• London’s private rented sector has doubled in size since 1991 (London Assembly)
• £240 million of late rent owed across England & Wales (May 2014, LSL Property Services)
• Innovative new Rent on Time product guaranteed to safeguard landlords‘ income

According to the London Assembly London’s private rented sector (PRS) has doubled in size over the last decade, now accounting for 1 in 4 households.

A trend witnessed from Lands’ End to John O’Groats, the PRS continues to grow at a staggering rate with new research by Direct Line Insurance stating that 3.2 million homeowners in the UK are planning to rent out parts of their property or their whole property as a short term let, or take part in a house swap during the next 12 months.

Managing rental properties can be a profitable business as long as you manage your cash flow successfully. The biggest factor for landlords affecting cash flow management is the ability to collect rent on time, as more often than not, at one time or another, landlords are bound to have a tenant who pays their rent late – or worse not at all!

In fact the latest data from LSL Property Services reveals that some £240 million of late rent was owed across England & Wales in May 2014.

Kirit Lakhani, Senior Partner & Co-Owner of Charles Derby Estates Notting Hill comments,

“As a hands-on landlord for 20 years, I know from personal experience that the biggest monthly concern landlord’s face is getting the rent in full and on time. Whether the tenants can’t pay the rent, only have part of it or simply won’t pay, whatever the story, all too often the chase for rent happens which is such a waste of valuable time and money.

“Understanding this frustration and in an attempt to do things differently here at Charles Derby Estates Notting Hill, we are proud to offer to our landlords Rent on Time. Thisinnovative and competent product ensures all landlords receive their rent on time, every time, without having to go to the trouble of making claims or having to pay extra fees.”

Devised by an expert team with experience spanning over 80 years in the property lettings industry, Rent on Time is unique concept ideal for landlords who want to have a contingency plan in place should their tenant not be able to pay their rent for whatever reason.

Lakhani goes on to comment,

“Rent on Time does exactly what it says on the tin; pays your rent on the due date no matter what. It guarantees seamless cash flow on your property portfolio as it will pay the rent on time, even if the tenant defaults. Landlords can rest easy in the knowledge that their monthly rental payments are guaranteed and fully safeguarded. Having employed the product on all my rental properties, I know I do!”

For more information on Rent on Time and Charles Derby Estates Notting Hill please visit http://www.charlesderbyestatesnottinghill.com/ or call 0207 792 1777. You can also Like the dedicated Facebook page or follow on Twitter.

According to Land Registry data, London house prices rose at their fastest monthly rate since records began in 1995, to an average of £435,034.

The price of the average property in London now stands at around £403,792 and by 2018 the average house price in the capital is expected to reach nearly £600,000 according to an economic forecasting group EY ITEM Club.

Interestingly, Land Registry analysis of property sales data for individual local authorities found that prices in Kensington & Chelsea — the strongest performing London borough — had increased by 76 per cent in the past 5 years, with a 13 per cent rise in the past year alone.

Bobby Parikh, resident of the area for over 18 years and Director of Charles Derby Estates Notting Hill, a brand new luxury sales and letting agency opening in this particular borough this Friday 27^th June comments,

“It comes as no surprise that property sales in the Royal Borough of Kensington & Chelsea have hugely increased in recent years. This is one of the reasons we chose the Borough to launch the next Charles Derby Estates branch as the demand for property both to buy and rent is high.

“Here at Charles Derby Estates Notting Hill we will be able to provide not just your average sales adviser but highly qualified investment, pension and mortgage advisers who will always be on hand to guide landlords, tenants, prospective property buyers and sellers towards achieving their financial aspirations all under one roof!”

As the market picks up there is a clear demand in the Notting Hill area of London for a luxury estate agency to offer the range and quality of services available at Charles Derby Estates with the financial background of the expert team being a real advantage to buyers and sellers.

So for those interested to know more about the area, local landlords and perspective buyers alike, come and meet the expert sales, lettings, property management and finance team at the head office launch party over a glass of fizz (or two!) and some nibbles, and discover how Charles Derby Estates Notting Hill will be raising the standards of estate agency in West London.

For more information on the luxury Notting Hill estate agency’s launch THIS FRIDAY 27^th June and its services call 0207 792 1777, you can also visit http://www.charlesderbyestatesnottinghill.com/ and follow on twitter or like the dedicated Facebook page.