"There is no denying that changes to buy-to-let legislation have hit investors hard over the last 18 months"
Residential asset management firm The Happy Tenant Company (HTC) and housebuilder Barratt London have announced that they have formed a new partnership in order to offer free property management to existing and potential HTC members looking to expand their buy-to-let portfolios from three Barratt London schemes.
The partnership will initially be rolled out on Barratt London’s schemes in three sought after London locations; Camden Courtyards, Kidderpore Green in Hampstead, and Lombard Wharf in Battersea. Potential investors will receive direct access to Barratt London’s sales team for each development, fully-fitted furniture packs and up to three years membership to The Happy Tenant Company.
As well as a full property management service, the membership with HTC will offer landlords access to a free mortgage clinic with Lee Grandin, who specialises in mortgages for portfolio landlords, discounted letting agent fees to help find suitable tenants, as well as cost-price maintenance services for the life of the membership.
Adam Joseph, CEO of The Happy Tenant Company, says: “There is no denying that changes to buy-to-let legislation have hit investors hard over the last 18 months, but interestingly some of our landlords are using this as the catalyst to realign their portfolios, selling off properties which are perhaps in less attractive areas or in need significant updating, and replacing with more appealing investments which offer higher yields.
New build properties in sought after areas such as Battersea and Hampstead offer investors the advantage of an NHBC building warranty, lower maintenance costs, and additional incentives such as furniture, giving them a ‘ready-to-rent’ investment. Working with Barratt London gives us the opportunity to offer our landlords even greater incentives and we hope to be able to extend this further in the future.”