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 registered at 8 Ridgehouse Drive, Festival Park, Staffordshire, ST1 5SJ. Company Register number is 13802607. ICO registration ZB673067 and you can check via www.ico.org.uk
Signature Specialist Finance Limited is not authorised by the Financial Conduct Authority and can only complete non-regulated introductions.
We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: fixed fee, fixed rate of commission and/or percentage of the amount you borrow. Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey.