New scheme launched for London landlords

A new scheme has been launched in London that affords people without a home the chance to rent a private flat, it has been reported.

According to the Guardian, Broadway, the non-profit organisation that runs the scheme, provides landlords with a chance for guaranteed income from their flats, the payment of low running costs, and almost no time when their properties are empty of tenants, the Guardian reports.

The newspaper explains that London-based landlords who register with Broadway or a participating local authority, such as Hammersmith and Fulham, will receive a steady income from tenants selected by the organisation to pay rent from their Local Housing Allowance.

Privately owned studio and one-bedroom apartments are eligible, and landlords can agree on contracts of up to five years with the tenants.

"Broadway and organisations like us do this all the time when we manage properties for housing associations. Why not do the same for private landlords too?" chief executive Howard Sinclair asked the newspaper.

Meanwhile, specialist by-to-let mortgage provider Paragon has reminded landlords that they may be entitled to tax allowances. It explained that landlords could offset many of their costs, such as mortgage interest, water rates and council tax, by letting property against their income.

Published 27th May, 2008

© 2008 Estates IT Limited

Latest London Property News Headlines

Bellingham: A diverse and quiet suburb with a strong sense of community

Bellingham: A diverse and quiet suburb with a strong sense of community

Bellingham is a London suburb located in south-east London. It forms part of Lewisham and is quite close to Catford. 

Read Article ... Published on 21st November, 2014

Research highlights lack of affordable mortgages

Research highlights lack of affordable mortgages

There is a shortage of affordable housing, according to new findings. 

Read Article ... Published on 21st November, 2014

Why Abbey Wood is transforming into a sought-after location

Why Abbey Wood is transforming into a sought-after location

Abbey Wood is a small district located within south-east London, within the boroughs of Greenwich and Bexley.

Read Article ... Published on 19th November, 2014

New market plans given the green light by Wandsworth Council

New market plans given the green light by Wandsworth Council

Wandsworth Council have approved plans to develop the country's biggest fresh produce market, it has been announced.

Read Article ... Published on 17th November, 2014

Haringey launches initiative to boost energy efficiency for residents

Haringey launches initiative to boost energy efficiency for residents

Haringey Council has spearheaded a new initiative designed to cut energy bills for its residents, it has been revealed.

Read Article ... Published on 14th November, 2014

New transport links for Wandsworth

New transport links for Wandsworth

Battersea and Nine Elms are now a step closer to central London after the government announced plans to build two new underground stations in the area. Wandsworth is one of the areas of London set to benefit the most from the planned extension of the Northern Underground line. The plans were unveiled by the Department for Transport (DfT) and Transport for London (TfL) on November 13th.

Read Article ... Published on 13th November, 2014

Bexley schools among best in country

Bexley schools among best in country

In heartening news for the borough’s parents and young people, pupils at Bexley schools and colleges are progressing to higher education at some of the highest rates in the country.

Read Article ... Published on 13th November, 2014

New Eltham: A thriving London district which is great for retail therapy

New Eltham: A thriving London district which is great for retail therapy

New Eltham is based in south-east London, and is based in the London borough of Greenwich. Parts of it also lie in Bexley.

Read Article ... Published on 7th November, 2014

Haringey Council given the go-ahead to build affordable homes

Haringey Council given the go-ahead to build affordable homes

Plans to build more than 100 affordable homes in Haringey have been given the green light, it has been announced.

Read Article ... Published on 6th November, 2014

Bromley Council to create extra accommodation for vulnerable residents

Bromley Council to create extra accommodation for vulnerable residents

Bromley Council has increased the amount of temporary accommodation it has available by revamping a disused care home, it has announced.

Read Article ... Published on 5th November, 2014

A new scheme has been launched in London that affords people without a home the chance to rent a private flat, it has been reported.

Do you want a Short Let?

Do you want a Commercial Let?



Like this?
Share this
Follow Net-Lettings
Facebook Net-Lettings.co.uk Twitter Net-Lettings.co.uk RSS Feed
Follow Estates IT
Facebook Estates IT Twitter Estates IT RSS Feed

Estates IT offering Estate Agents Software. Lettings Agent Software, Rental Software, Property Management Software.
Net-Lettings.co.uk

Net-Lettings.co.uk was one of the first property and agent directory websites on the internet launched in 1996. We still believe in simplicity today. Use this London Lettings Directory for all your rental property needs whether a Tenant or Landlord.

Subscribe to RSS feed, or bookmark us so you do not miss any London News Articles we publish.

London Areas

London is a diverse community of people. There are many areas to choose from we have around 245 that appear on the map and approximately 338 total London areas. Here are just a few of the latest hot areas.

Letting Agents Docklands
Letting Agents Camden
Letting Agents Notting Hill
Letting Agents St John's Wood

Advertising & Sales

This site offers Letting Agents low cost effective advertising of their web site. We are not a Letting Agency but connect you directly Lettings Agents in your required area. Letting Agents see below options available with Net-Lettings. You can contact or follow us below.

Advertise on this site ...
Register with us ...
Need Estate Agent Software?

Nibbler report