Cribs Estates Ltd
Enquiry form
Phone
WhatsApp
Back to the blogs list

Letting Agent Fees UK: A Guide for Landlords

Letting Landlords
Posted in   Dec 27 , 2025
Letting Agent Fees UK: A Guide for Landlords

One of the most important steps before renting out a property is to understand a typical letting agent fees UK. But, it’s not that simple because it varies according to service, location, and the involvement of landlord. If you’re thinking about letting, this blog helps breakdown the average fees letting agents charge in UK and what does it includes so you can stay informed. 

Who Pays Letting Agent Fees in the UK?

In England, the Tenant Fees Act 2019 changed the lettings structure. Landlords now pay the majority of letting agent costs, instead of the tenants. As a result, transparency around letting agent fees UK has become far more important, especially for first-time landlords.

Whilst tenants are protected from extra charges, landlords should carefully review what services are included in an agent’s fee and whether VAT is added on top.

How Letting Agent Fees Are Usually Charged

Most letting agents charge either a percentage of the rent or a fixed fee, depending on the service. Fees are commonly structured as a percentage of the monthly or annual rent, with VAT often charged separately.

When comparing the letting agent fees in the UK, it’s important to look beyond the headline percentage and understand exactly what you are paying for.

Typical Letting Agent Fees UK by Service Type

Let Only Fees

Let only services are for landlords who want help finding tenants but plan to manage the property themselves. Letting agent fees in the UK for let-only services are usually:

  • Around 8%–12% of the annual rent, or

  • A fixed fee of approximately £500–£1,500, depending on the property and location

This usually covers marketing, viewings, referencing, collecting checks, and preparing the tenancy agreement. Ongoing management and compliances remain the landlord’s responsibility.

Rent Collection Fees

Rent collection is a middle-ground option for landlords who want help managing payments but not day-to-day property issues. The fees for rent collection are often:

  • Around 5%–8% of the monthly rent

This service usually includes collecting rent, issuing statements, and chasing arrears if needed, while repairs and compliance remain with the landlord.

Fully Managed Letting Fees

Fully managed services are the most popular option, particularly in London and South London. The fees for full management generally fall between:

  • 10%–15% of the monthly rent, plus VAT

This level of service usually includes tenant management, maintenance coordination, regular inspections, compliance reminders for gas safety and electrical checks, and handling tenant queries. In higher-demand areas, fees may sit toward the upper end of this range due to increased regulatory requirements.

Extra Costs You Should Be Aware Of

When reviewing the letting agent fees in the UK, landlords should also ask about additional charges. These can include inventory reports, check-in and check-out fees, tenancy renewals, compliance certificates, or maintenance administration costs. These extras are not always included in the main percentage and can significantly affect the overall cost.

Legal Responsibilities of Landlord

Even when using a letting agent, landlords remain legally responsible for safety and compliance. Letting agents can manage certificates, inspections, and reminders, but the liability ultimately stays with the property owner. This is one reason many landlords choose fully managed services despite higher fees, as they reduce risk and save time.

Choosing the Right Letting Agent Fee Option

The lowest fee is not always the best option. Landlords should consider how much time they have, the type of tenants they expect, and whether they are confident managing repairs, compliance, and communication themselves. It is recommended to check the fees alongside service quality to ensure it leads to better long-term outcomes.

How Cribs Estates Helps Landlords

Cribs Estates specialises in providing the best letting services tailored to landlords across South London. We focus on clear pricing, reliable tenant selection, and management based on compliance that protects your property and income.

Whether you are comparing typical letting agent fees UK or looking for a dependable, hands-on managing agent, our team provides honest advice and practical support to help your hmo property perform at its best.


