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.