You can get in touch either by entering your details below, sending an email to hello@vestalettings.com or by calling us.
We get to work the moment you make initial contact by assigning one of our qualified agents as your single point of contact.
Using the key information, you provide us, we take market data from the local area of your property and add it to a wealth of property knowledge to come to a realistic rental valuation.
The information you provide us will enable our qualified agents to tailor advice to your specific needs. This also includes advice for non-resident landlords, if you happen to live outside the UK.
If you decide to proceed, we will send you a pre-populated Terms of Business, which outlines each service fully, and can be signed and returned to us digitally for complete ease.
There is a legal obligation to already have or to commission an EPC before marketing can begin. If you already have a valid certificate, we will ask you to supply this so that we can use it in preparing marketing materials. If you do not have a valid certificate, we will arrange this for you.
All the specific details about your property are then prepared which includes images, a description, floorplans, and the EPC rating plus more.
During the visit to prepare the marketing materials, we will assess the risk of legionella in the building and advise if further assessment or works should be carried out to mitigate the risk.
Around this time, we will organise any necessary safety checks and certifications so that the property is deemed safe before we invite people to view. This will involve an electrical installation condition report, portable appliance testing, fire alarm testing, carbon monoxide (CO) alarm testing and an advanced legionella risk assessment if applicable.
The hours of work to this point are packaged together into our online format and posted on major property portals to ensure your property has the audience it deserves. We will also make people within our existing Applicant Database aware of your property coming to market, which should create immediate interest in your property.
All potential applicants are vetted by us to determine the suitability for you. The successful applicants are then given a guided tour by an agent who will feedback on any comments.
We ask each applicant to populate an application form which will ask them to provide all the information we should need from them.
Your chosen applicant will be asked to supply a holding deposit of one weeks' rent which we will secure within our Protected Client Money Account.
Each applicant undergoes tailored referencing, which is based on the agreed rent and their income, by using the power of Open Banking and Experian Credit Checks.
Our check goes further by verifying previous rents paid over the past 12 months, employment status and references from their employer and current landlord.
These checks are a key part of our due diligence process on your new Tenants, but it is important to keep in mind that situations can change, and you should keep a contingency fund to hand to mitigate your risk.
o We carry out your legal obligation under the Immigration Act to ensure that the applicants have the Right to Rent in the UK. We will supply this evidence to you, and we will carry out further checks later if required.
It is very important to have a legally binding contract drafted between you and the Tenant. We draft the agreement for you and once all parties are happy then begin the signature loop which is completed online to save time and reduce hassle. Once the Tenancy Security Deposit and the First Months’ Rent are received, the final document is then dated and sealed then shared with all parties on the agreement.
The typical Tenancy Security Deposit of 5 weeks rent is taken and held within our Protected Client Money Account. Once the Tenancy Agreement is signed this is then transferred to your nominated Deposit Protection Scheme Account, either with The Deposit Protection Service, MyDeposits or the Tenancy Deposit Scheme. The money is securely held here until the end of the tenancy where it will then be returned to the Tenant unless there is a dispute.
Inventories are an essential part of any tenancy set up for both the Landlord and the Tenant. It provides the bulk of the evidence required if there were ever a dispute for damages. Because of this, we strongly encourage you to allow us to provide a professional inventory of your property.
Your new Tenants are met at their new home by an agent, given their keys and provided their check-in documents such as the Governments 'How to Rent' Guide, a copy of the Energy Performance Certificate, plus any further information.
They are given any on-site safety advice for things such as smoke detectors and CO alarms.
This is also the time for the Tenants to walk around the property and sign-off the inventory report, if applicable.
Any snags by the Tenant are handled at the time and are recorded then digitally signed so you have evidence for your future records.
The property is now handed back over to you for on-going management.
Our Referencing Process should help reduce this possibility, but late payments can happen from even the very best Tenants. If this were to happen with your Tenants, we will inform you of the failure of payment in the first instance and then work with your Tenants on your behalf to understand any problems they may be facing and work out a solution for you.
We try to make your end of year financial accounts go much easier by providing you with ongoing Rental Statements. These will also show up in your Online Portal and App so can be accessed by you 24/7!
If you are looking for more information or would like to book a viewing, please get in touch below.