Council Guaranteed Rent Scheme For Croydon Landlords
With a council guaranteed rent scheme, landlords with properties in Croydon can relax, safe in the knowledge that their investment is safeguarded thanks to a continuous rental income and a constant flow of local authority tenants. Why not take your buy-to-let investment hands-off, with everything taken care of, zero fees and a fully maximised return, with rent paid even during void periods? That’s precisely what you’ll get with the homes2let guaranteed rent scheme.
What does the homes2let guaranteed rent scheme include?
When it comes to guaranteed rental income, London landlords can enjoy a great deal more than fixed monthly rent. Here’s what else is included in the homes2let service:
Repairs & maintenance
Regular maintenance and emergency callouts, all taken care of.
Inventory, check-in, check-out & mid-term inspections all covered.
Ensuring your property falls in line with all current legislation.
How to maximise your return on your buy-to-let investment?
Did you know that a council guaranteed rent scheme could net you more profit, whilst considerably reducing your risk? This is because there is no commission or fees to pay, unlike with a regular lettings management service, and because you won’t ever go without your monthly rental payment. Our comparison table shows how much you could potentially save by letting your property through the homes2let local authority rental scheme.
Traditional Letting Agent
Guaranteed Rent Service
|Asking rent on open market||£1,200||£1,100|
|Rent after 10% fee & VAT||£1,012||£1,100|
|Void to market & let||£1,200||£600|
|Agents admin charge to landlord||£250||£0|
|Net rent PA||£10,574||£12,600|
|Net monthly rent||£881.17||£1,050|
|TOTAL SAVING per annum||£2,026|
Traditional Letting Agent
Guaranteed Rent Service
|Rent paid by standing order|
|Rent paid when property is empty|
|Rent paid when tenant in arrears|
|Legal costs covered|
Guaranteed rental income from an award-winning property management specialist
homes2let was awarded Best Agent for Landlords in the 2020 Southern Enterprise Awards. Our enduring relationships with local authority housing teams across all the London boroughs, and our longstanding reputation as specialists in the private rented sector, have led us to become a name that is trusted by landlords throughout the Capital.
The Southern Enterprise Awards acknowledge the dedication of small businesses throughout the region, especially those with a passionate workforce that unceasingly focuses on forging strong relationships and delivering the most exceptional levels of client care.
Forging relationships is something we have been committed to for several years. It is by working closely with all the London borough housing departments that we are able to guarantee our council guaranteed rent scheme, as well as a constant flow of family tenants.
Why not contact our team today to discover how you maximise your return on investment and reduce your risk courtesy of our guaranteed rent scheme?
I have let my investment property to homes2let for over 3 years now and I have to say, they have never missed a payment, only contact me when necessary and have a lovely team. I would recommend their service to any landlord looking for a safe and reliable income, without the headache of managing tenants.Negar ShamshiriLandlord
Homes2let is a great company to work with, they truly take the stress out of property management. My rent is Guaranteed and is always paid in advance by standing order. I would have no hesitation in recommending Riz & the team at Homes2let… fantastic service guys! Thank youKelly MandloLandlord
We Can properties have worked with homes2let and they have provided a great service and most importantly always pay on time.Ben NyarkoManaging Director (Agent)
Dickinson Estate Agents have dealt with Homes2Let since they first started operating. We have a large portfolio with them which is always growing. We would highly recommend the staff and their services.Rupen ShahManaging Director (Agent)
Homes 2 Let Have been a pleasure to deal with from the very first introduction. Rizwan and his team have taken time to fully understand my requirements as a landlord and have been very professional in all aspects of our business together. Their ethos and business model suits me perfectly and I envisage a long and successful partnership. If you are after a hassle free and low touch model for your rental properties, I recommend you contact Rizwan and his team at Homes 2 Let.Bharat PatelLandlord
Frequently Asked Questions
What is a council guaranteed rent scheme?
A council guaranteed rent scheme ensures landlords receive their monthly rental payments on time throughout the term of an agreement. Whether the property is tenanted or not, and even if the tenant has fallen behind with their payments, the rental payments will continue. A guaranteed rent scheme is ideal for London landlords looking for a hands-off, reduced-risk investment.
How much does your guaranteed rent scheme cost?
We will agree with you a fair market rent which will be the net amount you will receive by monthly standing order. We earn our fees by charging local authorities directly to source good homes for their families. Once we have taken all the necessary steps to ensure your property is compliant with all the relevant lettings industry legislation, there are no more fees to pay for the term of our agreement, and no commission deducted.
Will my property be in safe hands with you?
It certainly will. We make a promise that your property will be returned to you at the end of our agreement in the same condition it was at the start, with an allowance for fair wear and tear. We carry out regular property inspections throughout the term of the tenancy, which makes certain that excellent property standards are maintained. We also offer a £1,000 indemnity per property to cover any work that may be needed at the end of the agreement.