Information for landlords

If you’re a landlord, there are many ways in which we can help you. These pages detail the services that we have to offer.

Information and advice for landlords

Private landlords and Credit Unions have started working together to find solutions to some of the problems caused for landlords since Local Housing Allowance was introduced in 2008.   With the support of private landlord individuals and groups, and other Credit Unions already providing this invaluable service we are pleased to provide a service which makes your life easier.  

So how does it work?   We process the rent payment from the council to you via your tenants Credit Union account.   Housing Benefit is processed in a restricted access part of a tenants account meaning it is guaranteed to make it to you as their landlord on time, every time.   You will be paid by BACS payment into your Bank or Building Society account.   All you need to do is get your tenants to become NCU members and complete the necessary forms; it’s really that easy!

 

Benefits for You;

·          Our 60 day change of tenant’s payment details requirement means you can be guaranteed due rent and be pre warned of any changes.   We will liaise with the local authority and inform you if and when changes are made.

·          You will be able to meet your mortgage commitments.

·          You won’t have to chase due rent and you will have considerably less rent arrears and evictions.

·          You can write this payment method into tenancy agreements – if you wish for advice on wording on tenancy agreements please contact us Call us on 0115 8283121 or email us at margarett@nottinghamcu.co.uk .

·          Your tenants can engage with financial services giving you more financially secure tenants.

·          If you are accredited with DASH (Decent and Safe Homes) you qualify for a 10% discount on the service.

How do I get started?

·         Ask your tenant to complete the necessary forms; phone us on 0115 8283121 or email margarett@nottinghamcu.co.uk and we will send them a pack in the post.

·         You will be invoiced monthly at a fee of £5 per rent payment with discount available.

Additional Information;

The National Landlords Association (NLA) has given a great response to the service Credit Unions provide to private landlords.   One landlord said the following about the service:

            “This provides us with a bit more security, and our tenants are happy as it means they don’t have to worry about organising their rent payments”.  

 

You can find more information at the following links:

http://www.landlords.org.uk/archive/UKL200905/200905-landlordpropertymanagement.htm

http://www.landlordlaw.co.uk/pagedetail.ihtml?id=8042&page=non

The First Lets Project is here to support landlords and tenants in Broxtowe, Gedling and Rushcliffe. Private sector landlords play an important role in providing homes for people in these areas, and it is our aim to assist landlords who want to provide good quality accommodation at affordable rents.

We offer many services, from referencing prospective tenants who apply for properties, to providing advice on the latest legislation and the requirements of a landlord.

The First Lets website

This website gives potential tenants easy access to information about your properties. Landlords with properties in Broxtowe, Gedling and Rushcliffe may advertise their properties free of charge on this website. Please register and submit your properties now!