Submit property

Landlords feel the heat

A couple of days ago I went to a property in Tottenham, North East London. It was a Victorian house, with a loft conversion, 4 bedrooms, 2 bathrooms and a small/average size garden for the capital. I met the owner Jackie, who greeted me by saying the place was awful. I asked her why, and she replied that it was her home until April’09, then she married and moved into her husbands house in Southend. The agency rented her house to a family, but in July 2010 the new family stopped paying the rent. It took from July2010 to now (mar/feb2011) to force the family out.

I went in and the place was shabby, curtains ripped, kitchen with doors hanging off, carpets soiled, lots of mess, the garden with a mattress and a damaged fence. I could see that the house was in a decent shape 2 years ago: polished floors, good fittings, a fireplace, a roll top bath etc. but the tenants had ruined it. I surveyed the property and put down a conservative £5000 to bring it up to rentable standards. Jackie looked resigned – she was a fed-up landlord.

We will do the work with our trusted team, she will walk away from the property with cash to start her business and still has a share in the house. In 10 years time when we sell the house that proportional stake (which in this case was 41% for her) should have risen. If you like that agreement then call us.

“YouSellQuick gave me a very good deal and helped me through the whole process.”

— D. Halls London, England

“I got exactly what they offered in my bank account, nothing less, no extra fees or commissions.”

— R. Gray Colchester, England