Redbridge Council has taken a special approach to boost the number of homes that are available in the Borough in order to cater for the needs of the people on their housing list. The area has one of the lowest numbers of housing supplies in the capital, creating a tough situation for the people waiting for homes. Their strategy is to purchase derelict properties on the open market and invest in renovating them so that tenants can move in.

The plan allows the Council to purchase buildings across the Borough, including in areas where they are needed the most. This strategy provides more freedom than purchasing new builds and also offers opportunities to make the money they invest go further. There are economic benefits too because the work to renovate the properties can be given to businesses in the area.

The Council will ensure that all of the properties they invest in are suitable and can be renovated to a very high standard. This is important to ensure that the needs of the tenants are satisfied. Good workmanship also means the properties will serve the needs of the housing authority for a very long period of time.

All of the properties that Redbridge Council purchases will be bought under the right to buy scheme. This will cover 30% of the price. The remaining money comes from revenue generated by the authority. The strategy is sustainable and means there will be fewer run down and derelict buildings in the Borough that could be turned into great homes.

At Finefair we have a fantastic relationship with Redbridge Council. As part of our services we can help landlords in the Borough looking to lease their properties with the local housing authority. We play our part in helping to boost the amount of homes they have to offer. On top of this we can also offer block management services for each landlords, helping them to ensure their assets are well cared for.