GUARANTEED RENT FOR LANDLORDS - HELP FROM LETTINGFOCUS.COM
You simply lease your investment property to a housing association, local authority or other third party provider working for a local authority - who then sublets it for you to people on their housing waiting list.
And since it is the ultimately the government that is paying the money, there is no chance of the rent not being paid.
Each local authority and housing association has different terms and conditions and the amounts of rent paid vary as do the specific requirements of each operator.
The most common type of property required is one or two beds, though some areas are looking for three bed properties too.
Basement flats are rarely required and neither are studio flats or houses in multiple occupation (HMOs). The standard of the property required is high - any old property just won’t do.
Some mortgage lenders won't let you let out a property under a property leasing scheme but most do and the others can be persuaded.
For further guidance on whether these schemes are something you should consider as well as the pros and cons, please contact me - via the links below.
ABOUT DAVID LAWRENSON AND LETTINGFOCUS
At LettingFocus.com our main work is in consultancy. We help organisations and public bodies with their products and services for the private rented sector.
If you are from an organisation or the media please go to our home page: LETTING FOCUS HOME PAGE.
As well as our work for organisations, we also offer a limited amount of unbiased consultancy advice for landlords.
Check the links below and to JOIN our Free QUARTERLY NEWSLETTER simply send an email.
Copyright 2011 David Lawrenson. This article must not be copied or re-used without the author and copyright owner’s prior permission.
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