Your chance to help design a new Serco style BTL mortgage product and strategy

Many property investors and BTL landlords have had to negotiate costly reviews over the last few years, and we have worked with many property business owners who are pursuing other rental strategies to maximise their asset growth, viability and profitability.

This has included that in recent times, we have advised on many new mortgage deals where the tenant is SERCO (and similar), instead of the standard AST basis.

This corporate lease strategy is not for everyone, and there are pros and cons.

Due to our experience and understanding of this process, we have been approached by a specialist bank, a leading property investor focused lender, to help them to understand the market and also to help them design their own new range of SERCO-style mortgage contracts.

Typical (can vary) Pro’s and Con’s of a SERCO-style tenancy agreement;

• no set up or management fees
• in-house housing officers checking properties for repairs
• guaranteed rental with no void periods
• long term leases (typically 5, 7 years or more)
• monthly inspections to protect the asset
• safety certificates managed
• but, not many mortgage options available
• special property insurance needs to be implemented
• mortgage interest rates are ‘commercial’ and not normally as low as BTL

Can you help?

To help this lender and also the wider mortgage and finance sector to understand what they can do better with this type of tenancy / lease arrangement, please send us your feedback on your experiences and ‘wish lists’ of this type of rental.

Please complete the survey form here > https://forms.office.com/e/Qx3deUJTdQ

Thank you for your support to help design these solutions.

For assistance with any type of buy to let (BTL), property or commercial finance please complete the contact form below: