Property Details: • Type: Link Detached House • Tenure: N/A • Floor Area: N/A
Key Features:
Location: • Nearest Station: N/A • Distance to Station: N/A
Agent Information: • Address: Brindley House, 101 Newhall Street, Birmingham, B3 1LH
Full Description: The investment works through a joint venture (JV) with Housing Provider who have the contract with the housing association.
Each investment is for 1 x property that will house either 4 or six people, you (the investor/lender) enter in the JV with Housing Provider (the borrower) and then Housing Provider take a 5 year lease on a property and do a full refurbishment and furnish the property, gain all HMO licences then offer it back to the Housing Association.
The Housing Association then take the property on a fully funded 5 year lease from Housing Provider. They take a drawdown of funds from the government for the cost of the lease that will run the full term. They don't then pay this directly out to Housing Provider but pay a month fee over and above the ground rent of the property that Housing Provider have secured. The payments last for 60 months i.e. 5 years.
Key features: Income generating investment Hands-off investment Government-backed income No void period No bills No maintenance No loans; no interest to pay
