Editor's note: This brief was summarised by The Property AI Team from a report by Letting Agent Today. Read the original article for full details.
Applications Closing for Unusual Lettings Scheme
Applications are closing for an unusual lettings scheme, Letting Agent Today reports. A building society runs the scheme, owning, letting and then selling its own properties.
The model differs from the typical private rented sector arrangement, in which a landlord or investor owns a property and a letting agent manages the tenancy on their behalf. Here, the building society takes on the owner and landlord role before eventually selling the property.
For letting agents and inventory clerks, the report is a reminder that alternative ownership and letting models continue to emerge in the UK market. The source item does not specify which building society is involved, the location of the properties, the number of homes in the scheme, or the deadline for applications.
Those wanting further detail, including how to apply before applications close, should read the original article on Letting Agent Today.
Source: Letting Agent Today