SPECIALIST
SUPPORTED HOUSING
Social housing is the provision of accommodation for people on low incomes, or certain groups of people, such as refugees and asylum seekers
SPECIALIST SUPPORTED HOUSING
The social and affordable-rented sectors account for about 20% of total UK housing stock. However, there is also unsatisfied demand for additional social rented accommodation across the nation.
Social housing is the provision of accommodation for people on low incomes, or certain groups of people, such as refugees and asylum seekers. The accommodation can also be used to house vulnerable adults. It is provided predominantly by government bodies, registered local or national charities and social care operators. The government supports social housing through a system of housing allowances and grants. This kind of investment helps fund the supply of available homes.
THE HOUSING CRISIS
The social and affordable-rented sectors account for about 20% of total UK housing stock. However, there is also unsatisfied demand for additional social rented accommodation across the nation.
There is a strong need for more housing for asylum seekers in particular. The UK government programme for housing refugees has been active since the early 1990s. Due to the COVID-19 pandemic, the process for seeking asylum is taking far longer than usual, which means there are more people waiting and less accommodation available.
Geopolitical events and global instability will unfortunately influence this asset class. Most recently, the US’s withdrawal from Afghanistan means the UK is set to take 20,000 refugees from the country over the next five years in a new resettlement scheme. Prior to this, June 2021 had the highest number of asylum seeker arrivals by boat to the UK on record.
Recent events mean this trend will probably continue throughout the remaining months of 2021 and 2022. Moreover, attitudes towards the issue are shifting, and awareness among the general public is growing along with a desire to become more involved.
INVESTING IN SOCIAL HOUSING LEASES
Social housing leases provide landlords with guaranteed rental income over a fixed period.
Local housing authorities need to be able to ensure stability for their tenants, so these types of contracts are typically agreed with a 7 to 10 year term. There is also the potential to earn strong and stable yields.
Providing Housing for Vulnerable Adults
A large part of social housing is working with charities who house vulnerable adults. This can range from charities who specialise in helping those who have suffered domestic abuse, to homelessness, adults with disabilities that need full-time care, drug rehabilitation and ex-offender schemes. This is a demographic that is often left behind in society.
These charities look beyond just housing those vulnerable adults. The care also extends to rehabilitation and psychological assistance. The deeper you research social care operators, the more you will understand the ethical importance of this asset class.
Providing Housing for Refugees
Housing and property service providers Mears and Serco have won lucrative 10-year government housing contracts totalling £2.9 billion to provide accommodation and support for asylum seekers. The contracts were awarded by Britain’s Home Office Visas and Immigration Department through the Asylum Accommodation and Support Services Contracts (AASC).
Now having completed their own due diligence, the companies have secured properties across the north of England on social housing leases ranging from 7 to 10 years. This can provide Visionary Partners investors with a secure, assured income from day one.
SPECIALIST SUPPORTED HOUSING
Investing via Visionary Partners
Investing in an assured rent housing association lease provides a number of opportunities for investors, while offering you the chance to help house refugees and asylum seekers. The properties are complete and income-generating from day one, eliminating the risk of rental voids or arrears.
Investors are also offered free property management services, and each property has a housing officer who is responsible for the home and its tenants. All properties must be returned in their original condition at the end of the contract.
SPECIALIST SUPPORTED HOUSING
Some of the most attractive benefits of investing in one of Visionary Partners assured rent housing association leases include:
Assured rent
Tenant damage cover
Free property and lettings management
No rental voids
No rent arrears
All utility bills covered
Visionary Partners has a strong relationship with some major social care operators across the UK, along with local councils.
SPECIALIST SUPPORTED HOUSING
THE SIMPLE PURCHASE PROCESS
These social housing leases are sold for cash starting from as little as £62,000. The purchase process takes only 28 days and includes an auction pack with gas safety certificates, electrical certificates, searches and property condition reports from Mears or Serco.
There are just a few things required from investors who purchase a lease. You must have insurance in place before completion, and have a UK bank account open before conveyancing. As the landlord, you are also responsible for annual insurance and a yearly gas safety certificate costing about £60, as well as taking care of any structural issues that arise. Serco or Mears will not contract a property with any known structural issues.
Properties must pass building regulations as well as potential council inspections. All of the properties with leases for sale are newly refurbished and inspected. Furthermore, they all adhere to building regulations, council regulations and standards set out in the contract.
If you’d like to learn more about the investment opportunities on offer with social housing leases, please get in touch.
