7:42 AM, 4th January 2015, About 8 years ago 6
I am new to the forum and Buy to Let Property. I would like to invest in Buy to Let Property and have been looking at the option of letting it to the Council or Local Housing Association on a 1 or 3 years lease.
I am planning to buy 2 or 3 bedroom house in Luton. My reason to let it to Council/LHA is guaranteed rent, low voids and not required to find tenant. Though this is offset by lower rent.
I would like to understand more on the following:
1) Problems letting it to Council/LHA.
2) Benefits (other than mentioned above) to let it to Council/LHA.
3) Are Council/LHA responsible for all repairs. if not what is landlord responsibility?
4) Does it make a difference if I choose different area than Luton?
Thank you for all your assistance in this matter.
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