Landlords In Scotland Offered Extended Rent Guarantee Scheme By Orchard And Shipman

As the SNP is lobbied to provide more support for private landlords post-Covid, private residential lettings specialists Orchard and Shipman urge landlords to take advantage of their rent guarantee scheme …

Throughout the pandemic, private landlords have been working with the Government to ensure that struggling tenants are offered support and that, with the lifting of the eviction ban, evictions are a last resort. But in the current climate, a tenant in arrears very quickly becomes a landlord in financial difficulty.

Rent guarantee schemes have been buoying landlords and the Scottish private rental market for some time, but private letting experts Orchard and Shipman’s service is different – perhaps because Orchard and Shipman is different. With a history in social housing, the private lettings teams strategically based in Edinburgh, Dundee, Inverness and the Borders, have a unique understanding of supporting tenants. But with clients such as the Ministry of Defence, over 30 years of working with private landlords due to being established in 1988 and a growing team, they have positioned themselves as the local agency for many of their clients thanks to their unique understanding of the local markets.

Their Rent Guarantee Scheme provides full market rent cover for up to 15 months in exchange for 3% fee plus VAT. The scheme also covers all legal costs and landlords have a dedicated property manager who knows both them and the tenants. There is no excess and it doesn’t affect premiums.

Mohsin Gani, Regional Lettings Manager, Orchard and Shipman, said, “The Government are offering support to tenants affected during the pandemic but anyone who has worked in the private lettings market as long as we have knows that the need for support far pre-dates Covid.

“Most Rent Guarantee schemes are for just a few months, don’t cover the full market value or don’t cover legal costs – or if they provide landlords with that level of cover they are made to pay for it in agency fees. Our fees are incredibly low and there is no excess for landlords to pay. We wanted to launch a Rent Guarantee Service that was robust enough to give complete peace-of-mind to our landlords at minimum cost to them and, ultimately, boost confidence in the market.

“Due to our experience in the social housing sector, we are uniquely placed to help tenants too – signposting them to the support services that can give them financial help and advice. We are pleased to say that it has been working brilliantly for everyone involved – our landlords are more positive, our tenants have more time to get the support they need and our teams are actually able to make a real difference to the people we work with.”

To find out more about Orchard and Shipman’s Rent Guarantee scheme exclusively for private landlords in Scotland and for all new business enquiries, contact Mohsin.Gani@orchard-shipman.com or call 0131 553 0053.

£85 Million New Initiative For Affordable Housing

In the first initiative of its kind, an £85 million approach to funding for affordable housing with variable tenures that can last from one day to a lifetime is launched today by Orchard & Shipman.

Working with specialist advisors Revenue & Capital, the property management group has secured £85 million to provide up to 300 affordable housing units in a Joint Venture with Bromley Council.

With funding provided by a major institutional investor and Bromley Council, Orchard & Shipman will be responsible for sourcing, buying and then managing the properties on a fully insuring and repairing basis for 50 years after which ownership will revert to Bromley Council. These properties will be returned at no cost to the local authority.

“This new funding initiative aims to speed up the urgently needed acquisition of affordable housing for those who find themselves homeless and in temporary accommodation with good quality permanent homes” said Chris Shipman, Chief Executive of the Orchard & Shipman Group. “It has long been known and understood that bad housing is a major contributor to poor health, poor education and poor employment opportunities and the Covid pandemic is just making this worse. As a registered provider of affordable housing this is exactly the type of social project we want to be involved in.”

Councillor Peter Morgan, Bromley’s Executive Councillor for Renewal, Recreation and Housing said, “We are excited at the potential to increase our housing supply which will not only provide much needed housing for residents we need to support but is also another example of how careful financial management can go hand in hand with delivering housing. This is positive news for those residents who may find themselves in temporary accommodation for longer than ideal, and for council taxpayers.”

Said John Knevett, Chairman of Orchard & Shipman Homes Ltd and previously Chief Executive of A2 Housing, “With the traditional housing association sector retrenching, the market is in desperate need of new entrants and new funding models with the right long-term motives and good quality services. Novel creative models like this are perfect to help add to the numbers of additional affordable homes.”

Richard Walsh of Revenue and Capital said, “We welcome Bromley Council’s and Orchard & Shipman’s approach to funding social housing stock and are on hand to support other Councils with the same market leading and flexible funding solution”

Established in 1988 Orchard & Shipman are a specialist housing group and have been working with the London Borough of Bromley for over 10 years. The Group has long-established relationships with Local Authorities in Scotland and England and also manage properties on behalf of the Ministry of Defence.

Capture Housing And Orchard & Shipman Major Step Forward For The Affordable Housing Market

A new scheme to boost the supply of affordable homes by one of the country’s leading registered providers of social housing and an Isle of Wight based affordable housing provider was finalised yesterday. Buyers into the scheme can acquire between 60% and 75% of the 125 year lease of the property. Competitive mortgages for this type of purchase have been organised.

Orchard & Shipman Homes Ltd and Capture Housing have completed this scheme in Ryde providing 15 shared ownership flats and houses. Said Chris Shipman, Chairman of the Orchard & Shipman Group, “This is an important development for those trying to get on to the first rung of the housing ladder, the step that is so difficult for so many.”

The Ryde scheme has been developed on behalf of Capture Housing by Captiva Homes and provides 15 properties in a mix of 2 and 3 bedroom homes with open market values ranging from £175,000 To £245,000. Therefore, prices start at £105,000 for a two bed coach house.

Said Peter Griffiths, Director of Capture Housing, “We are pleased to be working in partnership with Orchard & Shipman as they have worked with us to deliver lower costs for the rental part of the shared ownership than would normally be the case, resulting in making the homes more affordable for island residents.”

Added Chris Shipman, “As a registered provider of social housing for a number of local authorities throughout the country, we have been looking for new ways to speed up the provision of affordable homes so we are delighted to be able to work with Capture on this scheme.”