Morgan Jones vs Bay Estate Agents
A like-for-like look at what each agent charges to let and manage a property in Swansea.
By Jonathan Chan, Director, Morgan Jones Estates & Lettings ·Last updated: 14 July 2026
In short: Bay Estate Agents is an independent Swansea agency. On fees, Morgan Jones comes in lower: 10% + VAT management (12% inc) against Bay's 15% inc. Our letting fee is a flat £295 + VAT whether you take let-only or full management, where Bay charge 60% of the first month for let-only and a separate 54%-of-a-month set-up fee on managed properties, and there is no exit penalty with us.
| Morgan Jones | Bay Estate Agents | |
|---|---|---|
| Full management fee | 12% inc VAT (10% + VAT) | 15% inc VAT (12.5% + VAT) |
| Letting fee (tenant find) | £354 inc VAT (£295 + VAT) | 60% of first month's rent (min £600 inc VAT) |
| Set-up fee (full management) | £354 inc VAT (same letting fee) | 54% of a month's rent (min £420 inc VAT) |
| Minimum term | None | Early-exit penalty applies |
| Exit / withdrawal fee | None (one month's notice) | Up to £420 inc VAT, or 100% of remaining fees |
| New-landlord offer | 3 months free | — |
| Client Money Protection | Yes | Yes |
| The Property Ombudsman | Yes | Yes |
Let with Morgan Jones and save around £270 a year versus Bay Estate Agents on a £750/month property.
That's £90/month with us against £112.50/month with Bay Estate Agents, on the ongoing management fee. Your 3 months free is on top of that.
Both firms protect client money and are members of The Property Ombudsman, so on the essentials your money's equally safe. Where we're clearly different is the management fee, the up-front fees, and the freedom to leave.
Source: Bay Estate Agents published landlord fee schedule (bayestateagents.com), accessed 14 July 2026. All figures VAT-normalised.
What does Bay Estate Agents charge to let and manage a property?
Bay Estate Agents' published fee schedule puts fully managed at 15% inc VAT (12.5% + VAT) of the rent. On top of that, a managed property carries a set-up fee of 54% of a month's rent (minimum £420 inc VAT), and a let-only service is charged at 60% of the first month's rent (minimum £600 inc VAT). Morgan Jones charges 10% + VAT (12% inc) for full management, and a flat £295 + VAT letting fee, the same whether you take let-only or full management.
How much would you save?
On a property let at £750/month, full management works out at £90/month with us (12% inc VAT) against £112.50/month with Bay (15% inc VAT). That's around £270 a year on the management fee, before Bay's 54%-of-a-month set-up fee, where ours is a flat £295 + VAT.
Is there a tie-in or exit fee?
Not with us. You can end our appointment on one month's written notice, with no minimum term and no exit fee. Bay's published terms carry an early-exit charge of up to £420 inc VAT (or the equivalent of the remaining management fees). We make switching straightforward instead.
Do you get less for the lower fee?
No. Our full management covers finding and referencing contract-holders, the occupation contract, rent collection, arrears chasing, maintenance, inspections and Welsh compliance under the Renting Homes (Wales) Act. Both firms protect client money and are members of The Property Ombudsman. The difference is a lower management fee, a simpler up-front fee, and a simpler schedule overall.
3 months free management
Switch to Morgan Jones this month and your first three months of management are free.
Weighing up letting agents in Swansea?
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Thinking of switching to Morgan Jones?
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