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Council aims to lure private landlords with guaranteed rent scheme

Chelmsford City Council is hoping to attract more buy-to-let landlords in the Chelmsford and the wider Essex area with its Homes2Lease Scheme, as part of efforts to boost its level of housing supply and meet high tenant demand.

Chelmsford City Council plans to host a series of Homes2Lease events, starting this Friday 23rd September, to promote the initiative, which will include explaining the benefits of the scheme, including guaranteed rental income paid directly by the City Council.

Other benefits for landlords signing up to the scheme include no management fees or commission, 3% annual rent increase, full tenancy management service, and up to £1,000 per annum for certain repairs typically the responsibility of the landlord, but the question that most buy-to-let landlords will  want to know, is how much rental income would they receive?

For further information, you can attend the first Homes2Lease this Friday from 10am to 12pm in the Council Chamber at the Civic Centre, Duke Street, Chelmsford. There will be several short presentations about the scheme and a chance to ask questions to council officers.

Councillor Paul Hutchinson, Chelmsford City Council’s cabinet member for strategic housing, said: “The last few years has seen a rapid growth in the demand for housing in Chelmsford and this has had an effect on the affordability of housing for residents of Chelmsford.

“To meet the growing need for good quality accommodation, Chelmsford City Council is looking to grow our portfolio of properties that we manage working in partnership with private landlords.”

For those who cannot attend the first Homes2Lease event this Friday, Chelmsford City Council has scheduled two additional dates: Wednesday 28th September from 6.30pm until 8pm and Monday 3rd October from 2pm until 4pm in the Council Chamber.

Those of you interested in attending any of these events should confirm your attendance by signing up at www.chelmsford.gov.uk/homes2lease

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