Cheap BTL needs Housing Association?

by Readers Question

8:27 AM, 13th February 2018
About 8 months ago

Cheap BTL needs Housing Association?

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Cheap BTL needs Housing Association?

My son has only £25000 to invest in property which means looking in the North East where good returns can be made if the rent is paid!

​To be safe we think we have to rent to a Housing Association and I’m wondering if landlord readers have done this successfully.

I’ve rung a few Housing Associations who don’t seem to rent from private landlords I have even contacted Tyne & Wear council with no joy.​

If anyone has any recommendations or knowledge to be shared I would be very grateful.

I do already let property, but in Surrey so I have no experience of this area.

Many thanks

Jaques



Comments

Luke P

10:44 AM, 13th February 2018
About 8 months ago

NELC HB tenants (whose benefit is paid direct to the LL, provided it's a clause of the TA) with 3 or more children are *not* going to be migrated to UC for the foreseeable (certainly not in 2018). £40-50k will get you a ready-to-go BTL here...just get the right guidance.

Robert Mellors

10:51 AM, 13th February 2018
About 8 months ago

Hi Jaques

I run a small independent Housing Association that leases properties in Sheffield from private landlords. If Sheffield is an area you would consider investing in then I could send you further details.

Leo Davin

11:21 AM, 13th February 2018
About 8 months ago

Reply to the comment left by Luke P at 13/02/2018 - 10:44
Hi Luke,

I’m new to all this. I have about £50k to invest but don’t full understand what your comment means or is saying. Could you elaborate please. Thanks

Lettings Agent Nationwide

11:22 AM, 13th February 2018
About 8 months ago

Hi Jaques

I most housing associations wouldn't be interested in renting directly, and you'll will only get the council interested, however they will not pay guaranteed rent and will place in tenants who have problems, but will not insure or compensate if and when the tenants trash the place and/or get into arrears.

My company has contracts all over England for guaranteed rent.

**** Please see house rules and promotional opportunities *****

Regards

JDO

11:24 AM, 13th February 2018
About 8 months ago

Hello Jaques, my wife and myself are based in the North East and have a portfolio of 25 properties. Please send me a private email, I would be happy to help you with this. Done correctly, investing in the North East can be very profitable!

david porter

11:43 AM, 13th February 2018
About 8 months ago

Invest where you live. Go and drive by the properties from time to time. Do not go 400 miles to fix a dripping tap.
Makes life much easier.

Lettings Agent Nationwide

11:51 AM, 13th February 2018
About 8 months ago

Reply to the comment left by david porter at 13/02/2018 - 11:43David

My company has properties from Newcastle, Hartlepool, Nottingham, Manchester, Cheltenham, Peterborough and many other cities/towns.
I have teams and contractors working all over the UK so can reach coverage fast, along with having homeserve contractors also attend so I think it's covered. ***** Edited Content *****

Ian Hamilton

12:19 PM, 13th February 2018
About 8 months ago

Hi Jaques,

I would highly recommend having a look at The Housecrowd.com. They crowd fund property investments. They are about to launch a ISA product returning 7% p.a. tax free and just as important hassle free. Your money is sercured against the investment property.

Lettings Agent Nationwide

12:41 PM, 13th February 2018
About 8 months ago

Reply to the comment left by philip allen at 13/02/2018 - 12:29
My properties are never a pain, as I have a good support team behind me.

**** Edited Content ****

Mandy Thomson

12:55 PM, 13th February 2018
About 8 months ago

Reply to the comment left by Dylan Carter at 13/02/2018 - 11:51Dylan
I don't agree with David Porter's comment about only investing where you live, but I agree even less with the tone of your rebuttal.
I have just recommended your company to a would be landlord I know who needs a company such as yours, and given her the link to this page. What is she supposed to think when she reads your comments?
I also take exception to your assertion that the number of properties equals how professional a landlord is. NO! How the business is RUN equals how professional the landlord is. For example, Constantinos Regas owned only one BTL property but mustered a whole army of landlords, advised them through his campaign then took the London Borough of Enfield to a judicial review and won. That is my definition of a professional landlord.
Your comments are not a very good advertisement for your business.

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