Frequently Asked Questions
Answers for Tenants, Landlords, Buyers & Sellers
Below are some of the questions we are frequently asked by our prospective and current tenants.
What criteria do I need to have to apply for a property?
In most circumstances anyone looking to apply for a rental property must have a clean credit record (no CCJs or bankruptcy orders).
What is the minimum term a property can be rented for?
MAK Estates will provide assured shorthold tenancies for a minimum term of 6 months.
Furnished or unfurnished?
Around 75% of our rental properties are offered as unfurnished. This means properties will be offered with curtains, carpets and a cooker only — you will need to provide your own furniture, kitchen utensils etc. However, if you are looking for a furnished property, please contact us as we can usually help.
Can I apply for a property without viewing it?
Unfortunately not. We are unable to accept applications from those who have not viewed a property.
I have just arrived from abroad and have no credit or landlord history in the UK. How do I rent a property?
If it is possible for you to provide references from overseas landlords or agencies from whom you rented your last property, we will check them. Alternatively, some landlords will accept a lump sum (3 or 6 months in advance) in lieu of references.
Do you accept pets?
We cannot speak for all our landlords, but we will always put forward any requests. The final decision remains with the landlord. We recommend that you provide us with as much information about your pet as possible so that we can fully discuss it with the landlord on your behalf.
What fees are applicable to taking a tenancy?
In line with the Tenant Fees Act 2019, we do not charge referencing, administration or application fees. Please download our Tenant Fees Schedule for a full list of the permitted charges that may apply during your tenancy.
What documentation will I need to provide?
In line with Government requirements we require documentation to complete Right to Rent checks. You will be required to provide ID in the form of a passport and/or birth certificate along with proof of address such as a driving licence or bank statement. We will also need to see any applicable visas. We cannot proceed with the application until we have received these documents.
We use an external referencing company who will request further documentation regarding income. They will need to contact your current/previous landlord and your employer or, if you are self-employed, at least the most recent annual tax return. Referencing usually takes 1–2 working days providing all information is supplied.
Why might my application be refused?
Your application could be refused if we are unable to verify your identity and legal right to rent in the UK, you have adverse credit history, unsatisfactory references from your employer or previous landlord, or if you do not satisfy our affordability criteria.
Will I need a guarantor?
If you do not have enough income to cover the rent, or there are any other issues with your application, the landlord may accept your application subject to a satisfactory guarantor. Our minimum affordability criteria require evidence of income at 2.5 times the rent. The guarantor — for example a parent or guardian — must agree to guarantee the rent and other obligations of the lease. They should be in full-time employment and/or own their home and will be subject to a credit check. Please ask us for a Guarantor Application Form.
How much security deposit will be required?
A security deposit equivalent to five weeks’ rent is required prior to the tenancy start date (e.g. a monthly rent of £1,000 would require a deposit of £1,153). Deposits must be paid by bank transfer and will be protected by the Tenancy Deposit Scheme. The deposit will be returned at the end of the tenancy subject to the property being left in a satisfactory condition.
What deposit scheme does MAK Estates use?
We are members of the Tenancy Deposit Scheme (TDS).
When do I need to pay the first month’s rent and deposit?
You will be required to pay one month’s rent plus the tenancy deposit (less the holding deposit already paid) by bank transfer, three days prior to the tenancy commencing. We cannot accept cheques or credit cards. After this initial payment you will be required to pay your rent by standing order, two days before the rental payment date to ensure we receive it on time.
Can I renew my tenancy after the initial term?
Provided your tenancy has been conducted satisfactorily and the landlord is agreeable, your tenancy can be renewed for a further fixed term or roll on to a month-to-month statutory periodic basis.
Can the landlord increase my rent?
Yes. Rent can usually be increased annually. During an ongoing tenancy this is usually a small increase of between 2% and 5%. A landlord is also within their rights to request an increased rent when any new tenancy is entered into.
Can I leave early?
The tenant is legally responsible for the rent for the full term of the tenancy, which is usually 6 months. However, if special circumstances mean you need to leave early, we will always try to find another tenant as soon as possible. You remain responsible for the rent until a new tenant takes over.
What does the rent cover?
In most of our rental properties, the rental payment covers rent only. You will be responsible for all utility bills, council tax, telephone, broadband services and your TV licence.
