Burnley Landlord FAQ's
What do I need to do to let my property
We will book a free no obligation appraisal with you and discuss with you in detail what you need to do to get the ball rolling. No hard sell or pushy sales pitches just good honest advice.
Do I need to let my mortgage company know I want to let my property out?
Please speak with your lender to ensure you have permission. If you are buying a property to let speak to your lender about a buy-to-let mortgage.
Which service should I choose?
A Fully managed service is a hassle-free service. Only choose a tenant find service or a let only service if you are an experienced landlord who knows current legislation (and there is a lot). Please see the services we offer under landlord fees on the Landlord tab.
How long does referencing take?
It varies depending on how quickly references come back. If a tenant chooses open banking- referencing can be done in less than 24 hours.
How much notice do I have to give?
This rarely happens but we do ask for 1 months’ notice to cancel your terms of business with us. A cancellation fee applies if a tenant is in situ.
Do I pay income tax on my rental income in Burnley?
This depends on whether you live in the UK or are overseas. Further information can be found on the Inland Revenue’s website.
How will I know if tenants are looking after my property?
If you choose our fully managed service, we carry out property inspections and send the property inspection report to you.
What happens if my tenant stops paying the rent?
Sometime tenants can fall into arrears. We liaise with tenants to get the rent paid. However, we would always strongly recommend that you have a rent guarantee product in place. We do offer a bespoke rent guarantee. Speak to a member of our team.
What happens with regards to maintenance?
The tenants report maintenance issues through our office. We then contact you to see If you require quotes to approve. Our contractors are competitively priced and what they quote is what you pay.
What legal requirements are needed for compliance with safety records?
EPC, EICR, Gas safety record, boiler service, legionella risk assessment and working smoke alarms on every floor. Carbon monoxide alarm in any room where there is a ‘fixed combustion appliance’ including gas fired boilers and built-in gas fires. Gas cookers and hobs are excluded. It is important to ensure tenants have the ‘right to rent’.
What is rental demand in Burnley?
The market is buoyant. The demand for rental property is significantly higher than properties available to rent.
How many days it takes on average in Burnley to rent a property?
Properties advertised to rent will normally be snapped up within 24 hours and move in generally four weeks later once referencing has been completed.
What is the trend of rental process in the area?
With the low supply of properties available to rent this is pushing the rental values higher in Burnley and Pendle.
What are the best neighbourhoods for rental investment?
BB8, BB9, BB10, BB11 and BB12 rent very well in Burnley and Pendle.
What are the most affordable neighbourhoods for rental?
We find Burnley Woods to be more affordable within Burnley and those within the selective housing scheme areas.
What is included in my lettings fees and how much will it cost to let my property?
This all depends on the level of service you require from us. Here is a link to our level of services and fees
What happens if I do not let my property?
We haven’t yet come across an instance where we have never let a property. In today’s market properties are in high demand. If for any reason we do not let your property you are free to ask us to stop marketing your property.
Who will pay the council tax - the landlord or the tenant?
The tenant pays the council tax when in tenancy. During a void period, it will be the responsibility of the Landlord to pay council tax.
What happens to my tenant's deposit?
We lodge the tenants deposit into the deposit protection scheme (DPS).
How do I receive my rental income from my letting agent?
The tenant pays the rent to us. When we have cleared funds, the rent will be paid into your nominated bank account. We complete our client accounting thrice a week.
Can my tenant refuse an increase in rent?
The tenancy agreement states there can be a rent increase every 365 days. A rent increase will also depend on the market at that particular time.
Why do I need an inventory?
An inventory states the condition of the property with photographic evidence when the tenant moves in. This will be used when a tenant vacates the property to compare the condition of the property from move in to move out taking into consideration fair wear and tear.
What if the tenant damages the property?
We do encourage a tenant to take out tenant liability insurance. The tenant’s deposit is there to help pay for any damages.
Can I enter my property during the tenancy?
Giving the tenants 24 hours’ notice we can enter the property. This will be on condition the tenant grants access.
How do I check if my furniture is compliant?
There will be a fire kitemark label on the furniture. If there is no label the furniture should be removed from the property.
Burnley Team
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