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Home Hub Southampton Ltd
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HMO Specialist SALES and Letting Agency
HMO Specialist SALES and Letting Agency

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We let properties FAST! 2nd out of 86 agents this week! #speed #success #service



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An absolutely STUNNING 2 bed flat in central Southampton in the beautiful old town, available to LET - NOW!

Modern, spacious, newly decorated ground floor, immaculately presented:-

- 2 double bedrooms
- Own entrance
- Parking
- Huge lounge and open plan kitchen
- Ensuite to bedroom as well as a main bathroom
- Underfloor heating

Check out the Virtual Tour here: http://bit.ly/2ypYddG

and the Rightmove link here: http://bit.ly/2zL6EEz
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The tenant fee ban - what does it mean for landlords, tenants and agents?
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Sarah delivering the sales and lettings update at the Property Investors Network meeting at Chilworth Hotel last night, to an audience of around 100 landlords and investors
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Sarah delivering the sales and lettings update at the Property Investors Network meeting at Chilworth Hotel last night, to an audience of around 100 landlords and investors
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The Tenant Fee Ban is coming: Buckle Up Landlords!

THE TENANT FEE BAN

Last week the government published its response to the consultation on banning letting agent fees to tenants along with a draft bill.

The level of fees charged by letting agents and some landlords are often not clearly or consistently explained, leaving many tenants unaware of the true costs of renting a property.

The draft Tenant Fees Bill generates a complete blanket ban on fees charged by agents (and landlords) for the creation, renewal or continuation of an AST or license.

This is much harsher than was anticipated. Many thought the ban would be in the form of a cap or upper limit on tenant fees, rather than a full ban.

Tenancies which fall outside of the Housing Act 1988 will not be covered and it appears that company lets have not been included in the new rules.

PERMISSIBLE FEES

There is a list of permissible fees that agents and landlords can still charge to tenants.

Those permitted include fees for breaching tenancy agreements and fees for losing keys.

ENFORCEMENT

Enforcement will be through trading standards officers, who have a duty to enforce the legislation so that agents can complain about other agents who are not playing by the new rules.

A civil penalty of £5,000 is payable initially for a breach of the ban on letting fees, but a repeated breach would amount to a criminal offense. However, civil penalties of up to £30,000 can be issued as an alternative to prosecution.
If the offense is by a company, the directors can be made liable too.

There is also a list of anti-avoidance provisions to stop agents and landlords getting around the ban.

CLIENT MONEY PROTECTION

The government also launched a consultation on making membership of client money protection schemes mandatory for letting and managing agents that handle client money. This will give landlords and tenants greater financial protection and confidence that their money is safe.

ADVERTISING FEES

The bill will also amend the Consumer Rights Act 2015 to specify that the letting agent transparency requirements should apply to property portals such as Rightmove and Zoopla - so that all fees being charged are clearly set out on all websites.

DEPOSIT LIMITS

The bill limits tenancy deposits to the equivalent of 6 weeks rent. This is an increase on the proposed one month which many agents and landlords considered to be not long enough.

AN INDUSTRY IN TURMOIL?

The bill has not yet been laid before parliament, so it is not in force yet.
But what is known already is that many agencies, especially the large corporates, make a significant amount of their revenue from tenant fees, and some of the big corporates have already started passing these ‘lost’ fees onto landlords in a bid to stay alive, even before the legislation has officially kicked in.

OUR PRICE FREEZE!

But at Home Hub Southampton we like to be different!
Our fees are already all-inclusive and transparent but we are going a step further...

If you put your property on with us fully managed before the end of 2017, we will FREEZE your prices for up to the next 5 years! That’s right! Lock in now, and you will not be subject to any fee rises in the next 5 years!
To contact us to find out what we can do for you or to find out more, e-mail office@homehubsouthampton.co.uk or telephone Sarah on 07793 354635 quoting PRICEFREEZE17

Home Hub Southampton

*2nd out of 96 agents for Let’s Agreed (according to Rightmove stats) – we let properties fast!
*See what our landlords, tenants and vendors have to say about us: http://bit.ly/2xxvTGD

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The Tenant Fee Ban: Landlords Beware!

THE TENANT FEE BAN

Last week the government published its response to the consultation on banning letting agent fees to tenants along with a draft bill.

The level of fees charged by letting agents and some landlords are often not clearly or consistently explained, leaving many tenants unaware of the true costs of renting a property.

The draft Tenant Fees Bill generates a complete blanket ban on fees charged by agents (and landlords) for the creation, renewal or continuation of an AST or license.

This is much harsher than was anticipated. Many thought the ban would be in the form of a cap or upper limit on tenant fees, rather than a full ban.

Tenancies which fall outside of the Housing Act 1988 will not be covered and it appears that company lets have not been included in the new rules.


PERMISSIBLE FEES

There is a list of permissible fees that agents and landlords can still charge to tenants.

Those permitted include fees for breaching tenancy agreements and fees for losing keys.



ENFORCEMENT

Enforcement will be through trading standards officers, who have a duty to enforce the legislation so that agents can complain about other agents who are not playing by the new rules.

A civil penalty of £5,000 is payable initially for a breach of the ban on letting fees, but a repeated breach would amount to a criminal offense. However, civil penalties of up to £30,000 can be issued as an alternative to prosecution.

