Our Guaranteed Rent for Landlords scheme gives you the peace of mind the Chancellor didn’t!
In the weeks leading up to the Chancellor of the Exchequer’s Spring Budget, the entire property industry was virtually unanimous in calling for the government to make some radical changes to address the country’s chronic housing shortage. The Home Builders Federation was complaining that “ongoing economic uncertainty, energy crisis and inflationary pressures and an increasingly anti-development planning system and policy regime” are creating a hostile environment for new development. Meanwhile, the Centre for Cities think tank was calling for the government to build more than 4 million homes in the next few decades to address what it described as a “backlog of missing homes”. That’s a tall order when you consider that even before the Spring Budget the government had ditched its own target of building 300,000 homes a year.
Next in line was the National Residents Landlords Association, which called for the government to help stem the tide of landlords leaving the buy-to-let market with mortgage interest tax relief, a review of the 3% stamp duty and reduction of capital gains thresholds.
In the event, though, the budget was described by Commercial Trust as “underwhelming”.
The Good News
OK, there was good news for some landlords. The increase in the lifetime pension allowance from £40,000 to £60,000 a year may only benefit the more mature – but when you consider that demographically speaking renters are getting older it does make rent more affordable for tenants in the longer term. Much the same could be said of the extension by another three months of the energy price guarantee – and the claim that inflation will half and that the UK will not go into “technical recession” are to be welcomed…
If you’re running a company renting a large property portfolio, you’ll benefit from the change in corporation tax relief but, sadly for all you individual landlords. the calls for a cut in stamp duty and mortgage payment tax relief fell on deaf ears at number 11.
But here’s the good news! The government may be doing little to set your mind at rest in these uncertain times – but Abel Living’s Guaranteed Rent for Landlords scheme can actually cure all those tenant-related headaches (those tiresome viewings, interviews and assessments), take all the repairs and maintenance off your hands and give you real financial peace of mind. And we can do that almost immediately! All you have to do is add your property or properties to our pool of social housing for rent and we’ll do the rest.
After an initial inspection, we’ll carry out any necessary work to get your property “up to scratch” and agree a rental rate that’s fixed for up to five years. We pay your rent every month regular as clockwork and without fail from start to finish of your contract term – even when the property’s vacant or when tenants are in arrears!
So – never mind the budget. Think about getting guaranteed rent and complete peace of mind – plus the feel-good factor of knowing you’re doing your bit to ease the nation’s chronic shortage of social housing by giving families a home. What’s not to like?