I am considering converting at least one HMO to Asylum Seekers?
I have had 3 HMOs in Brighton since 2007 and have exclusively rented to the student market. I use an agent as I live out of the area.
For most of this period, I have been confident of fully letting the properties each year with little difficulty
The market has certainly become more difficult due to demographics, Brexit, and recent changes to the graduate student visa scheme. Now, I face uncertainty every year, and rather than a single AST, I have to let each room individually, especially for my two six-bedroom houses.
To ease this and produce a steady and reliable income stream, I am considering converting at least one property to Asylum Seekers.
However, all my due diligence throws up horrendous stories about Serco but very little about Clear Springs, other than a dated article from Newport (2022) and a fine this year.
Does anyone have experience contracting with Clear Springs or advice on this being a wise idea?
Many thanks
Colin
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Member Since October 2020 - Comments: 1354
11:01 AM, 18th May 2025, About 1 year ago
Reply to the comment left by Reluctant Landlord at 16/05/2025 – 17:36
It’s not the contract with Serco that makes the RRB apply, it’s the contract between Serco and the occupant. If they use ATs, the RRB will apply. They won’t be able to use s8 ground 2a because they’re not a registered social housing provider.