Sponsored by Link Housing
Socially conscious property investors can provide a lifeline for households facing homelessness while investing in Scotland’s most in-demand property market with the City of Edinburgh Council’s Private Sector Leasing (PSL) scheme.
Edinburgh is regularly recognised as one of the top cities in the UK for property investment – including being named by Real Estate specialist Colliers as the Top UK Residential Investment City in December 2021 – due to the capital’s solid potential for high rental yields and capital growth, not to mention its outstanding qualities as a place to live and visit.
For investors seeking long-term investment in this thriving residential market, PSL provides a hands-off opportunity with complete property management and guaranteed rental income for three or five years. Investors who want to manage repairs themselves can also do so.
Over 1,000 investors currently let their Edinburgh property to the Council through PSL, creating a supply of safe emergency accommodation across the city. The City of Edinburgh Council funds the management costs, so property owners get professional management services at no cost to them whilst helping those in need.
The scheme has been managed by Link Housing Association since 2010. Benefits include:
- Guaranteed rent paid quarterly in advance (even if the property is empty through no fault of your own)
- Market-linked rental assessment
- No void periods
- No letting agency fees
- Tenant damage covered
- Regular property visits
- 3- or 5-year lease
- ISO-accredited maintenance service
- Optional repairs service
Link PSL also has a network of local contractors to help source properties suitable for PSL and carry out refurbishment to meet current legislation.
Trouble free investment management
Ken, a current landlord with Link PSL said, “Link’s PSL scheme is a godsend for landlords looking for trouble free management. I have half of my property portfolio on the scheme, and this is the half I can most relax with. There are no voids, rents are paid 3 months in advance without fail and there are no issues regarding getting your property back at the end of the contract. Staff are professional, courteous and helpful!
I have been a serial landlord for almost 20 years and can honestly say that Link PSL has saved me through each property downturn. A guaranteed income for 3 or 5 years paid in advance with no voids – it can’t get any better!”
The priority of many investors is income security, whilst for others it will be the positive social impact of their investment. With PSL, investors don’t have to choose between the two.
Find out more:
www.linkhousing.org.uk/PSLor email psllandlordteam@linkgroup.org.ukto request a call back for a no obligation informal discussion about letting a vacant property or portfolio through the scheme or selling a vacant property to Link PSL for the scheme.
Link also offers quality build to rent portfolio management and affordable factoring services.
Link PSL is accredited with Landlord Accreditation Scotland and a registered Letting Agent under the Letting Agent Registration (Scotland) Regulations 2016 (Registration Number LARN1907019).