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Full management from letting agent in London - going rate?

I'm helping a relative let a flat out. We've found an agent with good reviews and recommendations. We need a full management service, and they've quoted 11% - does this seem around the going rate? I've read the guide to finding a letting agent and they seem to tick most of the boxes


  • MultiFuelBurner
    MultiFuelBurner Forumite Posts: 1,303
    1,000 Posts First Anniversary Photogenic Name Dropper
    12.5% out of London isn't out of the norm now but of course London rates mean that's a lot more money.
  • letsbetfair
    letsbetfair Forumite Posts: 954
    Part of the Furniture 500 Posts Name Dropper
    Thanks - useful to know!
  • fiish
    fiish Forumite Posts: 815
    Part of the Furniture 500 Posts Name Dropper Photogenic
    The lowest I've seen from agents in my area (also in London) is 14% + VAT, even had one quoting 20%+VAT, for full management service. So 11%+VAT sounds like a bargain to me, even more so if you meant 11% including VAT.
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