X
X
Where did you hear about us?
The monthly magazine providing news analysis and professional research for the discerning private investor/landlord

New financial incentives offered to private landlords by desperate council

A London council is relaunching an appeal for private landlords to help house homeless people with mobility issues. Landlords in Camden and other areas are particularly being urged to come forward if they have studio flats or one or two bed properties on the ground or first floor, or a property in a block with access to a lift.

Landlords will be offered cash incentives and extensive support for both themselves and their tenants in exchange for letting to residents who are at risk of homelessness or who are ready to move on from homelessness services and live independently. 

The council cites one anonymous landlord saying: “I carefully considered the overall package, the incentive payment and local housing allowance rate offered by Camden and compared it with offers from the private market. Although offers from the private market were considerably better financially, I decided to accept the offer from Camden because of the commitment to help people with housing issues. I have friends who have struggled with housing issues, so I saw this as an opportunity to make a positive contribution to a solution.”

Camden is appealing for landlords to let a property at or below the local housing allowance rate. In exchange, the council is offering landlords a cash incentive of up to £2,000 to let a one bed property and up to £4,500 for a two-bed property as well as a package of support.

If you want to read more news subscribe

subscribe