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Tuesday, November 24, 2009

Private sector leasing - hassle free buy-to-let?

Landlords looking for a guarantee rent and looking at investing in property in London and the South East such check out the concept of private sector leasing.

This is a concept pioneered by companies such as Orchard and Shipman and that offer a landlord guaranteed rents payed by the local authority, no voids and the property itself managed by the company but without the management fees. Sounds too good to be true?

The downside of this is that a landlord may not get the full amount of rent that they would in the open market. However many landlords may feel like this is a small sacrifice for the fact that rents are guaranteed for up to 5 years.

Orchard and Shipman run a number of schemes for local authorities. Currently in England there are looking for 1-5 bedroom properties in the London Borough of Hillingdon.

They also offer opportunities to invest residential property in Scotland, to find out more landlords should inquire direct.

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