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Ciaran O’Shea Group Head of New Business

Benefitting from Opportunities Created by a Changing Environment: An introduction to rental schemes for landlords that challenge traditional approaches. Ciaran O’Shea Group Head of New Business. Who is Orchard & Shipman?.

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Ciaran O’Shea Group Head of New Business

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  1. Benefitting from Opportunities Created by a Changing Environment: An introduction to rental schemes for landlords that challenge traditional approaches Ciaran O’Shea Group Head of New Business

  2. Who is Orchard & Shipman? • National Providers of Housing and Property Management Services to both public and private sectors • Provide a full range of Residential Sales & Lettings services (through the Campsie brand) • Commercial Agency & Property Consultancy Services (with a team of qualified RICS surveyors)

  3. Orchard & Shipman plc: Some of ourClients

  4. Orchard & Shipman plc: Nationally Recognised

  5. Our Journey 1988- West Drayton - Estate Agency 1996- Staines - Estate Agency 1999- Slough - Estate Agency 2002- Hillingdon - PSL 2005- Edinburgh PSL and Acquisition of Campsie Lettings 2007- Midlothian, East Lothian & Scottish Borders - PSL 2009- Southwark – PSL and Edinburgh - Lettings & Advice 2010 -Brighton & Hove – PSL South Gloucestershire - Housing Advice BAA - Portfolio Management 2011 –Bromley – PSL Enhanced Edinburgh Letfirst

  6. What you will get out of this presentation • Information on changes within the current economic environment that affect the lettings market • Understanding how you can identify and manage risk whilst maximising the return on your investment

  7. The Changing Environment • Buy-to-Let market; increasing demand on limited funding • First time buyer mortgage applications; deposit constraints • Demand for rental properties increased; especially in London and the South East • Cuts from government to overall spending including welfare and benefits; affects entire PRS • Sustained unemployment figures and potential for double dip

  8. What this means for landlords: Threats • Availability of finance and buy-to-let products • Increased cost of borrowing; product types, interest rates and fees • Value of assets (re-financing); lack of flexibility and detailed mortgage application assessment • Length of term / tenure of investment; short term wins or long term gains • Changing tenant profile; increased arrears and voids risks?

  9. Threats cont’d... • Local Housing Allowance (LHA) rates capped • Single room rate; extension to the under 35s for room rate e.g.: claimant aged 33 living in central London currently entitled to £250 per week this will reduce to £137.50 This will mean shared accommodation, will HMO’s (Homes of Multiple Occupation) work for you? • New entrants to the market; vendors, funds and institutional investors

  10. What this means for landlords: Opportunities • Significant growth in the residential lettings market • Increased viability of leasing schemes; 50th vs. 30th percentile • Potential change in legislation; ability for councils to discharge statutory duty in to the private rented sector • Increased demand on the private rented sector by the public sector • Increasing sources of private funds for developments; we have seen stamp duty and Real Estate Investment Trust changes (reduction in costs) • Changes in the market place; from owner / occupier to long term renting • More stock available for lettings?

  11. How can landlords benefit? Maximising the return on your investment by choosing the right product and managing agent • Private Sector Leasing (PSL) • Letfirst • Traditional Residential Lettings

  12. Private Sector Leasing • Private Sector Leasing (PSL) is designed to; • offer a financially secure and attractive package to landlords • deliver quality accommodation to tenants • reduce the financial impact of providing temporary accommodation on local authorities • be used for homelessness prevention, temporary accommodation and discharge of homelessness duty

  13. Your Choice: Private Sector Leasing

  14. Letfirst • Letfirst with Orchard & Shipman is designed to; • remove some of the risks usually associated with renting • guarantees your rent and pays it directly to you • find the right tenant for your property • Our full management and maintenance service comes as standard with Letfirst. • Your own dedicated Property Manager will keep in touch with you at all times providing you with extra reassurance and peace of mind that your property and interests are in safe hands.

  15. Your Choice: Letfirst

  16. Residential Lettings • Campsie Residential Lettings; • branches in Windsor, Staines, Slough, West Drayton • property management, rent collection and let only • members of ARMA and ARLA • in-depth local market knowledge • long term relationships with landlords • focus on tenancy sustainment

  17. Your Choice: Residential Lettings

  18. In Summary • These are uncertain times • Opportunities are available • The key to success to managing your investment is: • identify and manage all areas of risk • selecting the right product • Selecting the right managing agent

  19. Thank you For more information contact us on; 020 3301 5993 or Email : enquiries@orchard-shipman.com or Visit our website: www.orchard-shipman.com

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