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  • Estate & Letting Agents
  • Chartered Surveyors & Valuers
  • Planning Consultants
  • Auctioneers

Residential Landlords

G Herbert Banks offers a professional and friendly letting and management service to their clients, many of whom have worked with us for decades. We have the capacity within the office to manage considerably more properties and are keen to work with new clients. We currently let and manage an extensive range of town, city and rural properties.

ARLA Logo - G Herbert Banks

Our Service

We offer our clients a bespoke service to suit their requirements combined with flexible fee structures depending on the client’s needs. We offer either a Let Only service to a Fully Managed service.

The fee for a managed serviced can be adjusted depending on how much involvement the landlord wishes us to have.

A summary of the services are listed below.

Questions Let Only Fully Managed
Carefully assess the market rental value and advise on marketing strategy
Produce detailed letting particulars
Organisean Energy Performance Certificate if required (chargeable by 3rd party)
Advertise in local printed press
Advertise on rightmove.co.uk and primelocation.com
Provide a To Let board
Accompany viewings seven days per week
Negotiate terms and advise on prospective tenant suitability
Arrange professional and extensive referencing
Prepare a tenancy agreement adding specific terms –Royal Institution of Chartered Surveyors template used
Arranging the inventory / record of condition prior to the tenancy commencement (chargeable by 3rd party)
Collection of initial rent and security deposit
Hold deposit for the tenancy duration and register the deposit with the Tenancy Deposit Scheme
Hand over keys, tenancy paperwork and inventory to tenants at the start date
Transfer of council tax and utilities
Collection of all further rents
Carrying out regular inspections
Arranging repairs and maintenance
Arranging gas safety inspections (where required)
Arranging payment of contractors invoices
Issue monthly statements detailing income, property expenditure and agent’s fees
Key holding service
Rent reviews and negotiations
Renewal of paperwork
Arrange property insurance and liaise with insures on all matters (if requested)
Handling end of tenancy matters including inspection and release of deposit less any deductions
Management of the property during vacancies

Our Fees

There is often a perception that our fees are going to be high in comparison to other agents, but the fact is that we are extremely competitive.  Fee structures are flexible and reductions will be arranged for landlords with multiple properties, or for those landlords handing over already occupied let properties.

Our typical fees for a single property landlord are as follows: –

Let Only: Fee based on 78% (65%+VAT) of the first months rent subject to a minimum fee of £480 (£400+VAT).

Fully Managed: Initial letting fee of £240 (200+VAT) then monthly commission of 10% (8.33%+VAT).

The extent of our services covered by both the Let Only and the Fully Managed services can be viewed in our services section.

We provide services, beyond the initial letting, to our Let Only landlords, to include inspections, rent reviews, issuing new paperwork, serving notices and assisting with end of tenancy matters. These are all chargeable on a job by job basis.

Other Costs

Other costs may include the production of an Energy Performance Certificate (if required), the production of a floor plan (if requested) and the cost of the services of a professional independent inventory provider. We have access to some excellent contractors to provide these services and we continuously monitor their level service and their costs.

Currently our inventory provider’s charges are as follows: –

Number of Bedrooms (Unfurnished)

  1. £72 (£60+VAT)
  2. £84 (£70+VAT)
  3. £96 (£80+VAT)
  4. £108 (£90+VAT)
  5. 5+ Subject to Quote

5 and more are subject to quote.

Professionalism

Experience is key to a successful relationship between the landlord, agent and the tenant, and between us we have a huge amount of experience giving our clients confidence that their property is in safe hands. To further back up the experience clients are reassured to know that we are a professionally regulated firm being members of the Association of Residential Letting Agents (ARLA), the Royal Intuition of Chartered Surveyors and The Property Ombudsman.

Our Team

The lettings team is made up of Richard Banks who is a licensed ARLA agent as well as a Chartered Surveyor, Andrea Jordan who is an experienced Property Manager and Ruth Goodman who manages the client accounts. The core team receives further support, particularly with marketing of letting properties, from several others in the office.