Many of us found ourselves having a quick chuckle at Chancellor Rachel Reeves this week after she was well and truly stung for not having a landlord licence. But as much as we might have enjoyed seeing government ministers under the spotlight, don’t forget that same lens will now well and truly be on us.

It’s a criminal act not to have one, and if you don’t, tenants will be able to claim back 12 months’ rent. With the new Renters’ Rights Act that will go up to 2 years rent.

Whilst the average monthly rent in the UK varies significantly by region, a recent average came at around £1,300 for all private rentals.

No licence this month? That’s £15,600 tenants can claim back from you. No licence by April next year? Tenants will be able to claim a whopping £31,200.

Landlords need to go back and check every property they own, and call their local councils to make sure they haven’t made any mistakes. This doesn’t just affect landlords thinking of staying in the game, landlords thinking of selling need to be even more vigilant, especially if their reason for selling is to get back on top of their finances.

We also need to look into exactly when the Renters’ Rights Act becomes active. People think it’ll be next year, but the question we need to be asking is: when can you issue Section 21s up until? All the things that can catch a landlord out are well and truly in force. We need to become clued up, and fast.

For many landlords, the stakes have become far too high and they still want to continue selling. Many are taking the same route: issue a Section 21 now, so you can get your properties sold by next April. You might be thinking that you have to do a refurb too.

With National Residential, you don’t have to worry about any of this.

Known for being the UK’s top landlord portfolio exit company, we have such an extensive list of buyers that we’re able to get you a great price as is. No Section 21s, no refurbs, we’ll take the whole thing off your hands and get you the price you’re happy with.

What’s more, you don’t have to compromise on options. Want to sell via an Estate Agent instead? Think you can get a higher price? We have a multi-sales approach, meaning we market your properties not just to our internal database of over 30,000 buyers, we also work with the UK’s top-performing local agents, investors, property buying companies and large private funds. Every person on our books is sent a text message the moment your properties are listed through us, generating a bidding war that drives up prices, no matter what condition they’re in, or whether or not they’ve got tenants.

It also generates sales fast. On average, all our properties sell in less than 28 days.

So if you’re worried about getting out before next April, you can relax, chances are you’ll have all your money in the bank before Christmas.

All you have to do is use the button below to tell us about the property or properties you want to sell.

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