7:42 AM, 4th January 2015, About 7 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.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
Previous ArticleWould you rent your first BTL property out to students?
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|