• Southcourt Property Services Ltd. Est 1989.  Letting Agent Training since 1997
  • 020 3397 0070

The Lettings Industry

An opportunity not to be missed

The lettings industry is not only booming now, but is predicted to expand considerably over the next few years.

It is reported that nearly 65% of the homes in UK's private rental sector are already managed by property letting agents, in an industry with an estimated worth of £10 billion and rising.

Right place, right time!

For the ambitious and self-motivated individual this represents a fantastic opportunity to build a highly lucrative business in the private rental sector as a Letting Agent.

Rental Britain

A recent report entitled Rental Britain published jointly by Savills and Rightmove confirms that the trend towards Britons renting their homes continues. It states that the total value of our rental stock has risen by a massive 42% in the last 5 years, now topping £840 billion, with almost 1.5 million new rental households in the same period.

More Letting Agencies actively encouraged

Reports by The Housing Federation, and also The Joseph Rowntree Foundation (JRF) indicate that by 2020 over 40% of the population will be renting. The highly respected JRF report actively encourages the expansion of letting agencies to act as brokers between tenants and landlords.

The growth in the UK property rental market is due to several factors –

  • The shift towards renting is increasing in large part due to a combination of mortgage restrictions and rising house prices resulting in buying becoming impossible for more and more people
  • The recent government Help to Buy Scheme is having no significant effect as, without an increase in new housebuilding, the scheme itself is driving up house prices
  • Recently published DOE figures estimate a need for an extra 6 million homes in the next 10 years, due to factors including a rising divorce rate, greater life expectancy, growth in single parent households, students leaving university, and continuing immigration, all swelling the demand for rented accommodation
  • The supply of rental property will continue. Buy-to-let is seen as a stable and profitable investment medium in our low real interest rate climate, and new landlords are joining the industry every day
  • When you consider that in France 70% of housing is rented, and in Germany the figure is 55%, you can see that there is much room for growth in the UK, where we are more and more adopting European ways

Some Benefits of Running Your Own Letting Agency

This is a fantastic opportunity to join the hundreds of successful letting agents that have set up with the Southcourt Letting Agency Business Package.

Here are just a couple of the benefits –

  • Enjoy a potential £100K+ per year income providing a much-needed service in your own local area.
  • Massive, booming industry. A growing number of landlords and tenants need our services every year.
  • Can be run full-time or part-time, from home or office – you have complete control. And no qualification or previous experience is necessary.
  • Rapid start-up and immediate cash-flow. Follow our guidance and you can be up and running in a couple of weeks, and unlike most businesses, you do not suffer from cash-flow problems, because you retain your fees at source – we show you how.
  • Ongoing residual income. Commissions from managed properties arrive automatically every month, your income increasing with each property added – even when you're on holiday or otherwise engaged.

Read about more benefits here: Benefits of Setting up a Letting Agency

Get started today