The UK property market has been booming off the back of the pandemic, with private rental properties hitting the market and being let within the same 24 hours. For tenants, this fast-paced process may come as a bit of a shock, but letting agent, Sims Williams, are here to share our 5 tips for securing the rental property you really want in this busy market.
1. Be prepared
For tenants already in a rented property, it’s important to note the renewal date of your contract and be prepared to re-enter the market. Whilst you may wish to stay put, there is a risk that your landlord could make a decision to sell or find a new tenant, despite your loyalty thus far. The silver lining in this situation is that landlords must give 2-months notice for you to vacate the property; which gives you some time to embark on your search.
2. Register with letting agents
Most letting agents issue email alerts to their tenant database when a new property comes on the market, and this will often happen before the property hits the online portals. With the market as busy as it is, it’s important you register for these email alerts, as well as regularly checking the property portals like Rightmove, Zoopla and On The Market, so that you have the best chance of seeing the property before others.
3. Keep your search as open as possible
There will always be reasons why you’d choose a particular location over another, but if you’re willing to broaden your search you may find another area that is equally as desirable as the first – there may even be additional benefits like lower council tax, cheaper rent and so on. The more open and flexible you can be with your search, the easier it should be for you to secure your next rental property.
4. First impressions count
Most private rentals will be managed by the letting agent that’s conducting the viewing, and they will be meeting all interested parties. By leaving a positive first impression on the agent, if the landlord asks for personal feedback, you can be rest assured that you’ve done all you can. Landlords may ask for this feedback because they want reassurance that you will be a good tenant and look after their property. First impressions are paramount.
5. Act fast
If you want to take a rental property, say so as soon as you can. Some agents may ask for this in writing alongside a written testimony as to what will make you the best tenant.
Once you’ve been given the great news that you’ve secured the property, things will move very quickly. You’ll need valid ID, bank account details, details of your employer, evidence of your right to reside in the UK and funds for your deposit. Make sure everything is ready so that there’s no hold ups!