4 bedroom flat share for sale
Key information
Features and description
- Tenure: Freehold
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.
About this agent
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