16th
Sep 2016
Chelmsford City Council is on a significant 'charm offensive' to encourage more buy-to-let landlords to invest in the City and surrounding Essex areas with its new Homes2Let scheme. It is introducing the scheme as there are many would be tenants who are unable to find a 'home'.
The City Council is planning to hold a number of Homes2Lease seminars starting from the 23rd September to promote the scheme. At the events the council will be putting across the many scheme's benefits, one of which is that landlords will be guaranteed of being receiving rent on time as it will be paid directly to them by the Authority.
Landlords , upon signing up to scheme, are also guaranteed that they will not be charged commission or management fees. Another major benefit for landlords is that there will be a 3% annual rent increase, it will also operate a full management tenancy service and up to a annual £1,000 to cover some of the repairs that landlords are typically responsible for.
Any interested parties can attend the first event on Friday 23rd September in the Council chamber on the Civic Centre that is being held between 10am and 12 pm. Council officers will be holding a series of short presentations and will be on hand to answer any questions that attendees will no doubt be asking.
Chelmsford City Council’s cabinet member for strategic housing, councillor Paul Hutchinson, said: “The last few years has seen a rapid growth in the demand for housing in Chelmsford and this has had an effect on the affordability of housing for residents of Chelmsford.
“To meet the growing need for good quality accommodation, Chelmsford City Council is looking to grow our portfolio of properties that we manage working in partnership with private landlords.”
Chelmsford City Council has a further two dates scheduled for Wednesday 28th September from 6.30pm until 8pm and Monday 3rd October from 2pm until 4pm in the Council Chamber.
Richard Merrick of PIMS said: "This sounds like an excellent scheme and hopefully there won't be any pitfalls. The first question that will be asked is how much rent will landlords receive if they become involved?"
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