It has never been easier to get the most out of your properties today if you’re a landlord or investor. This is thanks to the myriad of essential services we provide. They include guaranteed rent and management. In fact, we offer the services you would expect from the best lettings agent in Newham.

New homes for homeless families

Councils all over the UK have a responsibility to provide housing for people that need it. However, in some cases they can’t house people locally. Instead, they have to buy assets outside the area.

Newham Council is looking to do that exact thing. They are purchasing half a dozen flats in one of their neighbouring boroughs. The deal will help them to accommodate an increasing amount of homeless families in their borough.

The plan recently got cabinet approval, so Newham Council shall buy six flats in Limehouse, Tower Hamlets. They will then rent these homes to homeless inhabitants. They will do so at a rate according to the London housing allowance.

Presenting the report to cabinet members on June 8th 2023, Cllr Shaban Mohammed thanked the council’s housing team for their work here. He is a cabinet member for housing management and modernisation. He said that this piece of work was extremely important. Also, he said that he can see the difference it’s made for families.

When councils make acquisitions such as these, they are placing families in decent quality, brand new properties. As a result, it’s really beneficial that the council is investing in assets like this. Despite the fact that it is out of borough, the property is still of a great standard and can aid families.

Households in temporary housing

Right now, Newham has one of the biggest issues with the number of households in temporary accommodation in the UK. At the start of April 2023, there were 5,883. Around 3,198 of these were in nightly booked properties.

The Council said one huge cause of this homelessness was local residents being priced out of the private rented sector in recent history. Many households also can’t gain offers on social housing. Newham has a massive house waiting list, so it is hard to provide sufficient housing.

The situation has put a considerable financial burden on the Council. Any landlords with available properties could make a fantastic income. We can help if you’d like to work with the foremost lettings agent Newham has.

Sam Faulding, one of the council officers, also had comments on the situation. According to him, it would take more than four weeks for the practical completion of the deal. As long as everything proceeds well, families will be able to move to these homes four to eight weeks following that date.

Leasing the flats

The six flats include four studios or one-bed and two three-beds. The Council’s intention is to lease them to a third party housing supplier. They will then have the means to let them on assured shorthold tenancies.

We understand your needs for a lettings agent in Newham

At Finefair Ltd, we aim to meet the highest standards with every client. For landlords and property investors, we can supply an exhaustive list of services. It can include reviewing portfolios, advice about opportunities, guaranteed rent, management, and more.

So, if you would like to do business with the finest lettings agent Newham has, you can get in touch with us. We will find the right service for you.