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

Works on Bromley North Village underway

Works on Bromley North Village underway

The final stages of the Bromley North Village improvements are underway, it has been revealed.

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

Greenwich schools ranked as best in the UK

Greenwich schools ranked as best in the UK

Greenwich primary schools have been rated as being among the best in the UK, according to new research.

Read Article ... Published on 15th September, 2014

Hammersmith and Fulham to get a £20m boost

Hammersmith and Fulham to get a £20m boost

Over £20 million will be spent on regenerating the Hammersmith and Fulham area after a new agreement was drawn up, it has been revealed.

Read Article ... Published on 11th September, 2014

Barnet Council speeds up development of affordable homes

Barnet Council speeds up development of affordable homes

Barnet Council have launched a new drive to boost the number of affordable homes in the borough.

Read Article ... Published on 10th September, 2014

Bexleyheath: A thriving and desirable treasure in south-east London

Bexleyheath: A thriving and desirable treasure in south-east London

Bexleyheath is a leafy and historic suburb based in south-east London. It is an area that underwent a lot of regeneration in the 1930s and 40s.

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

Hackney Council to build two new tower blocks

Hackney Council to build two new tower blocks

Hackney Council is set to build two new apartment blocks as part of a bid to boost residential homes for tenants, after being granted planning permission, it has been revealed.

Read Article ... Published on 8th September, 2014

Does Hackney have the greenest spaces in London?

Does Hackney have the greenest spaces in London?

Hackney may be on its way to becoming recognised as being one of the most green boroughs in London, new research suggests.

Read Article ... Published on 3rd September, 2014

New transport changes introduced in Ealing

New transport changes introduced in Ealing

A new traffic system is set to transform travel in Ealing, after it was revealed that work on the Southall Broadway is expected to be complete by Christmas.

Read Article ... Published on 2nd September, 2014

More money 'should be channelled into London estates'

More money 'should be channelled into London estates'

A new initiative is taking place across London to improve some of the estates that were the worst affected by the 2011 riots.

Read Article ... Published on 1st September, 2014

Property supply increases for renters

Property supply increases for renters

An increasing number of properties are becoming available for renters, according to new research.

Read Article ... Published on 28th August, 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