Page 23 - link magazine

23
The Link Magazine ' October 1996
Consider the charges when PREMIER PROPERTY
renting out your property? MANAGEMENT
31 QUEENBOROUGH, Toomiu.
It will pay to shop around to reduce your costs says Bill Muir of SWINDON SN5 8DY
Premier Property Management.
PROPERTY OWNERS
Property owners considering rent- quoted anything between 10% and Call us now for your
ing out their homes have a number 15% for full management of the Don't pay 20% to 25% for
of things to consider when choos- property. For a property with a rental requirements. management of your home!
ing which company to use. rental value of £500 per month, it We always require
Most property management will cost, at 10%, £600 per year and good quality 2, 3 and 4 We charge
services are basically the same. Of £900 at 15%. bedroom properties 12.5%
course some agents will offer a However, this is generally not
more professional service and will all of the costs, as most companies 35a Regent Circus, Swindon with no set up costs or extra
be better at delivering what clients will charge set up costs for finding Wilts SN1 iPX charges. The rate we quote
are looking for than others. Cer- a tenant or advertising the prop- Tel: 01793 536552 is all you pay ... guaranteed!
tainly the wise property owner will erty, for preparation of a tenancy Fax: 01793 615678 01793 - 435260
choose an established company. agreement, and for an inventory.
This is a competitive business In some companies these costs can
and there are a lot of new compa- add up to £300. Sometimes they
nies and franchises that appear to are payable for each new tenant, THINKING OF
come and go. A property owner and when you add on VAT the g 3 Countrywide RENTING YOUR
will want to be reassured that the true cost of their full management Resideittiti I.cttitigs PROPERTY?
company they use at the outset service is anywhere between 20%
will still be around at the end of the and 25% of rental income. Where LANDLORDS - CAN YOUR D.B. PROPERTY MANAGEMENT
(West Swindon)
tenancy. companies charge for handling AGENT OFFER THIS? require 1 to 4 bed. houses & flats
The other major consideration maintenance, then their manage- * UKs Largest Letting Company Professional service with
for the property owner must be ment service cost is even higher. * Over 80 Branches Nationwide a high standard of care
the cost of management services. With these large sums involved, * Rent Protection Scheme and competitive rates
If you look around the various com- it really is worth looking closely at * Computerised Accounting Rent Protection Insurance
panies in the market you will be charging structures. West Swindon Centre now available
Free property list available - (Day or Eve)
Contact: (01793) 874067
Tel: (01793) 882121
Protect your future: short term
and into retirement TAYLORS Li
ESTATE S AGENTS (i±iL!i
A major change in DSS benefits was made last year which has had
serious effects on house owners with mortgages, writes Mike Rees of
West Swindon based mortgage and insurance brokers Mansfield
Begbie Associates MhXt #&* rCM

People who lose their jobs now 14
will not have the interest paid by
the DSS in the same way as before. 40c4€ 7/(4i4j4cttw
Until October 1995 interest was
paid in full from three months fol- 193
lowing loss of job. Most lenders
viewed this situation with some £S&.00,1W AftAX SaVE
'
degree of leniency, as two to three I
months arrears would not usually
give rise to further action, particu-
larly if they were kept informed. J'
However, for all new mortgages -r -----.--..
taken out since October 1995, the
DSS does not pay interest for the
first nine months. Unless suitable
mortgage payment protection in-
surance is in place, covering re- Mike Rees of Mansfield Associates
dundancy (plus sickness and acci- We would also point out to those MANUFACTURERS
dent), you can understand why of you with personal pensions that OF CUSTOM-MADE HIGH
lenders will not allow arrears to the 'waiver of premium' option QUALITY LOUNGE SUITES
rise to this amount, leading to fears can be added subject to satisfac- also
that the number of repossessions tory medical evidence, which RE-UPHOLSTERY SERVICE
will start to go back up over the means that if a policyholder be-
next few years. comes disabled or ill, the insurer Thousands of Fabrics to choose from,
This form of Mortgage Payment continues to pay the premiums plus a choice of fillings and finishes
Protection is available through until retirement or return to work,
Mansfield Begbie Associates and usually with a six month defer- FARINGDON UPHOLSTERY
the majority of mortgage lenders ment period. This ensures that
and we strongly recommend you pension benefits can be main- 31 PARK ROAD, FARINGDON
contact either ourselves or your tained.
own lender to discuss this further. It is now more important than Showroom Open 7 days a week
Borrowers with pre October 95 ever to plan for the future. Please Mon - Sat lOam - 5pm • Sun 1pm - 5pm
mortgages should be aware that make sure you discuss these ben-
the state is also cutting back on efits before it is too late by calling
benefits help. Mike Rees on 873369. Tel: 01367 - 241855