No hidden charges. Every fee below is shown including VAT first, with the price before VAT in brackets. N&J Property Services Ltd is VAT registered (406654107).
Investors: property sourcing
| Service | Fee | When it is paid |
|---|---|---|
| Sourcing registration fee (non-refundable) | £420 inc. VAT (£350 + VAT) | When you sign our sourcing agreement |
| Sourcing fee for a completed deal | 1.2% of the purchase price inc. VAT (1% + VAT), minimum £2,500 inc. VAT (£2,083.33 + VAT) | On exchange of contracts |
| Collapse fee: if we have secured a property for you and you decide not to go ahead (for example, a change of mind or not getting finance) | £420 inc. VAT (£350 + VAT) | When you withdraw from the deal |
| Deal pack and area research | Included | — |
No deal fee or collapse fee is payable if a deal falls through for reasons outside your control, such as the seller withdrawing or an adverse survey. Late payments may incur interest as set out in our Terms of Business.
Sellers
| Service | Fee |
|---|---|
| Selling your property to one of our investors (we find the buyer) | No commission payable by you; the buyer pays our sourcing fee |
| Withdrawal fee: if you withdraw after we have introduced a buyer and sale terms are agreed, or during a sole selling rights period | £420 inc. VAT (£350 + VAT) |
| Full fee: only payable in the circumstances set out in your sole agency or sole selling rights agreement | The amount, including VAT, is agreed with you in writing before you sign |
Landlords: lettings and management
| Service | Fee |
|---|---|
| Fully managed (buy-to-let and HMO) | 12% of monthly rent inc. VAT (10% + VAT) |
| Tenant find only (buy-to-let) | £250 inc. VAT (£208.33 + VAT) |
| Tenant find only (HMO), per room let | £95 inc. VAT (£79.17 + VAT) |
| Tenant find, referencing, tenancy agreement and deposit registration | £495 inc. VAT (£412.50 + VAT) |
| Repairs and works we arrange | 12% of the contractor’s invoice inc. VAT (10% + VAT) |
| Serviced accommodation management | 14.4% of each booking inc. VAT (12% + VAT), calculated on the booking value before Airbnb or other platform fees are deducted |
| Changeover clean, laundry and welcome pack | Quoted in writing, inc. VAT, before any work starts (based on property size and number of rooms) |
| Deep clean before first let | Quoted in writing, inc. VAT, before any work starts (based on property size and number of rooms) |
| HMO cleaning | Quoted in writing, inc. VAT, before any work starts (based on property size and number of rooms) |
| Rent-to-rent / guaranteed rent | No fee to the landlord: rent and terms agreed in your contract |
Tenants
We do not charge tenants any fees other than the payments allowed by the Tenant Fees Act 2019:
- Holding deposit: up to 1 week’s rent
- Tenancy deposit: up to 5 weeks’ rent (6 weeks where annual rent is £50,000 or more), protected with MyDeposits
- Rent
- Changes to the tenancy requested by the tenant: £50 inc. VAT, or reasonable costs if higher
- Late rent: interest at 3% above the Bank of England base rate on rent more than 14 days late
- Lost keys or security devices: the reasonable cost of replacement
- Utilities, council tax, TV licence and communication services, where the tenancy makes the tenant responsible
Our memberships
- Redress: N&J Property Services Ltd is a member of The Property Redress Scheme, membership number PRS048601.
- Client money protection: Client Money Protect, membership number CMP009654.
- Deposit protection: tenancy deposits are protected with MyDeposits.
- Anti-money laundering: supervised by HMRC, registration XDML00000143678.
- Data protection: ICO registration ZA535367.