Are You A Landlord?

We are one of the North West’s leading independent Residential Lettings and Management Specialists, with an ever expanding property portfolio, covering an area ranging from Rossendale, Ramsbottom, Bury, Radcliffe, Whitefield and Prestwich.

We cover the whole range of rental properties from the smartest of one bedroom/studio accommodation through to the executive / company lettings market.

Due to the diversity of our property range we are able to cater for all demands placed upon us by the ever-changing lettings market, and due to our stringent referencing procedures we are constantly attracting high quality properties and tenants alike.

In the first instance please contact the Pearson Ferrier office and arrange for a full rental valuation in order to establish what sort of rental income you can expect; you need to know if your plans are viable!

Are you an investor landlord or are you moving with work?

We have landlords around the country and around the world, so rest assured we will have your best interests at heart at all times.

Once we have advised you on an appropriate rental value (based on extensive comparable information), you will need to be made aware of the various legal and safety aspects of your proposed tenancy.

More info can be found here at Direct Gov.

The Fire and Furnishings (Fire) (Safety) Regulations

The Fire and Furnishings (Fire) (Safety) Regulations 1988 and the Fire and Furnishings (Fire) (Safety) (Amendment) Regulations 1993, mean that you as a landlord you have a duty of care to your tenant in respect of any furniture you leave in the property.

We insist all of our landlords install smoke alarms within their houses.

Electrical

It is recommended that all properties have a full electrical wiring test every 2 years by a fully qualified NICEIC electrical contractor, this will soon become a legal requirement from October 2009.

Any electrical appliances must be tested, again by a fully qualified electrician, i.e. kettles, toasters microwaves etc.


Gas Safety Regulations

It is a legal requirement to have a Gas Safety Record for all gas appliances within the property; a fully qualified and registered engineer must carry out this check and test every 12 months.

Mortgages

If your property is mortgaged you must request the permission from your bank or building society before you do anything. They may need to check our credentials; we are members of The National Association of Estate Agents (N.A.E.A.) and The National Approved Letting Scheme (N.A.L.S.).

Building Insurance

As a landlord you are required have ‘Buildings Insurance’, but should you leave any contents you will need to insure them also, but you will need to advise your insurer that you are a ‘Landlord’ and not an ‘Occupier’!


Referencing

All of our tenants complete a full tenancy application and must pass a full credit reference check before they enter into any agreements with us.

Insurance

We have close links with specialist Insurers who specifically deal with rented property. You can take out a variety of insurances, from Buildings, Contents to those which will protect against a problem tenant and will GUARANTEE the rent and also cover Legal Bills in the event of a problem, ask us for more details.

What we do

We have clients all over the world, and also clients on our very own doorstep who fully utilise our management service. After the tenant has been found we will then take care of your property completely.

We will collect the rent at the beginning of the month and aim to pay our landlords with 7 to 10 days. As and when maintenance issues arise we will send in our approved team of contractors as soon as possible to remedy any problems.

Periodically we will inspect the property to ensure that the tenant is taking good care of it and also to advise you of any ongoing maintenance we recommend to keep the property in good order.

If you feel confident enough to look after your own property, then why not use our LET ONLY service, we will carry out a thorough reference and credit check on your tenant, draw up a tenancy agreement, move them into the property, notify the relevant utility companies, than hand them over to you!


Inventories

Due to the introduction of the Tenants Deposit Scheme it is vital that landlords arrange to have an accurate and up to date inventory prior to the outset of any tenancy, as they are vital should there be any problems when the time comes for your tenant to vacate the premises.

We will always take a deposit from the tenant at the outset of the tenancy, this is to protect against any damages, breakages or theft at the end of the agreement.

You have to accept NORMAL FAIR WEAR & TEAR during the period of the tenancy!

Your property will require repair and maintenance from time to time, but this is not necessarily always attributable to the tenant, we will advise you accordingly, but you will need to consider the new Government implemented Tenants Deposit scheme, which ensures the fair and reasonable handling of the tenants deposit to protect them from unfair treatment from their landlord, this scheme was implemented on the 6th April 2007 and we here at Pearson Ferrier are members of the Tenants Dispute Service a recognised body that will deal with arbitration issues as an independent 3 rd party should the need arise.

We have close links with a first rate legal team approved by N.A.E.A. and as such should the need arise we have all the help and advice we require in times of need.

If you are an investor landlord who is looking to expand your portfolio, we can offer a full service from finding a property, organising your purchase, renovation or improvement works if required and onto managing a new tenancy.

We aim to create a suitable investment risk with a positive combination of yield and capital growth to suit all types of investor, for more information contact the relevant office.