With interest rates rising yet again, our Guaranteed Rent for Landlords scheme makes more sense than ever!
With the Bank of England increasing the base interest rates for the 11th consecutive time from the 1st of May, landlords are facing the highest mortgage payments for a very long time. OK, it’s nothing like the early 80s: in 1981 the average reached 16.63%. But with the new Standard Mortgage Rate (SMR) rising from 7.49% and the Base Mortgage Rate (BMR) increasing from 6% to 6.25%, it’s little wonder that private landlords are worried – and that many are selling up and leaving the rental market. And who can blame them. After all, no one got into the rental market to lose money, or to endure the stress of mortgage payments threatening to outstrip rental income. Or even worse to find themselves funding an expensive overdraft because cash-strapped tenants fall into arrears. That’s where our Guaranteed Rent for Landlords scheme comes to the rescue!
So, here’s some good news.
We have a way to cut out all that stress, keep the bank manager off your back and make sure your property is let to responsible tenants at an affordable rate. It’s simple and it’s straightforward – and it’s called the Abel Living Guaranteed Rent for Landlords scheme.
Basically, it means we take all the weight off your shoulders and your property off your hands – and pay you a fixed-rate rent for the full contract period of up to five years. And that means every single month, without fail, regardless of whether the tenant has paid us. In fact, we pay you even when the property is vacant. So, you – and your bank manager – can sit back and relax in the sure knowledge your rental income will appear in your account every month without fail. You literally need not lift a finger. When you hand over the property, you hand over the hassle. And that means ALL the hassle: interviewing, managing and even evicting tenants, taking care of repairs and maintenance – and finally handing back your property in perfect condition at the end of the contract.
We’re a regulated housing provider, whose integrity and expertise are trusted by lots of landlords like you. So, you have complete peace of mind – and it’s also good to know you’re playing your part in easing the nation’s social housing crisis.
So, say hello to the Abel Living team and get a free valuation – and then say goodbye to worrying whether you’ll be getting your rent!