Buy-to-let landlords could save hundreds, if not thousands of pounds every year by not instructing a letting agent to let their property.
The latest rental market data from Homelet shows that the average UK monthly rent in June was £924, and so based on a typical high street letting agency management fee of around 12%, the average landlord could be spending in excess of £1,300 each year on letting agent fees, according to HomeRenter.
The company is keen to deter landlords from using high street letting agents as it wants to encourage more people to sign up to its online rental platform, which aims to cut out the middle man, and is available from £49.99.
HomeRenter is currently offering a six-month free trial which includes 30 days of free advertising on Rightmove and Zoopla, a viewings service, tenant enquiry management and referencing tools, access to digital lease contracts and a To Let board.
“Our offer is open to the full spectrum of rental homes from buy-to-let investments, second homes, through to rooms to let in house-shares by live-in landlords and HMOs,” said Will Handley, CEO and co-founder of HomeRenter.
He added: “Thanks to Section 24 and a raft of tax measures penalising the buy-to-let sector, private landlords are having an incredibly tough time of it in 2018 so we like to think our summer free trial promotion could be a real fillip for landlords looking to take a break from sky-high letting fees.”