SPECIALIST
SUPPORTED HOUSING
Social housing is the provision of accommodation for people on low incomes, or certain groups of people, such as refugees and asylum seekers
SPECIALIST SUPPORTED HOUSING
The social and affordable-rented sectors account for about 20% of total UK housing stock. However, there is also unsatisfied demand for additional social rented accommodation across the nation.
Social housing is the provision of accommodation for people on low incomes, or certain groups of people, such as refugees and asylum seekers. The accommodation can also be used to house vulnerable adults. It is provided predominantly by government bodies, registered local or national charities and social care operators. The government supports social housing through a system of housing allowances and grants. This kind of investment helps fund the supply of available homes.
THE HOUSING CRISIS
The social and affordable-rented sectors account for about 20% of total UK housing stock. However, there is also unsatisfied demand for additional social rented accommodation across the nation.
There is a strong need for more housing for asylum seekers in particular. The UK government programme for housing refugees has been active since the early 1990s. Due to the COVID-19 pandemic, the process for seeking asylum is taking far longer than usual, which means there are more people waiting and less accommodation available.
Geopolitical events and global instability will unfortunately influence this asset class. Most recently, the US’s withdrawal from Afghanistan means the UK is set to take 20,000 refugees from the country over the next five years in a new resettlement scheme. Prior to this, June 2021 had the highest number of asylum seeker arrivals by boat to the UK on record.
Recent events mean this trend will probably continue throughout the remaining months of 2021 and 2022. Moreover, attitudes towards the issue are shifting, and awareness among the general public is growing along with a desire to become more involved.
INVESTING IN SOCIAL HOUSING LEASES
Social housing leases provide landlords with guaranteed rental income over a fixed period.
Local housing authorities need to be able to ensure stability for their tenants, so these types of contracts are typically agreed with a 7 to 10 year term. There is also the potential to earn strong and stable yields.
Providing Housing for
Vulnerable Adults
A large part of social housing is working with charities who house vulnerable adults. This can range from charities who specialise in helping those who have suffered domestic abuse, to homelessness, adults with disabilities that need full-time care, drug rehabilitation and ex-offender schemes. This is a demographic that is often left behind in society.
These charities look beyond just housing those vulnerable adults. The care also extends to rehabilitation and psychological assistance. The deeper you research social care operators, the more you will understand the ethical importance of this asset class.
Providing Housing
for Refugees
Housing and property service providers Mears and Serco have won lucrative 10-year government housing contracts totalling £2.9 billion to provide accommodation and support for asylum seekers. The contracts were awarded by Britain’s Home Office Visas and Immigration Department through the Asylum Accommodation and Support Services Contracts (AASC).
Now having completed their own due diligence, the companies have secured properties across the north of England on social housing leases ranging from 7 to 10 years. This can provide Visionary Partners investors with a secure, assured income from day one.
SPECIALIST SUPPORTED HOUSING
Investing via
Visionary Partners
Investing in an assured rent housing association lease provides a number of opportunities for investors, while offering you the chance to help house refugees and asylum seekers. The properties are complete and income-generating from day one, eliminating the risk of rental voids or arrears.
Investors are also offered free property management services, and each property has a housing officer who is responsible for the home and its tenants. All properties must be returned in their original condition at the end of the contract.
SPECIALIST SUPPORTED HOUSING
Some of the most attractive benefits of investing in one of Visionary Partners assured rent housing association leases include:
Assured rent
Tenant damage cover
Free property and lettings management
No rental voids
No rent arrears
All utility bills covered
Visionary Partners has a strong relationship with some major social care operators across the UK, along with local councils.
SPECIALIST SUPPORTED HOUSING
THE SIMPLE PURCHASE PROCESS
These social housing leases are sold for cash starting from as little as £62,000. The purchase process takes only 28 days and includes an auction pack with gas safety certificates, electrical certificates, searches and property condition reports from Mears or Serco.
There are just a few things required from investors who purchase a lease. You must have insurance in place before completion, and have a UK bank account open before conveyancing. As the landlord, you are also responsible for annual insurance and a yearly gas safety certificate costing about £60, as well as taking care of any structural issues that arise. Serco or Mears will not contract a property with any known structural issues.
Properties must pass building regulations as well as potential council inspections. All of the properties with leases for sale are newly refurbished and inspected. Furthermore, they all adhere to building regulations, council regulations and standards set out in the contract.