A new online rental platform claims that landlords could save enough to afford an additional holiday this year if they signed up to its services instead of paying for traditional letting agents’ fees.

HomeRenter – citing market data from HomeLet – says the average UK monthly rent in June was £924. 

Therefore, based on a typical high street letting agency management fee of around 12 per cent, the platform says a typical landlord could be spending in excess of £1,300 each year on letting agents’ fees. This contrasts, it says, with £49.99 to sign up to a six-month trial with its services. 

The platform’s service involves 30 days advertising on Rightmove and Zoopla, a viewings service, tenant enquiry management and referencing tools, access to digital lease contracts and a To Let board.

“Our offer is open to the full spectrum of rental homes from buy to let investments, second homes, through to rooms to let in house-shares by live-in landlords and HMOs” says Will Handley, chief executive and co-founder of HomeRenter. 

“Thanks to Section 24 and a raft of tax measures penalising the buy-to-let sector, private landlords are having an incredibly tough time of it in 2018 so we like to think our summer free trial promotion could be a real fillip for landlords looking to take a break from sky-high letting fees” adds Handley.