Shared on social media

Comments


Enquiry form

Title
First name*
Last name
Phone*
Email*
Enquiry details
  
Send Enquiry

Latest Blogs

Studio Apartment to Buy in London

If you are ready to invest in the capital’s property market, the first thing you will do is to search for a studio apartment to buy in London. As per the report, 2026 has already seen a rise in demand for studio apartments because they let you have a piece of the London property market without needing to invest a big budget. Read this blog if you want to ensure your investment is not wasted. What exactly is a studio apartment?A studio apartment is a single room with living, sleeping, and kitchen space combined, along with a separate bathroom. In London, studios vary more than people expect. Some are modern new builds designed to utilise every inch of space, whilst older conversions can feel cramped or poorly arranged.A well-designed 35-40 square metre studio can feel more liveable than a badly planned larger flat. Buyers should focus on layout, light, and storage rather than just the word “studio”.Studios are popular with single professionals, first-time buyers, and investors targeting long-term rental demand.Studio apartment prices in London in 2026London is not one market, it is dozens of smaller ones so the price varies.In outer zones, studios typically start around £200,000-£300,000. These are often ex-local authority flats or smaller private blocks. Mid-range suburban locations sit closer to £300,000-£450,000, where transport links push prices higher.Central and premium zones are different. Studios in areas such as Westminster, Kensington, or Marylebone regularly exceed £450,000, and luxury new builds can pass £700,000 depending on finish and building facilities.A short lease or very high service charge can make a cheap studio expensive over time.Steps to buy a studio apartment in LondonStudios need extra attention to detail compared to a property purchase. Step 1: Confirm your budgetSecure a mortgage agreement in principle. Some lenders apply stricter limits to very small flats, especially under 30 square metres.Step 2: Check listings properlyReview lease length, service charges and ground rent, as these directly affect long-term affordability.Step 3: Add a solicitor earlyRequest a full lease review before committing. Hidden lease problems are one of the main reasons studio purchases collapse.Step 4: Understand Stamp DutyTax depends on purchase price and ownership status. First-time buyers receive relief, whilst investors pay higher rates.Step 5: Complete legal checksEnsure surveys, compliance documents and management details are clear before exchange.Step 6: Finalise purchaseOnce legal checks are satisfied, proceed to completion and ownership transfer.Rental demand and investment potential of studiosStudios remain attractive to renters in London because they offer private living space at a lower monthly cost than larger flats.Average studio rents often fall between £1,400 and £2,000 per month, depending on zone and quality. Central locations can exceed this, whilst outer boroughs sit at the lower end.Yield expectations vary. Studios rarely produce the highest percentage return compared to larger properties, but they often benefit from consistent occupancy. Many landlords value occupancy over chasing maximum yield.Strong transport links, modern interiors, and secure buildings make studios easier to let quickly.Legal and practical checks buyers must understandMost studios in London are leasehold. Buyers must check:Remaining lease lengthService charge historyGround rent termsBuilding management qualityMajor works planned by the freeholderShort leases reduce resale value and can make mortgages harder to obtain. Service charges that seem low today can increase after major building repairs.Investors must also follow landlord regulations, including Right to Rent checks, safety certificates, and deposit protection rules.Is 2026 a good time to buy a studio in London?The London market is no longer rising at the speed seen in earlier years. Price growth has cooled, and some boroughs have softened. This gives buyers more negotiating power than in previous cycles.Studios benefit from affordability. When larger homes become expensive, smaller units attract demand from buyers priced out of bigger properties. That keeps studios relevant even during slower markets.For investors, the key question is stability rather than speculation. A well-located studio near transport and employment hubs is rarely empty for long.How Cribs Estates worksCribs Estates works with buyers and investors searching for a studio apartment to buy in London. We provide realistic valuations, lease guidance, and market insight so clients understand the full cost before committing.Whether you are buying your first London property or expanding a portfolio, our team helps you choose a studio that performs well both as a home and as an asset.Contact Cribs Estates for a free consultation.

Read more

Retail Units for Sale in Wimbledon

Wimbledon is known for more than tennis. It is one of South West London’s strongest commercial locations, attracting steady footfall, affluent residents, and year-round visitors. For investors and business owners, retail units for sale in Wimbledon represent a rare mix of stability and long-term growth.This guide explains prices, yields, legal considerations, and current market trends so buyers can make informed decisions in 2026.Why Wimbledon attracts retail investorsRetail property succeeds where people spend time, and Wimbledon combines commuters, local families, international visitors, and high-income households. This supports shops, cafes, restaurants, salons, and professional services.Wimbledon Village offers boutique retail and destination shopping. Wimbledon Broadway and The Piazza deliver busy high-street footfall linked to transport hubs. Together, they create one of the most active suburban retail environments in South London.For investors, this means demand is not seasonal. It is supported by everyday local spending rather than tourism alone.Average prices for retail units in WimbledonPrices vary depending on frontage, size, location, and lease structure. Based on current listings and commercial transactions:Small neighbourhood retail units often trade between £300,000 and £500,000Mid-sized high-street shops usually range from £500,000 to £900,000Prime corner or flagship units can exceed £1 millionBuyers should remember that commercial value is linked to income. A well-let shop with a strong tenant can justify a higher purchase price than a vacant unit.Rental yields and return expectationsRetail yields in Wimbledon generally sit between 4% and 7% gross, depending on the tenant covenant and lease terms.Higher yields often come from secondary locations or shorter leases. Prime high-street units may show slightly lower headline yields but offer stronger long-term security.Unlike residential buy-to-let, commercial leases often place maintenance responsibilities on tenants. This can reduce landlord running costs and improve overall returns.A strong tenant on a long lease is usually more valuable than chasing the highest advertised yield.Legal and planning checks before buyingBuying commercial property requires more due diligence than residential purchases.Retail premises usually fall under Class E planning use, which covers shops, cafes, and many service businesses. Buyers should confirm permitted use with the London Borough of Merton before exchange.Key checks include:Planning and permitted use classBusiness rates liabilityLease structure and tenant obligationsBuilding surveys and condition reportsAny listed building or conservation restrictionsIgnoring these steps can lead to expensive delays after purchase.Where demand is strongest in WimbledonRetail activity is concentrated in several key areas:Wimbledon BroadwayThe PiazzaWimbledon Village High StreetMerton Road clustersUnits close to transport and established retail zones let faster and retain value better over time.Investors should look for visibility, pedestrian flow, and nearby businesses.Retail market trends in 2026Retail is no longer about big chain stores alone. Wimbledon’s strength lies in independent operators, hospitality, and service-based businesses that rely on local spending.While online shopping affects some sectors, food, beauty, health, and lifestyle services continue to perform strongly. High-street retail in well-connected London suburbs remains resilient because people still value convenience and experience.In 2026, the most successful retail investments are those aligned with everyday community needs rather than luxury speculation.How Cribs Estates can helpCribs Estates supports investors and business buyers looking for retail units for sale in Wimbledon. We provide realistic valuations, access to active listings, and local insight into demand patterns.Our team helps clients assess income potential, tenant quality, and legal considerations before committing. Whether you are buying your first commercial property or expanding a portfolio, we guide you through every stage.Contact Cribs Estates today for a free consultation.Read More: Estate Agents in Wimbledon London

