Supported Living and Social Housing:
If you’re a landlord, looking for a mortgage on a house for vulnerable tenants, with a specialist lease in place then you’ve come to the right place!
Supported living mortgages are designed for landlords to rent out their property using a lease through a registered provider. This could include anything from, a housing association, a charity, care providers or local authorities.
You’re required to sign a lease with a registered provider for a pre-set term. They’ll then arrange for the property to be let to their tenants, who are in need of accommodation. As a lease is in place, all monthly rental payments would be made directly to you at a guaranteed amount.
A benefit of investing in a supported living property, is that the registered provider is responsible for the maintenance of the property so this is something that you won’t have to worry about. This provides a more hands-off approach for investors, so it doesn’t matter too much whether you’re new to the industry or not, this could be the right option for you.
We work to your advantage:
As properties can be rented to tenants who may be classed as vulnerable, in need of care, or young children, the number of lenders accepting these types of leases can sometimes be quite restrictive.
There are many factors that can have an impact on the lenders available, these can include:
- length of the lease
- break clause within the lease
- level of support / care required
- types of tenants
- landlord experience
- the lease / care provider
get in touch:
Signature Specialist Finance Limited, is registered at Lake View Festival Way, Stoke-on-Trent, Staffordshire, ST1 5BJ. Company Register number is 13802607. We are registered with the ICO, ZB673067 and you can check via www.ico.org.uk.
We conduct both regulated and unregulated business and therefore not all products provided through us are regulated by the Financial Conduct Authority.
We may receive a commission from the Lender that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.
Our aim is to provide you with a professional and efficient service. However, there may be occasions where you feel this has not been achieved and should you wish to make a complaint about any aspect of the service we provide to you, you can do this by writing to Lake View Festival Way, Stoke-on-Trent, Staffordshire, ST1 5BJ, or by telephoning us on 01782 617600 where we will try to resolve your concern at the earliest time possible.