Leasing Scheme Wales
Leasing Scheme Wales is a scheme funded by the Welsh Government and managed by the Council. It allows landlords to lease their property to us for guaranteed rent payment for between 5 and 20 years.
Aims of the scheme
The scheme aims to:
- allow more people to rent privately in Wales
- make private renting a more affordable option
It will:
- improve access to homes in the private rented sector
- provide longer-term security of accommodation
- offer affordability
- provide support
- improve standards
- contribute to reducing homelessness
- provide security for tenants
- provide confidence for landlords
Benefits for tenants
Tenants who live in these properties will enjoy:
- access to settled accommodation in the private rented sector, at local housing allowance rates
- tenancy support like that provided by social housing landlords
Benefits for property owners
Landlords who lease their properties to us will benefit from:
- leases of between 5 and 20 years
- guaranteed rental payments for the length of the lease. These payments will be at the relevant Local Housing Allowance rate
- grant funding of £5,000 to bring your property up to an agreed standard and/or to increase the EPC rating to level C
- extra funding of up to £25,000 for empty properties
- repairs of any damage done to the property by tenants (subject to reasonable wear and tear)
- a guarantee of appropriate support for tenants, throughout the lifetime of the lease
Register your interest
For more information or to register your interest email: sociallettings@npt.gov.uk