Read more

A Guide to Letting Property in London Step by Step

London’s rental market moves quickly and is shaped by strict legal rules. Whether you are letting for the first time or expanding a portfolio, understanding the market and your obligations protects income and avoids costly mistakes. Here’s a step-by-step guide for it:The London rental market in 2026London remains the UK’s most expensive rental region. Average private rents across Greater London now sit around £2,500-£2,600 per month, with central zones considerably higher and outer boroughs offering better value. Demand is driven by professionals returning to city offices, international tenants, and families seeking long-term stability.Read More: How Much Are Letting Agent Fees for Landlords in 2026Step-by-step: how to let a property in London1. Prepare the propertyBefore marketing, make sure the home is safe and legally compliant. This includes:Annual gas safety certificateElectrical safety report (EICR) every five yearsValid Energy Performance CertificateSmoke and carbon monoxide alarmsClean, safe conditions suitable for tenantsLondon tenants expect a professional presentation. Small upgrades, stronger rents.2. Set the right rentUse local comparable listings rather than guesswork. Overpricing increases void periods; underpricing reduces yield. A realistic market valuation attracts serious enquiries immediately.3. Marketing and viewingsProfessional photography and clear listings on major portals generate faster interest. Viewings should be organised efficiently as London tenants move quickly when they find the right property.4. Tenant referencingReference checks protect landlords from payment risk. Verify employment, income, identity, and rental history. Right to Rent checks are legally required before a tenancy starts.5. Tenancy agreement and depositMost London landlords use Assured Shorthold Tenancy agreements. Deposits must be protected in an approved government scheme within the legal deadline. Inventory reports and check-in documentation reduce disputes later.Legal duties landlords must meet in 2026Anyone searching for “a guide to letting property in London” must follow English housing law at all times. Key responsibilities include:Annual gas safety certificationElectrical safety inspectionsEPC complianceRight to Rent checksDeposit protectionSafe living standardsFrom May 2026, tenancy reform changes will strengthen tenant protections and adjust rent review procedures. Landlords must ensure agreements and documentation are updated to match the new rules. Ignoring compliance can lead to fines, restrictions on eviction rights, and legal complications.Rent setting and yield expectationsLondon rents are high, but property prices are higher. Gross yields in the capital are often lower than in regional cities, yet investors benefit from strong long-term demand and capital stability.When letting property in London, focus on:Consistent occupancyReliable tenant profilesControlled maintenance costsLegal complianceStable income over time matters more than chasing unrealistic headline rents.Choosing good tenants and reducing voidsStrong tenant selection is one of the most important parts of letting. Financially stable tenants who plan to stay long term reduce turnover and management costs.Landlords should prioritise:Verified employment and incomeClear communicationResponsible rental historyProper referencingA carefully selected tenant often saves more money than a slightly higher rent from a risky applicant.Common mistakes landlords makeMany first-time landlords make avoidable errors:Skipping safety inspectionsUsing outdated tenancy agreementsMispricing the propertyIgnoring local licensing rulesDelaying repairsEach mistake increases financial and legal risk. Professional oversight prevents these problems before they escalate.Why do many landlords use a letting agent?Letting a property in London involves constant regulation, tenant communication, and property management. Many landlords choose a professional agentto:Handle compliance deadlinesMarket properties correctlyReference tenantsManage repairsReduce void periodsAn experienced agent protects income whilst saving time.FAQsHow do I let a property in London?Prepare the property, complete safety checks, set the correct rent, reference tenants, and protect the deposit. Compliance is essential from day one.What legal checks are required?Gas safety, electrical inspection, EPC, Right to Rent checks, and deposit protection are mandatory.Can I increase rent in 2026?Yes, but increases must follow legal procedures and updated tenancy reforms coming into force in May 2026.How long does it take to let a property?Well-priced London homes often let within weeks, sometimes days, depending on demand and condition.Do I need a licence to rent?Some London boroughs require selective or HMO licensing. Always check local council rules before advertising.How Cribs Estates can helpCribs Estates helps landlords let a property in London with confidence. We handle valuations, marketing, tenant sourcing, compliance, and full property management, ensuring your investment performs whilst meeting every legal requirement. Book a free lettings consultation with our team.

