Offer terms and conditions

  • The Rental Guarantee Scheme is offered by Benham & Reeves Limited in collaboration with Barratt London, a trading name of BDW Trading Limited.
  • Tenancies arranged through the Rental Guarantee Scheme will be for 12 months and may exceed the period for which rent is guaranteed.
  • The Rental Guarantee Scheme is not available in conjunction with any other offer.

The Customer:

  • Must be a Buy-to-Let purchaser.
  • Must pre-register for the scheme on or prior to their reservation of an eligible unit and ensure that the scheme is detailed on their reservation form.
  • Must appoint Benham & Reeves Limited as their sole letting agent and must allow them to let the property on their behalf.
  • Will receive 5% of the 10% deposit that they put down on exchange, to cover the period of approximately one year between exchange and completion paid as a contribution towards moving costs.
  • Will not have a say on the tenant that Benham & Reeves find to let the property to.
  • Will receive 5% of the net purchase price split into 12 monthly instalments from the date of completion.
  • Will receive a furniture package by In:Style interior designers installed on completion – making the property ready for occupancy immediately.
  • Must pay Benham & Reeves the following fees during the rental guarantee period:
  • 1) Management fees of 12% of the guaranteed rent for any participating unit plus VAT
  • 2) A fee of up to £350 including VAT for supply of the tenancy agreement
  • 3) A fee of up to £60 including VAT for registration of deposit
  • 4) The actual cost of an independent check of the participating unit at the start of each tenancy
  • 5) The cost of inventory and check-out to be paid by the landlord
  • 6) A rental guarantee policy fee of £199 including VAT
  • 7) Any withholding tax and a fee of £75 including VAT per rent payment payable by any overseas customer not registered for the non-resident landlord scheme. Above payments will be deducted from the monthly instalments paid to the customer
  • Must sign the Rental Guarantee Scheme contract with Benham & Reeves at the point of reservation.
  • Must complete on the purchase.

Benham & Reeves:

  • Will pay the customer 5% of the net purchase price split into 12 monthly instalments over the 12-month rental guarantee period less the fees listed above.
  • Will market, let and fully manage the property and retain any rents received during the 12-month guarantee period.
  • Will provide a contract between themselves and the customer regarding the guarantee that will need to be signed at the point of reservation.
  • Tenancies arranged through the Rental Guarantee Scheme will be for 12 months and may exceed the period for which rent is guaranteed.
  • For full Benham & Reeves Terms and Conditions please visit the website: https://www.benhams.com/barrattrentalguarantee12months/

Barratt London:

  • Will give the customer an allowance on completion of 0.5% of the purchase price. Equal to 5% of the 10% deposit paid upon exchange.
  • Will pay Benham & Reeves a top-up from the achievable rent to the 5% level as well as four month's rent.
  • Will provide the customer with a free-of-charge furniture package by In:Style interior designers to be installed on completion – making the property ready for occupancy immediately.
  • Will allow Benham & Reeves access to the property at the earliest convenience so that the property can be marketed for rent swiftly.

Please note: This is a promotional offer and does not represent advice as to the yield achievable on properties on the open market. The Rental Guarantee Scheme will be disclosed to mortgagees as part of the sale process. The customer will need to enter into an agreement with Benham & Reeves for the Rental Guarantee to be effective. Subject to application. Full terms and conditions apply.