Who do I call in an emergency?
If you are dealing directly with the landlord, contact them for any issues or emergencies. If you are in a MAK Estates fully managed property, you will be provided at move-in with the details of our maintenance department and 24-hour emergency helpline.
Do I need insurance?
We recommend that all tenants take out contents insurance to cover themselves and their belongings. The landlord will have buildings insurance in place covering the structure and any landlord-provided contents, but this will not cover your personal belongings.
As a landlord, there is a lot to know to meet the requirements of industry regulations while providing a service that benefits both yourself and your tenants. Here are the questions we are most frequently asked.
What area do you cover?
We are Birmingham-based and cover Birmingham and the surrounding areas. Over 95% of MAK Estates tenant enquiries come from our online marketing, meaning we can quickly and easily rent out properties across a very large geographic area. No property is ever too far for us to achieve you a result.
Why should I use a managing agent?
You can advertise and manage your property yourself, but it can be a lot of worry and hassle. Our extensive experience of the lettings market enables us to give you the very best advice, ensuring you achieve the maximum return from your investment while maintaining the condition of your property. We also keep on top of all new housing legislation so that our clients don’t have to.
What is ARLA Propertymark?
ARLA (The Association of Residential Letting Agents) Propertymark is the leading professional and regulatory body for letting agents in the UK. It is dedicated to protecting consumers by improving standards and professionalism within the lettings industry. Note that letting agents are not regulated by law — MAK Estates chooses to be a member of this regulatory body.
What information do you need from me prior to letting my property?
To proceed quickly and efficiently we would require the following at the instruction stage:
- Proof of ownership
- Signed terms
- Bank details and personal contact details
- Keys, alarm codes, fobs etc. and car parking details where relevant
- Copies of current gas and electrical safety certificates (or permission for us to obtain these on your behalf)
- Details of current utility suppliers
- Details of the management company for the building where relevant
How will you market my property?
Once we have agreed a proposed rental with you, we will take internal and external photographs and prepare a detailed description for uploading to various portals. Our software allows us to match your property with hundreds of potentially interested applicants within our database at any given time.
What is the letting process?
Property details and photographs are uploaded within approximately 24 hours. Our systems automatically notify all matching applicants. Viewings are arranged, and if a tenant wishes to proceed they submit a completed application form. We provide you with feedback and you select who to proceed with. Our reference agency then performs comprehensive checks including credit history, previous landlord reference and employer/accountant reference. This normally takes 3–5 working days. If satisfactory, we arrange for signing of paperwork and payment of rent and deposit.
I want to let my property. Do I need to tell my mortgage lender?
Yes. Your mortgage lender must give permission before you can let your property, and they may impose special conditions. Failing to notify your lender will put you in breach of your mortgage agreement. If you are buying a property with the intention of letting it out, you may be able to obtain a buy-to-let mortgage.
How do I know what rent to charge?
The rental price depends on the location, size, condition and demand for the property. We advise all landlords on the best achievable price using our extensive knowledge of the local lettings market. It is important to remember that if a property’s rental value is over-estimated, it may result in an extended void period.
How much will it cost me to let my property?
This depends on how much support you need. We offer three main service levels: Let Only, Rent Collection and Full Management. Each involves a different degree of service from MAK Estates and the fees reflect this. Please download our Landlord Fees Schedule for full details.
Do you offer additional services?
Yes. We offer a wide range of services including EPCs, Gas Safety Certificates, Electrical Installation Condition Reports (EICRs) and most types of maintenance work.
Is the rent I receive taxable?
You will be liable to pay tax on any profit generated from letting your property — the amount will depend on your personal circumstances. If you are overseas for more than six months in any tax year, you will be regarded as a non-resident landlord, and current legislation requires us to deduct and pay tax at the basic rate to HMRC unless we hold an exemption letter. Please contact us to discuss these arrangements.
What happens to my tenant’s deposit?
Landlords and letting agents are required to register tenants’ deposits with an approved Tenancy Deposit Scheme. At MAK Estates we register deposits with TDS. The scheme protects the tenant’s money and helps resolve any disputes at the end of the tenancy.
What is Client Money Protection?
