Estate agent for renting out our one bed flat

[JessieJessie]

Hello wanting advise on the cost of local estate agents and recommendations please. Below is what we have been quoted - is this good?

The let only fee is 8% plus VAT, which is deducted from the first rent payment (plus ?300 plus VAT admin fee).

Example: if it is tenancy is 12 months and the rent is ?1,000 it will be calculated at 8% plus VAT of ?12,000.

You can switch to the managed service at any time (additional fee of 6% plus VAT which is deducted monthly). You can do this ?before you?leave for New Zealand.

[nylonmeals]

We just let out a flat that we own and used Open Rent. It was properly great and cost us ?29 rather than thousands Couldn't recommend highly enough. The clincher for us was estate agents continuing to take fees if tenants re-sign for a second year. https://www.openrent.co.uk/

[Saint Cecilia]

Hi Jessie Jessie,

Not all agents continue to take fees if the tenants stay and not all agents charge 14% plus VAT to let and manage a property - that is high. If you are going abroad, it is much better to have a local agent to look after your property for you, esp. if you're going to the other side of the world. This gives you peace of mind. Oh and have you got your Non Resident Landlord form completed? check HMRC website for this.

[alice]

I like Winkworths for this.