Read more

Property Market Predictions 2026 in the UK: What to Expect

What will the UK property market look like in 2026? For buyers, landlords, and investors, the picture is mixed: modest price growth, slowly easing mortgage costs, and stronger rents in many regional markets. But how should the landlords take it before making their property decisions? Here’s the answer: Quick headline predictions Modest UK house price growth of around 2-4% in 2026 (regional variation likely). Typical 2 and 5-year fixed mortgage deals are broadly in the mid-4% range. Private rents are rising, around 4-6% in many areas. Regulatory changes (from 1 May 2026) raise the compliance for landlords. Stronger performance outside London (Midlands, North West, regional cities). House prices: growth, big regional differences National averages give useful context: England’s mean house price was roughly £293,000 in late 2025. For 2026, most mainstream forecasters expect a gentle uplift rather than dramatic jumps. The story is regional: many northern and midlands cities show stronger growth prospects, while London may lag or recover more slowly. What this means: if you’re buying for capital growth, look beyond headline averages, examine local demand, planned regeneration, and transport links. For investors, yields matter more than small percentage price moves. Mortgage outlook and affordability Mortgage markets have started to ease from the 2024-25 peaks. Common fixed deals in early 2026 sit in the mid-4% area, which improves affordability compared with the highs. However, many homeowners and landlords face remortgage decisions as fixed deals expire this year, so timing and stress-testing are vital. Practical tip: if you have a deal ending in 2026, run numbers on both scenarios (rolling to SVR vs fixing). For buyers, prioritise lender product fees and the true monthly cost, not just headline rates. Rents: steady support for buy-to-let Rents have continued to rise across much of the UK. Private rent inflation has moderated from previous peaks but remains positive, broadly around 4-6% year-on-year in many areas. University towns, commuter suburbs, and regional cities with strong job markets will see the most reliable demand. For landlords, this means rental income can help offset higher borrowing costs in many markets, provided properties are well-maintained and compliant. Regulation and deadlines that will shape 2026 Two policy areas will be especially important this year: Tenancy law changes: effects of the Renters’ Rights reforms mean new procedures for rent increases, possession, and tenancy handling come into sharper focus from 1 May 2026. Landlords must update tenancy agreements and processes. Energy efficiency (EPC) rules: longer-term MEES targets make planned EPC upgrades essential. Even if deadlines are phased, budgeting and staged works should start now. These reforms are accelerating the professionalisation of the sector: more landlords will need structured compliance, better record-keeping, and trusted local managers. Where opportunities are likely to be best Regional cities (Manchester, Leeds, Birmingham): attractive for buyers and investors seeking growth and yield. Commuter towns: still a good play for buyers priced out of centres but wanting capital growth potential. University towns: steady rental demand from students and staff. Premium markets (Oxford, Cambridge, parts of London): stable but expensive, better for long-term holders than yield seekers. Choose a location based on objective markers (transport, jobs, schools, regeneration),  not only on short-term hype. Checklist for 2026 Review upcoming remortgages and consider fixing rates where it makes sense. Schedule compliance checks (gas, EICR, EPC) and update tenancy paperwork. Reassess your portfolio: sell underperforming assets, invest in cost-effective upgrades for those you keep. Consider professional management if you lack time or local presence. Model worst-case cash flow (higher rates, voids) to ensure resilience. FAQs About Property Market Predictions 2026 Will house prices rise in 2026? Most forecasters expect modest rises (2-4%) nationally, though regional differences will be significant. Should I fix my mortgage in 2026? It depends on your personal situation; if your current deal ends soon, compare fixing vs the cost of rolling to SVR and stress-test affordability. Will rents keep rising in 2026? Rents are likely to rise modestly in many areas, supported by demand in regional cities and commuter towns. How Cribs Estates can help Cribs Estates offers market-led advice, compliance audits, and fully managed services to help buyers and landlords act proactively in 2026. Our team can review remortgage timing, plan EPC works, and provide a compliance check tailored to your portfolio.

Read more

Property search

Residential Lettings
Price
Min price
Max price
Number of Bedrooms
Min bedrooms
Max bedrooms
Find properties
x