London landlords with a social concience are now able to get a guaranteed income from renting out their buy-to-let property without the hassle of having to manage the rental property.
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This kind of arrangement could well be attractive to the increasing numbers of accidential landlords. These landlords are those property owners that have been unable to sell their residential property in the current market slump and therefore are opting instead to let out their property.
However the scheme is not appropriate to London landlords that are only intending to rent out their property for a short period as the scheme is aimed at landlords who are prepared to rent out their property for between 3-5 years.
The scheme has been devised by Broadway, the homelessness charity, with the principal objective of helping single people who have experienced life on the streets move out of supported housing.
The tenants register with the Real Lettings scheme or participating councils. As well as the guaranteed rent for the landlords, all maintenance is covered and the charity undertakes to return the property in the same condition at the end of the contract.
For more details about how to help homeless people and rent out your property london landlords should contact Real Lettings
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