The Tenant Fee Act

  • The long-awaited Tenant Fees Act was introduced across England on 1st June 2019. The government has released a guidance note for those in the industry.
  • From June 1st, it is now illegal to charge a tenant a fee relating to their tenancy unless it is one of the seven areas listed here.
  • Deposits are now capped at a maximum of 5 weeks’ rent for properties let with an annual rental of up to £50,000, or 6 weeks’ rent for those at or above £50,000. Holding deposits are capped at one week’s rent and payments to amend the tenancy agreement to £50.
  • The latest survey of English Housing indicates over half a million more households now privately rent compared to five years ago (MHCLG). Read the full guidance here.
http://chelmsford.pro-val.co.uk/

Welcome

This blog follows the buy-to-let market in Chelmsford. You'll find tips, guidance, and analysis that relates specifically to Chelmsford and you'll also find properties from all the estate agents in the town on here that may make decent investments. I operate Martin and Co in Chelmsford and if you're thinking of buying a property to let in Chelmsford, I'm happy to offer a second opinion.

Meet the Author

Stephen Frost FARLA ANAEA

Hi, and thank you for visiting this blog. I have been in the Chelmsford Property market since 2008, owning and running with my excellent colleagues, the Martin and Co office in Chelmsford. I am also a Buy to Let Mortgage Adviser helping Landlords like you. I have always shared my thoughts on the local property market in Chelmsford with my landlords, but now I want to share with everyone in the town. On this blog, John and I will talk about what is happening in the town's property market itself, even looking at specific streets or housing estates. At other times, we will post what we consider decent buy to let deals. Some will be on the market with me (as we also sell property), but others will be on the market with other agents in Chelmsford. We like to look at the whole of market and give you, what we consider the best investment opportunities.I am a very experienced Estate Agent and a Fellow of ARLA (The Association of Residential Lettings Agents). I have 25+ years’ experience in the local Property Market, starting as a Trainee Sales Negotiator for a Corporate Agency. Working my way up through the ranks I have spent my entire working career in the Customer Service Industry. Born in Chelmsford, I am married with 4 Children. In my spare time, I enjoy spending time with the family, playing golf and going out for a run!

Co-Author

Co-Author

John Frost CeMap
I have over 5 years experience within the property industry, including experience in the mortgage/finance industry. I have been a big part of the Martin & Co family for the last 12 years, being the son of the big boss! I have a passion for helping people move! In my spare time, I enjoy taking the dog for a walk with my wife, playing golf and spending time with my family.

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