It is not mandatory to use a letting agent, but many landlords choose to do so. Letting agents can assist with finding tenants, referencing, tenancy agreements, property management, rent collection, and so much more. Their services can save time and provide professional expertise. You can trust WPM to let and manage your properties as we would our own – we will make sure that the process is as seamless as possible whilst maximising the returns on your investment.

Right to Rent is a legal requirement in the UK and places responsibility on landlords to check the immigration status of their prospective tenants. Before granting a tenancy, landlords must verify that their tenants have the legal right to live in the country. Failure to comply with Right to Rent checks can lead to penalties and legal consequences.

Yes, it is important to inform your mortgage lender if you plan to let your property. Most mortgage agreements require you to seek their consent before renting out your property. Failure to do so may result in a breach of your mortgage terms.

An EPC (Energy Performance Certificate) is a document that rates the energy efficiency of a property. If you want to rent out your property, you are legally required to obtain an EPC. It provides information on energy efficiency and potential cost-saving measures for tenants.

 A Gas Safety Certificate, also known as a Gas Safety Record, is a legal requirement for landlords who provide gas appliances in their rental properties. It ensures that the gas installations and appliances are safe for use and must be obtained annually from a Gas Safe registered engineer.

This is a required inspection that needs to take place every 5 years to ensure that electrical safety standards are being met for tenants.

A PAT (Portable Appliance Test) is not a legal requirement for landlords, but it is highly recommended. It involves checking the safety of electrical appliances in the rental property. While not mandatory, it helps to ensure the safety of your tenants and also protects you from potential liability.

Yes, it is a legal requirement to have smoke alarms installed on each floor of your rental property. You must also ensure that a carbon monoxide alarm is equipped in any room used as living accommodation which contains a fixed combustion appliance (excluding gas cookers).

While not a legal requirement, landlord insurance is highly recommended. It provides protection for your property and can cover risks such as property damage, loss of rental income, and liability claims. Standard home insurance policies may not adequately cover rental properties.

Yes, creating an inventory is strongly advised. An inventory is a detailed document that lists the condition and contents of your property. It helps to avoid disputes by providing evidence of the property’s condition at the start and end of the tenancy

Yes, rental income is generally taxable in the UK. Landlords are required to declare their rental income and may need to pay income tax on the profit after deducting allowable expenses. Read about the government guidelines for income tax.

Determining the rent for your property involves considering several factors. Factors to consider include the location, property size, amenities, market demand, and similar rental properties in the area. Book a free valuation with us to see how much your rental property could be worth.

HMO stands for House in Multiple Occupation. It refers to a property where at least three tenants from more than one household share common facilities, such as a kitchen or bathroom. Depending on the property’s size and the number of tenants, specific licensing and safety requirements may apply. Different councils may also have different licensing rules.

The decision to allow pets in your rental property is entirely up to you as the landlord. While some landlords prefer not to allow pets due to potential damage or allergies, allowing pets can expand your pool of potential tenants.

Yes, it is important to notify the relevant gas, electricity, and water companies when letting your property. This ensures that they are aware of the change in occupancy avoiding any confusion or potential issues. At WPM, this service is included as part of our property management service.

The decision to furnish your rental property depends on various factors such as target market, location, and rental demand. Furnishing can attract certain tenants and potentially allow you to charge higher rent. However, it also comes with additional responsibilities and wear & tear. Book a free valuation with us and we’ll be more than happy to give you advice.

A Selective License is a licensing scheme that has been introduced to regulate and improve the standards of private rented properties in specific areas. It requires landlords with PRS properties within the designated areas to obtain a license and certain requirements have to be met. Visit your council’s website for more information on this.

As a landlord, you have a legal obligation to manage the risk of legionella in your rental property. While there is no specific requirement for a legionella certificate, you should conduct a risk assessment to identify and address any potential risks. Implementing appropriate measures, such as regular cleaning and maintenance of water systems, helps ensure the safety of your tenants.

We become your tenant therefore ensuring that you get a fixed rental income each month. We then sub-let your property on an Assured Shorthold Tenancy (AST). You will receive your rent each month whether there is a tenant in place or not or if the tenant stops paying, unless the property is rendered uninhabitable. It is in our best interest that we find the best tenant possible. We will deal with any repair work required at the end of the tenancy (subject to a maximum value of a certain weeks rent).