Investors love the Morgan Goldsmith guaranteed rent plans. If guaranteed rent is a new concept to you as an investor, keep reading to find out everything you need to know about guaranteed rent programmes, how they work and what they can do for you.
A buy to let estate can be a great first investment for someone looking to get into the London estate market. However, a common question that many first-time investors have, is what if there are months where I simply don’t receive any rent? How would I pay the mortgage on my buy to let property if I didn’t make a cash payment? This is where a guaranteed rental plan comes in.
A guaranteed rent programme offers much more than guaranteed rent insurance, which is a different sort of service. Our guaranteed rent programme is a professional service offered by a team of individuals working through our experienced agency. Basically, the owner will sign over the buy to let property to one of our letting agents for a particular amount of time, whatever works best for you. By doing so, Morgan Goldsmith pays you, the owner, a pre-determined set amount every month for the time that was already agreed upon. You get this payment every single month, whether or not we’ve put any tenants in your property. The amount of payment, of course, depends on your property and its value, as well as the current market. However, it is absolutely, 100 percent guaranteed and you receive it promptly each month. After you’ve signed the paperwork, you get to sit back and relax while we manage the ownership of a buy to let property for you.
Let’s break it down simply.
Here’s how it works.