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Empty Properties. The team  Joanne Lawson  Danielle Matthews  Jeremy Frankson.

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Presentation on theme: "Empty Properties. The team  Joanne Lawson  Danielle Matthews  Jeremy Frankson."— Presentation transcript:

1 Empty Properties

2 The team  Joanne Lawson  Danielle Matthews  Jeremy Frankson

3 Experience  General housing work  Enforcement  Environmental Health  Surveying and valuation  Planning  Private sector leasing

4 Joint working  Housing Strategy  Planning  Environmental Health  Pest Control  Environmental Enforcement  Council tax

5 Today  Way we work  Enforcement powers  How we think we can help you  Q & A

6  Want to work with owners  Trace absentee owners  Not always possible so we use our enforcement powers

7 Enforcement Powers  Secure empty properties after 48 hours notice  Get work carried out on untidy and overgrown properties  Demolition Orders  Enforced Sale  Empty Dwelling Management Orders  Compulsory Purchase Orders

8 How can we help you?

9  Many owners of empty properties want to sell but don’t know how  Auction, agent or private sale?  Offer advice

10 Interested in buying an empty?  Good way to increase your portfolio  Come in varying conditions  Development projects  List of interested purchasers  Add your name and we will pass it on to prospective vendors

11 Empty Property Improvement Loans  Empty for six months  Loans are interest free  5 year fixed term  £15K  Additional £10K per extra unit in conversions up to £45K max  Registered as second charge  £150 fee

12 Empty Property Improvement Loans  Bring properties up to decent homes standard  Let at local housing allowance level

13 Local Housing Allowance  One bed - £474 pcm  Two bed - £593 pcm  Three bed - £673 pcm  Four bed - £992 pcm

14 Empty Properties What else ?

15 Empty Property Improvement Loans FAQ’s  Can I repay the loan early or in instalments?  Can I pick my own tenants?  Will the council find tenants for me?

16 Empty Property Improvement Loans The process  Contact the team to arrange an inspection  Visit – usually within a week  Discuss scheme and answer questions  Send application pack within 10 working days

17 Empty Property Improvement Loans The pack  Application forms  Copy of proposed loan agreement and charge form  Schedules of work  Three months to return the form

18 Empty Property Improvement Loans Processing your application  Check application  Pay in fee  Work out how much we can lend  Pass to legal team – 6 – 8 weeks  Approve loan  You can start work!  Year to complete

19 Empty Property Improvement Loans Payments  Interim and final  All payments need to be supported by invoices  Final payment – certificates and guarantees

20 Empty Property Improvement Loans Post - completion  Check your tenancy agreement  Check occupancy annually  Declare any outstanding loan on a local land search

21 Any Questions ?

22 Contact details  Empty Property Team, Private Sector Housing, Level 2, Gun Wharf  Telephone – 01634 333532  emptyproperty@medway.go.uk


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