Pricing Policy

At Letability, we like to keep things as clean and as simple as we can.

And the same applies to our pricing policy.

We think it’s refreshing. We think it’s fair. We think you’ll like it.

Pricing Policy

At Letability, we like to keep things as clean and as simple as we can.

And the same applies to our pricing policy.

We think it’s refreshing. We think it’s fair. We think you’ll like it.

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Fair 'flat fee' pricing

We’ve done away with the percentage method of calculating our Set-Up and Management Fees. 

After all, it just can’t be right that two landlords with identical properties pay different fees simply because the rent on one property is higher than the other. 

Can it? We think not.

At Letability, we operate on a ‘cost plus’ basis. That is, we calculate our costs and then we add on a margin for profit. And that’s it!

So, irrespective of the rental value, landlords with two identical properties will pay the same Flat Fees. 

We think that is fair! 

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All inclusive Pricing

Because our Set-Up and Management Fee includes the cost of most things likely to happen during a tenancy, nasty surprises will be a thing of the past.

When you look at our Fee Schedule, you’ll see that there are a lot of items which are priced at £nil. And that makes sense.

After all, during a tenancy cycle, certain thing will happen. So if we know they will happen in every tenancy, then why not include them in the calculation at the outset? Well we do!

And by doing so, we do don’t have to keep raising invoices and that in itself, saves you a lot of money.

Okay, there may be some items that may need to be charged as an extra – either because they are unlikely to happen to all landlords or because landlords have other arrangements in place – but they are few and far between.

And remember, when carrying out comparisons, all Letability pricing is fully inclusive of VAT and also includes many of the fees that will be charged separately by other letting agents!

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Saving you money pricing

At the outset of each tenancy – even before you sign on the dotted line in many cases – you will broadly know how much our Set-Up fee will be and how much the monthly Management Fee will be. (See for yourself by visiting our quotation page.)

The only variable will be maintenance issues but even there, we will not bombard you with an invoice every-time something is done.

As will be seen in our FAQ section, the cost of raising an invoice varies between £4 and £25 and there are no prizes for figuring out who’s actually picking up that cost! 

That’s why, at Letability, we keep the number of invoices to an absolute minimum by only raising an invoice once a month (for all costs incurred during the month) or when the amount gets to a preset level.

If you do choose to include certain optional services – such as a Gas Safety Check or Rent Guarantee Insurance – we will be happy to spread the cost of these items over the term of the tenancy so that you have a smoother cash flow.

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Rewarding your loyalty pricing

Have you seen those adverts where new customers get a much better deal than those that have been with the company for a number of years? Of course you have. And it’s not fair is it?

At Letability, when it comes to calculating our fees, we use a ‘cost plus’ pricing model. We work out our costs for the service we are giving, add a profit margin and that is what we charge you. We do not operate the ‘let’s see how much we can get away with’ type policy so familiar with others.

When an existing tenant moves out and you retain us to search for a new tenant (thank you for that), our fees for doing so will be less than what you paid when we found the first tenant. This is because certain costs that we incurred in the beginning are not incurred again. We pass those savings on to you.

Similarly, if you ask us to manage more than one property for you (thank you again), the cost relating to that second property will also be reduced for the reasons given above.

And what’s more, we are up-front and tell you at the outset exactly what those renewal costs will be. See for yourself by using our quotation model.

There is a further reward for loyalty through our Revolutionary Scheme – why not take a look now?

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Still have questions?  Our FAQs section has a lot of answers but if you are still stuck, get in touch and we’ll get straight back to you.

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