This blog follows the property market in Northampton with a particular emphasis on buy-to-let. On here you'll find general commentary about the market, plus properties that may represent decent buys. I own a large estate agency in Northampton and am myself a landlord with an established portfolio. If you're looking to invest, but are unsure what will work best, I'm happy to offer a (free) second opinion. If you have a property to sell I can help with that too! Email richard.baker@belvoir.co.uk

Saturday, 23 April 2011

Landlady Loses Home As Lettings Agent Messes Up!

This story caught my eye this week. Incredible that this sort of thing can happen - why don't they introduce compulsory regulation for estate agents?
LANDLADY LOSES HER PROPERTY WHEN LETTINGS AGENT MESSES UP REFERENCING (click to see story).
To stop this happening to you, you should

use an ARLA or NALS agent who subscribe to a code of practice meaning that referencing actually does get done!
take rental insurance on your tenancy so if your tenant doesn't pay the rent, your insurer will.
check your agent has professional indemnity insurance, so that if they do get something wrong (and in a high volume business it can happen!), they are covered for any liability to yourself.

Richard.

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