With extensive property industry experience and drawing on our own landlord experience, we have created a bespoke service for buy-to-let investors, to not only eradicate the pitfalls but increase their income as well.
With our zero-free, guaranteed rent service, EXLA London would offer you market value for your property and would act as your tenant on a contract length of your choice, giving you peace of mind and security without the worry of void periods, non-payment from tenants, or estate agency fees. We will ensure that your property in maintained to the highest standard, regularly cleaned, inspected and only occupied by fully vetted, professional sharers.
- No letting fee, no management fee, no hidden costs.
- No void periods & rent received on the same day of every month for as long as you wish.
- Our 24-hour maintenance team are on hand to deal with any urgent problems.
- Twice-monthly cleans ensure your property stays in top condition.
- Free, third-party check-in/check-out reports, ensuring your property is returned in the same condition.
- Flexible contracts to give you vacant possession within a month should you need it.
If you want to be completely hands-off with your investment, with a long-term, fixed guaranteed income and absolutely no fees to worry about, then this is the service for you. If, however, you’re look to increase your income by up to 25%, then our investment management service might be the best option for you.
DID YOU KNOW...?
The average rental yield of an investment property in London is in the region of 4-5%. An experienced BTL landlord with an ex-council property may average closer to 6-7%. However, with careful management of the property, we can achieve yields in excess of 8% for our investors.
Average purchase price of a 3 bedroom maisonette in a well-connected Zone 2 postcode - £425,000
Market rental value - £2100
Average net yield – 6%
Achievable rental value through an EXLA managed let - £3000
Net yield – 8.5%
Why isn’t everybody doing this? Because it’s a LOT of work. However, for a small monthly percentage of the income we can manage the entire process for you.
In addition to maximising your returns, with years of experience in dealing with inner London councils, we can also help to guide you through the ever-changing legislation, increasingly demanding licensing regulations and absorb any of those increased costs through a higher rental return.
- Increase your returns by up to 25%.
- Full property management service included.
- Full tenant-find and marketing service.
- 24-hour emergency call-out service.
- No lengthy contracts.
- No up-front agency fees.
Frequently asked questions
EXLA London becomes your tenant and we take on all of the contractual responsibilities.
We will need to view the property to check it meets our requirements, we will then make you an offer, EXLA London agrees to become your tenant for a mutually agreeable term (3 months to 3 years), we then sign the tenancy, take the keys, paying you the first month’s rent from the date the contract starts and then every month on the same date until the term ends.
There are absolutely no fees whatsoever. You get the full agreed monthly rent every month with no deductions or management fees.
We will return the property to you in the same condition as when we started managing it for you, subject to usual wear and tear. We conduct inspections every three months to ensure that the property is being properly looked after and also provide a free monthly cleaning service of all communal areas. A condition report will be done as each tenant enters and exits the property and if there is any damage to the property, this will be covered by the tenant’s security deposit.
- Proof of Ownership i.e. mortgage documents/land registration document
- Gas Safe Certificate (Gas)
- NICEIC Certificate (Electrical)
- Buildings insurance
We will take care of furnishing your property if needed, at no cost to you.
What our customers say
I was with an online agent and hadn’t managed to get any offers or any advice really on what I needed to do. I heard about EXLA London and that they specialise in ex local authority properties so decided to give them a try. They were very proactive and called me regularly to let me know what they were doing and what was going on. They got me an offer that I was happy to accept and we completed on the sale just before Christmas. Thanks for your help with my property, it’s nice to know there’s an agent out there who priorities council properties.
Excellent service! I currently rent a flat through EXLA and I must say that since I live in the UK they are the best company I’ve worked with. Chris is always willing to help with any inconvenience and makes sure that everything is in order at the property. Great work guys!
“It was a pleasure purchasing our flat through EXLA London. From the start they were very efficient, friendly, and honest. Having dealt with many estate agents over the years we can without a doubt say that EXLA provide a service that exceeds the standards of any we have previously experienced, it was a breath of fresh air. We would have no hesitations about using EXLA again and would highly recommend them to anyone else looking for an effective and honest estate agents.”
We had been on the market with a local estate agent for a few months with no results and no advise or contact really, we felt like we had been forgotten. I received a letter from EXLA London and agreed to let them market my property. We received an offer from an investor and we have just moved into our new home. EXLA London really do have the right buyers for council properties, they worked so hard for us and we probably wouldn’t have sold without their knowledge and expertise.
From the very start, compared to the other estate agents I met, EXLA London and Christian Dugard displayed genuine enthusiasm for helping me to sell my flat – and of the 3 valuations I sought from 3 different types of agents, EXLA London’s was the most realistic and fair – yet not the lowest! As matters progressed and hurdles appeared, where other agents would undoubtedly have cared less and may even have thrown in the towel, EXLA London’s enthusiasm turned into determination and they went out of their way to help me to reach completion. Ex-Local Authority property is not always an easy-sell and many estate agents don’t care less about them. So when trying to sell this type of property, having faith in an estate agent is difficult, but this being EXLA London’s sole purpose, along with that personal touch and the extra pushes they give, gave me faith in them right from the outset and I’m really pleased that I chose EXLA London and recommend them wholeheartedly.
We had tried to sell our property for the last couple of years but EXLA were the agent that actually sold it for us and their fees were also very competitive. They helped all the way through from start to finish, especially with some difficult negotiations that kept the sale together.
“EXLA London were excellent, I had my flat on a multi agent contract with a few big name agents but had nothing happen for months, Chris then came on board and they sold it within four weeks of signing with them. They helped me all through the sale contacting the solicitors and making sure I was informed at all stages of the purchase. I would recommend to any buyers or sellers of X council properties to sign up with EXLA. Excellent service!”
Chris and his team offer a very down to earth and honest approach which frankly puts them way ahead. Very happy with the service they provide me as a landlord so very happy to recommend them, Dan Mullins
Chris was very accommodating in writing up and agreeing the contract regarding dates and moving in and out. Flat I lived in was nice and am happy with the service overall.
Elephant & Castle