At Bricknells we subscribe to many industry publications and a particular headline caught my eye over the past week:

‘Why I may quit buy to let – a landlord explains their S21 dilemma’

This was all to do with landlord confidence being eroded by the suggestion that Section 21’s are to be abolished.

For those unaware Section 21 notices are issued where landlords could gain repossession of the property through ‘no fault’ of the tenant.
This does seem unfair where tenants through no fault of their own can be homeless in 2 months.
However there are tenants that don’t pay the rent, don’t look after the property and for them the landlords need the security of a Section 21 notice.
However that’s the system and I don’t suppose whatever I say will influence the government’s decision.

However thinking out loud wouldn’t it be good if a landlord could let a property to a tenant for a fix term at an agreed rent and after the fix term the tenant had an option to buy at a pre-agreed price.

This would give the tenant fulfilment of their aspiration to buy a property and the landlord has an exit strategy for their investment.

I don’t want to say too much now but this is our very own new initiative:

‘RENT TO OWN’

We will explain more over the coming weeks but if you want a head start feel free to contact Chris Holmes on mobile number 07743 702739