If the offense is by a company, the directors can be made liable too.

There is also a list of anti-avoidance provisions to stop agents and landlords getting around the ban.



CLIENT MONEY PROTECTION

The government also launched a consultation on making membership of client money protection schemes mandatory for letting and managing agents that handle client money. This will give landlords and tenants greater financial protection and confidence that their money is safe.



ADVERTISING FEES

The bill will also amend the Consumer Rights Act 2015 to specify that the letting agent transparency requirements should apply to property portals such as Rightmove and Zoopla - so that all fees being charged are clearly set out on all websites.



DEPOSIT LIMITS

The bill limits tenancy deposits to the equivalent of 6 weeks rent. This is an increase on the proposed one month which many agents and landlords considered to be not long enough.



AN INDUSTRY IN TURMOIL?

The bill has not yet been laid before parliament, so it is not in force yet.

But what is known already is that many agencies, especially the large corporates, make a significant amount of their revenue from tenant fees, and some of the big corporates have already started passing these ‘lost’ fees onto landlords in a bid to stay alive, even before the legislation has officially kicked in.



OUR PRICE FREEZE!

But at Home Hub Southampton we like to be different!

Our fees are already all-inclusive and transparent but we are going a step further...

If you put your property on with us fully managed before the end of 2017, we will FREEZE your prices for up to the next 5 years! That’s right! Lock in now, and you will not be subject to any fee rises in the next 5 years!

To contact us to find out what we can do for you or to find out more, e-mail office@homehubsouthampton.co.uk or telephone Sarah on 07793 354635 quoting PRICEFREEZE17



Home Hub Southampton

*2nd out of 96 agents for Let’s Agreed (according to Rightmove stats) – we let properties fast!

*See what our landlords, tenants and vendors have to say about us: http://bit.ly/2xxvTGD
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LANDLORDS BEWARE!

The tenant fee ban is coming! This means letting agents will no longer be able to charge ANY fees whatsoever to tenants.

Many agencies make nearly ALL their profit from tenant fees.

As a result, the ban will mean many agencies will have no choice but to pass the charges onto landlords instead. Some of the big nationals are already doing this!

Here at Home Hub Southampton we don't think this is fair!

So we are FREEZING PRICES! Come on with us fully managed before the end of 2017 and we will FREEZE your prices for up to the next 5 years!

To contact us or to find out more email office@homehubsouthampton.co.uk or telephone Sarah on 07793 354635 quoting PRICEFREEZE17
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Fantastic evening at The Property Hub Southampton last night. Thank you to everyone who came along and made it such a great atmosphere!
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03/11/2017
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Join us at The Property Hub Southampton meet up THIS Thursday as Rob takes us through what he’s learnt on his property journey so far: "£10m in 10 years: My Plan, My Strategy, My Secrets."

Packed full of helpful ideas and plenty of stories from the trenches, learn the simple strategy Rob used to get started, why ‘Cashflow is King’ and where’s he’s heading next.

With lots of tips and tricks to help you get started or get motoring, don’t make all the mistakes Rob has, leave that to him and borrow his ideas instead!

No selling, No Gurus.

7pm at The Social.

A FREE meeting with tonnes of value. Everyone welcome :-)

https://www.facebook.com/events/1529283927130650/?acontext=%7B%22action_history%22%3A%22[%7B%5C%22surface%5C%22%3A%5C%22dashboard%5C%22%2C%5C%22mechanism%5C%22%3A%5C%22suggestion_feed_unit%5C%22%2C%5C%22extra_data%5C%22%3A%7B%5C%22tracking%5C%22%3A[%5C%22%7B%5C%5C%5C%22qid%5C%5C%5C%22%3A%5C%5C%5C%22%7B%5C%5C%5C%5C%5C%5C%5C%22suggestion_source%5C%5C%5C%5C%5C%5C%5C%22%3A%5C%5C%5C%5C%5C%5C%5C%22browse%5C%5C%5C%5C%5C%5C%5C%22%2C%5C%5C%5C%5C%5C%5C%5C%22suggestion_type%5C%5C%5C%5C%5C%5C%5C%22%3A%5C%5C%5C%5C%5C%5C%5C%220%5C%5C%5C%5C%5C%5C%5C%22%2C%5C%5C%5C%5C%5C%5C%5C%22browse_session_id%5C%5C%5C%5C%5C%5C%5C%22%3A%5C%5C%5C%5C%5C%5C%5C%22c845b10f2ff75f9317b2131e4f468918%5C%5C%5C%5C%5C%5C%5C%22%2C%5C%5C%5C%5C%5C%5C%5C%22session_id%5C%5C%5C%5C%5C%5C%5C%22%3A%5C%5C%5C%5C%5C%5C%5C%223619581762407982660%5C%5C%5C%5C%5C%5C%5C%22%2C%5C%5C%5C%5C%5C%5C%5C%22unique_session_id%5C%5C%5C%5C%5C%5C%5C%22%3A%5C%5C%5C%5C%5C%5C%5C%223619581762407982660%5C%5C%5C%5C%5C%5C%5C%22%2C%5C%5C%5C%5C%5C%5C%5C%22start_cursor%5C%5C%5C%5C%5C%5C%5C%22%3A0%7D%5C%5C%5C%22%7D%5C%22]%7D%7D]%22%7D
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