Chris Sheldon

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We are working on this at the moment, should all go well and we meet all relevant regulation we will be able to provide landlords with a UK bank account and sort code (also debit card if required) which will be enable landlords to transfer funds either automatically or manually to any account as is required. In addition to this the service will also produce tax statements monitor yield and profit and loss for each individual property. The service will also be more secure from a landlords perspective as the funds will be paid directly to the landlords account which reduces processing time. As mark said we are in alpha testing at the moment and hoping to commence beta testing early 2021.... Read More

Hi Annie,

I will ensure someone updates you today. Could you possibly pop a quick email to our info@ inbox with your name so i can get the right person to contact you.... Read More

No Im saying if you had rent guarantee insurance prior to yesterday under the policy which lettingsupermarket use, you are covered.

Our policies which are in place currently will be renewed as if it was a continuation of cover, i cannot comment for any other insurers.

I think its pretty inevitable that RGI policy prices will be increasing when they go on sale again as insurers are potentially set to make a large loss.... Read More

Hi Dennis,

Any policy taken out prior to yesterday will cover the eventuality of a tenant not paying rent as normal regardless of the reason. The proof required is simply to prove that the tenant is 30 days in arrears via a rental statement. The nature of the arrears for policies purchased prior to yesterday are irrelevant.

I do know that our insurers (ive heard of several others as well) will not take on any new policies as of yesterday.

We havent received any guidance as to how it will work regarding court proceedings and the eviction part of the insurance however we have had confirmation that the rent guarantee will pay out.... Read More

Hi Lord, that is correct, it would obviously be dependent on the applicants eligibility for credit but it provides a tenant with time to resolve there financial issues with no additional cost for 4 months and means that they can pay rent on time.... Read More

Thats correct. There are no additional fees to our packages.... Read More

the cost is absorbed by lettingsupermarket.com. Because we have a paypal business account the costs work out no different than if we were to accept a payment by credit card through our payment provider.... Read More

For each new payment interest is set a 0% for 4 months so subject to credit limit it rolls over.

Unfortunately this is only available to Lettingsupermarket.com clients, however if you wish to contact us we could setup a very reasonably priced rent collection package.... Read More

I think the primary point is that we aren't insisting that payments are made this way, we are making tenants aware that if they are struggling we are able to facilitate payments which enable them to maintain the security of keeping up to date with rent when finances might not be accessible due to the current climate.... Read More

The whole situation isn’t very clear and no one who works at UC really seems to be aware of what’s happening.

You regularly get passed from department to department and the staff have no way of searching the reference numbers anyway.

The only advice I can offer is that you need the full service team as they can search by the NI number which is the payee name on the transaction.

I’m sure your used to it but be prepared for a 20 minute conversation explaining that you aren’t the claimant and you may have to call back several times until you get someone who actually understands GDPR and that as a landlord you have a legal right to know who the payment relates too.... Read More

Hi Mick,
I had a problem with this having a few hundred tenants on UC and to find the solution took me a longtime on the phone and alot of shouting.
You dont need the reference number that is useless and nobody can find anything off it, but the actual name of the payee which is usually two letters and then the rest numbers followed by a letter and then DWP UC (or AWP if its an arrears payment) is the tenants national insurance number and they can search using that.
Hope that helps
Chris... Read More

Hi Dale,

Thanks for bringing this to my attention.

This is somewhat of an anomaly in that an inspection was instructed but we haven't received the report from the clerk and have since parted ways for various reasons.

I have instructed an inspection this morning and this is being arranged with the tenant and we shall have the report with you as soon as the clerk has attended the property.

I apologise for this and if you do have any questions then please do not hesitate to contact me.

Chris... Read More

Hi All,

Firstly thank you for the positive feedback it’s much appreciated.

It has been a while since I corresponded with Nottingham CC regarding the requirement to be accredited by DASH and i have complained to them in the past that it is not feasible, as rob has already mentioned, to be accredited by every scheme particularly when working with tight margins and already being accredited by a nationally recognised body that is Propertymark/Arla as well as then being members of NFOPP, Property Ombudsman, rentsmart wales, property factors Scotland etc..all of which have a fee attached to them.

I’ve emailed both Nottingham CC following up my previous complaint as I’m yet to receive a reply and DASH to try and shed some more light on the matter.

I do however consider it at best unfair when already meeting Propertymark/ARLA’s strict requirements to be a member including meeting there CPD requirements, annual client account audits and being a member of there client money protection scheme to then have to gain further accreditation and pay a another fee which will almost definitely hold the same criteria to manage properties in Nottingham.

As soon as I receive a reply from both parties I’ll post it up

C... Read More

interestingly enough i have had an increase in landlords, literallty in the last month, asking if we could pay rents into crypto currency wallets and after a few checks with Propertymark/ARLA providing the account is registered to the UK then this isn't a problem.

This actually lead me to looking into how bitcoin is affecting the rental market, and there is a company which offers management software to take rental payments via bitcoin. Unfortunately this is currently only available in the US, however the recent growth has lead many people to be able to cover the cost of renting through the growth that bitcoin has seen as of late. Of course, as with any investment, there is the possibility that it could end up costing them more but its certainly an interesting concept.

Only time will tell how bitcoin affects our day to day lives and the rental market but we are certainly looking into ways that it can be integrated into the lettings industry.... Read More

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We also can advertise properties in Scotland so please feel free to contact us.

Chris... Read More

Hi Connie,

Im afraid i cant answer anything regarding the property118 portal as i have no part in that. I can however answer any questions you have regarding Lettingsupermarket.com's share sale.

Kind Regards

Chris... Read More

If anyone has any questions then please do not hesitate to contact me either on here, seedrs or via my email listed above.

To answer a few common questions:

1. Minimum investment is £19.10
2. All shares are A Ordinary shares and have voting rights (please read seedrs terms and conditions)
3. A full business plan and financial snapshot is available on request
4. Investments of £25,000 or over qualify for 10 free managed properties for the life of the investment(please contact me if you wish to discuss this further). If you wish to invest more then please call or email me to negotiate any terms.
5. If you wish me to call you to discuss the investment then please email me with a telephone number and a time when is convenient to speak.
6.If you wish to invest please follow the instructions below as this will allow you to pay on the completion of the funding round as opposed to upfront:

i. Visit the Seedrs campaign using the link above

ii. Click "Proceed" to begin simple registration process. Once done, submit.

iii. In a separate Window, check your email for the Seedrs registration confirmation.

iv. Self Certify. We recommend taking the Investment Quiz to show that you understand the risk and importance of diversification.

v. That then takes you back to the investment campaign where you can read more information. Click "Invest" if you'd like to invest.

vi. If you invest, enter the amount you'd like to invest and accept the agreement. Select 'Investment account' as payment method and submit the investment.

Many thanks

Chris... Read More