MP Estates is an independent, market-leading consultancy which strives to deliver the highest level of service for investors, developers, lenders and high-net-worth individuals. Using our extensive experience and knowledge of the UK's leading property market we provide expert advice whilst maintaining transaction execution. We focus on residential property covering all UK regions, with a specialist focus on London and the surrounding home counties.

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Letting Fee Information

Refundable Holding deposit - Capped at 1 weeks rent

Security Deposit - Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000

Rent - The agreed monthly rent

Changes to tenancy - Capped at £50 inc VAT

Early termination charge - Not exceeding the landlord's financial losses

Late payment of rent - Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue

Replacement keys - Reasonable costs or give the tenant the option to purchase themselves

Utilities, council tax, communication services, TV Licence etc - Tenants own responsibility unless otherwise stated in contract

Client Money Protection Scheme Membership details - TBC

Property Redress Scheme Membership details - TBC

 

Luton Fees

Fully managed fee:             6% + VAT of the monthly rent

Tenant find fee:                    50% of the first months rent Subject to a minimum of £400+ VAT

Rent Guarantee.                 There is No separate fee to be paid as the service provided is reflected in the rent paid to the landlord being less than the open market rent.

Sales: 0.75% of the total purchase price.
                   

EXTRA FEES

Inventory:   

1 Bed      £110.00 + VAT               
2 Bed.     £120.00 + VAT
3 Bed.     £130.00 + VAT
4 Bed      £150.00+VAT
5 Bed      £160.00 +VAT
6 Bed      £170.00 + VAT
7 Bed      £180.00 + VAT

Tenancy Renewal Fee:    £100.00 + VAT
Final Inspection Fee:       £75.00 + VAT

Gas Safety Certificate:    £75.00 + VAT
Electrical Instillation Certificate:    £195 + VAT
Energy Performance Certificate:   £75.00 + VAT
Legionella Certificate:  £75.00 + VAT