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Landlords & investors

Over sixty years of experience working at the heart of the London lettings market has taught us that no two landlords are alike and that your requirements will vary according to the size and complexity of your portfolio.

Experienced

At Benham and Reeves we have carefully tailored our services in order to provide the best possible guidance and assistance. We specialise in London property rentals and corporate lets and our dedicated lettings staff focus all of their energies on finding the best tenant for your property. We will also ensure we set the right market rental and do our best to help you achieve the best possible return.

Connected

We have London-wide branches open Monday to Saturday and international offices providing the same convenient property service in China, Hong Kong, India, Malaysia and Singapore. Our staff offer exceptional knowledge of the London property investment market and a personalised service, fully tailored to your needs.

Maintaining a high profile in the London property market through rigorous marketing activities, we attract a constant flow of corporate and professional tenants. We also have a network of high traffic websites, dedicated to attracting applicants, 24 hours a day, seven days a week. You’ll also benefit from highly professional accounts and management teams, dedicated to the smooth running of all transactions involving your property.

So, whether you’re learning the ropes, growing your portfolio or are already an established landlord, our sixty years' experience and informed resources will ensure that you prosper in London’s growing rentals market.

Learning the ropes

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Growing portfolio

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Established landlord

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New Electrical Safety Regulations for Landlords

The UK Government is soon to introduce new Electrical Safety Regulations, requiring landlords and letting agents to ensure electrical installation inspections are carried out on all new tenancies in England from 1st July 2020 or from 1st April 2021 for existing tenancies. Landlords will have to ensure that every fixed electrical installation in their rental property is inspected and tested by a qualified person at least every five years. The landlord will also have to obtain a report of the results of the inspection and test and supply it to the tenant within 28 days of the inspection and test. They will have to keep a copy for themselves until the next inspection is due.

Key requirements of the new Electrical Safety Regulations

Landlords must:
  • Obtain and retain a copy of the report from the person carrying out the inspection and test, with the results and the date of the next inspection.
  • Provide a copy of any new report to the tenant(s) within 28 days of the inspection and test.
  • Provide a copy of the report to the local housing authority within seven days, if requested.
  • Supply a copy of the most recent report to any new tenant before they move in.
  • Supply a copy of the most recent report to any prospective tenant within 28 days of any request from that prospective tenant.
You can find more information on the new legislation at: www.legislation.gov.uk/ukdsi/2020/9780111191934/pdfs/ukdsi_9780111191934_en.pdf

Penalties for non-compliance

Local housing authorities are required to enforce the regulations and will be able to organise remedial action if necessary. If a local housing authority is satisfied, beyond reasonable doubt, that a private landlord has breached a regulation it may impose a financial penalty of up to £30,000.

What to do next

If you own a rental property you will need to ensure that a qualified electrician carries out an inspection and testing at your property before the 1st July 2020 deadline or before 1st April 2021 for existing tenancies. We believe that the new regulations are a positive step forward for the lettings industry, helping to improve safety standards across the Private Rented Sector, although of course professional landlords will already be carrying out these measures as standard. If you use our Property Management service, we will organise any required Electrical Safety Regulations inspections and testing on your behalf, as we already do for Gas Safety testing and certificates. If you have any queries about the new legislation and how you can ensure your property is compliant, please get in touch here

Read the article

FAQs – new landlords

Our rigorous marketing activities at branch level and online, attract a constant flow of prospective tenants. These include high traffic websites dedicated to finding you the right tenant 24 hours a day; extensive Google product marketing; listing and advertising on major UK property portals including Rightmove, Primelocation and Zoopla and using social media.
As renting is a way of life now, most tenants are long-term renters who pay rent on time and look after their accommodation. These tend to be corporate and working professionals who have good budgets and like convenience. Attracting these types of tenant should be your priority.
Our Finance Director is a chartered accountant and oversees our Accounts Centre which provides a range of services to landlords including rent collection. Our strategy for managing rent payments works well mainly because our reference process is extremely thorough at the outset.
Benham and Reeves are founder members of ARLA Propertymark (the Association of Residential Letting Agents); members of The Property Ombudsman for Lettings and the Tenancy Deposit Scheme. Compliance is important to us and we thoroughly support agent accountability within the property sector.
Most of the properties we let are also professionally managed by us so you can be sure that if there's a problem, we will respond promptly to resolve any issues. More information can be found in our Property Management section.
All of our branch managers understand what motivates investors and are very knowledgeable about the local markets they operate in. If you need more in-depth investment advice or tax guidance for overseas investors, our Directors who are investors themselves, can also help.

Got more questions? Contact our lettings director

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