Guaranteed Rent Scheme Lewisham

With our guaranteed rent scheme, Lewisham landlords effectively rent to City Borough Housing, rather than directly to the tenants. We will be responsible for paying you a monthly rent for as long as our agreement lasts. This could be anything between three and seven years. There will be no gaps in the rental payments, even if there are no tenants in place or the tenants are in arrears.

We rent your property through our network of registered housing providers and local authorities across Lewisham in South East London, managing everything including everyday maintenance and repairs and tenant queries. Quarterly property inspections are also included, allowing us to make sure your property is being kept in good condition throughout the tenancy.

When the agreement comes to an end, we’ll hand your property back to you in the same condition it was at the start, taking fair wear and tear into account. So you won’t have to pay to get your property back in rentable or saleable condition again.

Courtesy of City Borough Housing’s guaranteed rent scheme, Lewisham landlords can take a hands-off role with their buy-to-let investment. For at least three years, tenant queries, everyday maintenance and repair requests and costs, chasing rental payments and the pressures of void periods become a thing of the past.

For as long as our agreement lasts, we will take responsibility for all day-to-day repairs as reported by the tenants or identified during our quarterly property inspections.

Included are things such as tripped electrics, leaks, broken locks and general maintenance. Outdoor repairs, however, are not included. So anything to do with roofing, fencing or exterior walls, for example, will remain your responsibility.

All our Lewisham landlords enjoy a fair rental value based on the type of property, its size and location.

Whilst this may not be full market value, because our Lewisham guaranteed rent scheme covers professional property management, everyday repairs and maintenance, quarterly inspections and returning the property in its pre-let condition at the end of the agreement, makes it excellent value and, when you do the sums, you will find it actually saves you money.

We are looking mostly for 1-4 bedroomed self-contained homes, although sometimes a need for other types of properties may arise, so it’s worth getting in touch to check current requirements.

Once your rental valuation has been issued, we’ll inspect your property to check whether there is anything that needs to be done so that the property is safe and habitable.

We will also ask you to provide us with a number of compliance documents. These will include, for example, an Energy Performance Certificate (EPC), a Landlord Gas Safety Record (LGSR), and an Electrical Installation Condition Report (EICR). Other documents may also be required. If they are, we’ll let you know.

Once the property inspection is complete and all the safety and compliance elements are in place, we can then agree terms and get the Lewisham guaranteed rent scheme agreement signed. This can take as little as 48 hours.