The Client Money Protection (CMP) Scheme provides compensation for landlords, tenants and other clients if an agent misuses or misappropriates client funds. MAK Estates has CMP cover through ARLA Propertymark. You can view our CMP Certificate here.
What is an inventory?
An inventory is a detailed record of the condition of the property at the start of the tenancy. As every deposit must be registered with an approved scheme, a thorough inventory protects both the landlord’s asset and the tenant’s right to dispute any deductions at the end of the tenancy.
How do I receive my rental income from MAK Estates?
If you choose our Fully Managed service, you will typically be paid the next working day — usually within 24 to 48 hours of us receiving the rent. You will receive a statement every month.
Will you transfer all utilities into the tenant’s name?
Yes. We will inform utility companies of the change and transfer all utilities into the tenant’s name, liaising with suppliers for any details and meter readings required.
Will my property be inspected during the tenancy?
Yes. We aim to inspect the property a minimum of four times a year and will report back to you if anything needs attention.
What if the tenant damages the property?
If your tenant damages your property, you can deduct an amount from the deposit or take legal action. If the tenant fails to report damage, this will be identified at inventory check-out. Either the tenant pays to fix the damage or the cost is deducted from their security deposit. Fair wear and tear must always be allowed for.
Why do I need an EPC?
An Energy Performance Certificate (EPC) rates a property’s energy efficiency from A (most efficient) to G (least efficient) and is valid for 10 years. All landlords must obtain an EPC before marketing a property to let. Properties must currently have a minimum rating of E to be legally rented out.
Do I need an Electrical Installation Condition Report (EICR)?
Yes. An EICR must be carried out and a satisfactory certificate obtained before you can let your property, in compliance with current legislation.
Do I need smoke alarms in my property?
Yes. The legislation requires a working smoke alarm to be installed on each floor of the property.
Below are some of the questions we are frequently asked by our prospective buyers.
Are you a member of any professional bodies?
We are members of NAEA Propertymark (The National Association of Estate Agents) and The Property Ombudsman, so you have the peace of mind of dealing with a regulated estate agent.
Should I arrange a mortgage before I start looking for properties?
If you need a mortgage, it makes sense to seek financial advice early. Most lenders will provide a Mortgage in Principle (MIP, DIP or AIP), which provisionally indicates how much you can borrow subject to finding a suitable property. Having this in place puts you at a significant advantage when making an offer, as it shows both the agent and the seller that you are a serious buyer.
Do bear in mind that an MIP gives no guarantees — it is subject to survey and your full mortgage application will still need to pass credit checks. You can seek advice directly from a lender or from an independent financial adviser. Our in-house mortgage brokers at MAK Estates have access to mortgages from the whole of the UK mortgage market and have saved our clients thousands of pounds over the years on their mortgage repayments.
I have a property to sell — should I sell or find a new property first?
This is one of the most common questions. If you find a property and fall in love with it, chances are others have too — and the party in the best position wins. Our advice is to get your own property on the market while you search. If you find a buyer before finding somewhere to move, your buyer will often wait if they like your property enough. Having a buyer in place puts you in the strongest possible position when you find your dream home.
What are sealed bids?
A property goes to sealed bids when there is more than one interested buyer. A date and time is set by which all interested parties must submit their best offer in writing (usually by email). The seller then considers all offers, with the winning bid typically being the best combination of price and ability to proceed.
When I make an offer on a property, what information do you need from me?
We will need your position to proceed (e.g. first-time buyer or if you are in a chain), the full details of your agent and any related sale if applicable, and proof of deposit. If you are obtaining a mortgage, we will ask for a copy of your Agreement in Principle. If you are a cash buyer, we will require proof of funds from your solicitor or bank.
How long will it take to complete my purchase?
No two transactions are the same. On average, exchange of contracts takes around 8 weeks, but this can vary depending on whether the property is involved in a chain.
How will I know if my offer on a property has been accepted?
Once we have received your offer, we will put it to the seller. If it is accepted, we will contact you to confirm and discuss dates for completion and the exchange of contracts.
When should I instruct a solicitor?
You will need to provide your solicitor’s details as soon as an offer is accepted. If you already have a solicitor you trust to work quickly and efficiently, you can continue to use them. If not, we can recommend one of our trusted solicitors.
Will I need to get the property surveyed?
If you are arranging a mortgage, your lender will appoint a valuer to inspect the property. However, this valuation will not necessarily consider the condition of the property in detail, so you should not rely on it alone. Depending on the age and condition of the property, it may be wise to commission a Full Structural Survey. If problems are found after exchange of contracts, the seller is not liable and you will be responsible for any necessary repairs.
The surveyor has found a problem with the property. What should I do?
If a problem is found before exchange of contracts, you typically have three options:
- Request that the seller corrects the problem at their expense
- Seek a price reduction to cover the cost of resolving the problem
- Withdraw from the purchase if the problem is substantial
What does ‘exchange of contracts’ mean?
Exchange of contracts is the point at which a house sale becomes legally binding. Solicitors acting for both parties hold signed contracts. If either party fails to honour their obligations after exchange, this constitutes a breach of contract.
When do I find out what date I can move in?
The completion date — the day you move into your new property — will be agreed with the seller during the sales process and confirmed by the solicitors. We recommend allowing at least one week between exchange and completion to give all parties time to prepare.
Whether you’re a first-time seller, a seasoned investor or just looking to take the next step, here are the questions we are most frequently asked.
Do you charge to provide a property valuation?
No. This service is entirely free and carries no obligation.
What do I need to do to start selling my property?
The first step is arranging an accurate property valuation. MAK Estates can provide a free, no-obligation appraisal from our local, experienced valuers. Getting the price right from the outset is essential — interest is always highest when a property first comes to market. We advise completing any home improvement projects and presenting your home at its best before your valuation, though we always take ongoing projects into account.
Do I need to provide an Energy Performance Certificate (EPC)?
Yes. This is a legal requirement. An EPC must be made available within 7 days of putting the property on the market.
Are you a member of any professional bodies?
Yes. MAK Estates is a proud member of NAEA Propertymark, giving you complete peace of mind that you are dealing with a professional, regulated estate agent committed to high standards of service.
Where will my home be advertised?
With the majority of buyers starting their property search online, we focus on ensuring maximum online exposure for your home. We also have an extensive database of registered buyers, which is our biggest asset in achieving a fast sale at the best price.
When do I need to instruct a solicitor?
We advise instructing a solicitor as soon as your property is on the market. This allows them time to prepare all legal documents before a buyer is found, shortening the period between agreeing a sale and completion.
Will I get a ‘For Sale’ sign outside my property?
We provide a high-quality For Sale sign, as it raises awareness and can generate additional buyer enquiries. However, if you would prefer not to display one, that is entirely your choice.
How are viewings arranged and conducted?
We liaise between you and the potential buyer to find a mutually convenient time. Wherever possible, one of our experienced sales agents will accompany viewings so you don’t need to worry about meeting prospective buyers yourself. You may find it helpful to take children or pets out of the property during viewings.
How long can I market my property with you for?
We will market your property until it is sold or until you ask us to take it off the market. MAK Estates’ standard contract is 16 weeks, which allows us sufficient time to explore every opportunity and achieve the best possible price. Your contract can be extended if more time is needed.
Will my property be surveyed?
It is not mandatory for a buyer to have a survey, but it is common — particularly if they are purchasing with a mortgage, as the lender will require a valuation. A cash buyer may also choose to commission their own survey. You will have no influence over this process.
How long will it take to complete my sale?
Every sale is different. If your home has been realistically valued, you should expect offers within the first four weeks. Assuming your buyer requires a mortgage, exchange of contracts normally takes 4–6 weeks, with completion a further 2–4 weeks after that — typically 12–14 weeks in total.
Do I have to pay Capital Gains Tax on my property?
If you are selling your main home, you generally will not pay Capital Gains Tax, provided you meet certain conditions. If you are selling a property that is not your main home, it is likely that Capital Gains Tax will apply. We recommend seeking independent financial or tax advice for your specific situation.
Do I have to pay Stamp Duty?
No. Only buyers pay Stamp Duty. You will not need to pay it as part of the sale of your property.
What happens at sale completion?
Completion is moving day. All monies are transferred to your solicitor, who handles the deduction of fees, the redemption of any outstanding mortgage, and transfers the balance of the sale proceeds to your account. At this point, you will vacate the property and pass the keys to us to hand over to the buyer.


