Purple Bricks & UPad COMPARISON

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Tracy Armstrong
6 years ago
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1 & UPad COMPARISON To show the difference between our services and our competitors, let s take a look at how the first year of full property management using No Agent compares to similar services from Purple Bricks and UPad. According to the March 2017 HomeLet Rental Index, the average UK rental value was 904 pcm. In the Greater London area the average rental value was 1,546. We considered these averages to illustrate what the No Agent service offers to landlords with properties in London and to landlords with properties outside London compared to some of our competitors.

2 No Agent vs Purple Bricks Purple Bricks monthly fees increase based on the amount of rent collected. No Agent has one single flat fee of 45pm inc. VAT for any property inside the M25 and 35pm inc. VAT for any property outside London, anywhere in England, with nothing to pay for the tenant find service. To show you a comparable offer to Purple Bricks Fully Managed Offer, we added to our annual property management fees the costs for deposit protection, for professional photos/description, for viewings conducted by a property professional and the minimum cost for check-out (all available as optional extras with our basic service).

3 Case Study 1 Greater London (E1) 1 Bedroom Flat 1,546 pcm 144 inc. VAT per month inc. VAT payable on let 45 inc. VAT per month Total cost of the landlord for 1 year

4 Case Study 2 Coventry (CV1) 1 Bedroom Flat 904 pcm 78 inc. VAT per month inc. VAT payable on let 35 inc. VAT per month Total cost of the landlord for 1 year

5 How do we compare? Free valuation Professional photos/description Free advertising on Rightmove, Zoopla and Prime Location Free access to online platform to review and track progress Viewings conducted by a property professional Tenant checks and referencing Assured Shorthold Tenancy agreement Deposit protection Free tenancy renewals Annual gas safety reminders Monthly rental collection Monthly statements via Legal notices Professional inventory Online maintenance reporting and contractors available 24/7 Check out Free legal advice Free Inspections Mark ups on repair issues Tenant fees Termination Of Agreement Service Deposit Resolution Purple Bricks Opt. ( 89) Opt. ( 180) 18 Opt. (from 78) None * None None ** *** *Landlord is required to provide a 200 working float for any maintenance that could be required during the tenancy ** Purple Bricks: Two months notice, but not before the end of the initial fixed term tenancy. Landlord charged 359 if the tenant remains in the property. *** No Agent: 0, with 30 days notice & no questions asked. 149 if you decide to leave our service earlier than 3 months and you found your tenants through our service.

6 UPad No Agent vs UPad Upad has one flat fee of 72 per month anywhere in the UK initial fee. To show you a comparable offer to UPad s Fully Managed Offer, we added to our annual cost the costs for professional photos/ description, for viewings conducted by a property professional, and the minimum cost for a floor plan (available as optional extras with our basic service). Case Study Greater London (E1) 1 Bedroom Flat 1,546 pcm UPad Fully Managed inc. VAT per month Total cost of the landlord for 1 year

7 UPad How do we compare? UPad Free valuation Professional photos/description Floor plan Opt. ( 89) Opt. (from 78) Free advertising on Rightmove, Zoopla and Prime Location Free access to online dashbaord Viewings conducted by a property professional Opt. ( 180) Tenant checks and referencing Assured Shorthold Tenancy agreement Deposit protection 18 Free tenancy renewals Annual gas safety reminders Monthly rental collection Legal notices Online maintenance reporting and contractors available 24/7 Check out and deposit resolution Free legal advice Free Inspections Mark ups on repair issues Tenant fees Termination Of Agreement Service None 75 inc. VAT None None * * 0, with 30 days notice & no questions asked if you ve been with us for more than 3 months 149 if you decide to leave our service earlier than 3 months and you found your tenants through our service

8 Optional Services Price List Marketing Photograhpy 89 Floor Plans (starting from) 78 Viewings 180 EPC 78 Smoke Alarm Checks & Right to Rent 78 Gas Safety 85 Inventory (starting from) 78 Rent Guarantee Insurance 10 pcm All prices include VAT.

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