Kirsten Farquhar Posted December 29, 2020 Report Share Posted December 29, 2020 Hello Everyone! Hope you are well. I'd like to just introduce us as a company, we look to take on properties with 4+ bedrooms for long term company lets (3-5 years) and then rent them out on a room by room basis. So essentially we take on the property as the tenant, invest our own money into refurbishments and get the property compliant with HMO regulations if required, which is why we like to take on long term contracts. We handle low maintenance issues with the property. Our clients will have a minimum of 12 months trading or we will make sure our end that they have a personal guarantor who earns at least 36 times the rent to ensure that referencing goes smoothly. If you have any properties that you are happy to let out on a corporate company let then please reach out, we are happy to move quickly and take on multiple properties from you if you have anything suitable. Thank you Kirsten Farquhar Quote Link to comment Share on other sites More sharing options...
Grampa Posted December 29, 2020 Report Share Posted December 29, 2020 Unfortunatly most landlords insurance and mortgage lender T&C's wont allow for this type of letting. Also any leaseholder who may be mortgage free is also unlikely to be able to have a tenancy like this as the block insurance which they are likely to have no control over wont allow it. I'm curious do you advise any potenial clients to check these details? Quote Link to comment Share on other sites More sharing options...
Kirsten Farquhar Posted December 30, 2020 Author Report Share Posted December 30, 2020 Thank you for your reply We always encourage the landlord checks with their mortgage provider and insurances to make sure they are happy to cover a corporate let, before going ahead with an agreement. Some of our landlords that didn't think they where covered to go down this avenue have managed to adjust their policy and proceed. However some lenders have declined them from doing this. Quote Link to comment Share on other sites More sharing options...
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