’s to increase their rental yields while fulfilling their legal responsibilities by employing a Rent Smart Wales accredited property managers.

If you would like to take advantage of our low cost property management solution please call us on 0845 496 0000 or complete the contact form below: