Get them under control with our Guaranteed Rent for Landlords scheme.
The news that the UK went into recession in the second part of last year is pretty depressing. And with the Bank of England base rate still unchanged at 5.25% at the end of January, the slight reduction in the inflation rate is scant consolation for any of us – least of all hard-pressed landlords faced with spiralling costs that they can’t realistically pass on to their tenants. In the social housing arena, where costs are almost by definition hardest to recoup in rent, landlords’ average annual spend on social homes has increased by 14% in the last financial year, according to the Regulator of Social Housing’s report. The median cost per home was £4,568 – and although these figures are based on large private housing providers, they’re a powerful indicator of just how tough things are for individual landlords.
But what can you do? It’s all way beyond any individual’s control, isn’t it? Actually, not necessarily! Just by signing up to our Guaranteed Rent for Landlords Scheme and adding your property to our growing pool of social housing accommodation, you can get costs under control and enjoy a fixed rental rate, guaranteed for up to five years.
That’s quite a weight off your shoulders in itself – and better still, we pay the rent without fail, even if the property’s vacant or the tenants are in default or arrears. After an initial inspection and once any necessary renovation or decoration work’s been completed to ensure your property meets our high standards, we’ll agree a rental rate and contract term. Then you simply hand over the keys, along with all the headaches and hassles that are a landlord’s lot. As hugely experienced, accredited property management professionals, we have all the skills and expertise to handle every detail of your rental business – from advertising the property, sourcing, interviewing, and selecting tenants and carrying out regular and frequent inspections to making sure your property’s being looked after, and even repairs and maintenance.
So it’s peace of mind all round – with an added feel good factor in the knowledge you’re doing your bit to ease the national social housing crisis by putting a much-needed roof over someone’s head.