Home Income Plan FAQs
We initially do an appraisal of your property to access the income potential as well as the cost of any renovation work needed to affect self contained units. You may continue to live in the property in the advent we effectively will lease part of your property, guaranteeing you a fixed monthly income. We then let the property to a member of the co-op, taking great care to select the right kind of member.
Depending on the area, we will be looking to secure contract periods from 1 - 5 years. Contracts can be renewed either on a rolling basis or online.
We initially currently cover London but will expand to cover more areas as demand increases throughout the UK. For further details of your local representative please contact us or register.
Firstly you need to be a member of the co-op which makes you part owner with a voice. A co-op is user owned, user controlled and user benefited. We are one of the first co-ops to offer such a scheme to its members, to preserve and protect their assets whilst offering them benefits.
When we lease your property we take full liability for all maintenance and internal condition of the part that is leased. When the lease/contract comes to an end we cover the cost of any damages. We guarantee to pay you up to 1.5 times the monthly rent, subject to fair wear and tear, in respect of the condition of the property.
No void periods, no rent arrears, no commission, no set-up fees, no renewal fees or any other “hidden extras”. If lease No need to register as a landlord, No need to deal with the tenants at all. We can be flexible with payment dates, contract lengths, and start dates.
Finding the right property service for you depends on the level of responsibility and risk you are prepared to take. Our Home Income Plan service best suits individuals who want the financial stability of knowing what their income will be each month, with the benefits of the best possible property management service available.
No. Our service provides you with an income each and every month. We do not charge any premiums and we do not have exclusions or clauses that may stop your payments. If you are tempted by other Guaranteed Rent insurance or landlord insurance policies, we encourage you to read the entire fine-print first.
There are a number of different Guaranteed Rent services on the market. Essentially, there are four different models:
1. Estate Agents Guaranteed Rent service
2. Guaranteed Rent protection insurance
3. Housing Associations or Local Council
4. Individuals renting to sublet
it’s vital for any landlord to understand exactly what is and what isn't being guaranteed by their lettings service. Please click here for more information.
You can request an appraisal of your property. The details will be sent through to your closest office and we will contact you either to arrange an appointment or for more information.