Empty Properties

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Empty Properties
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The team

• Joanne Lawson
• Danielle Matthews
• Jeremy Frankson

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Experience

• General housing work
• Enforcement
• Environmental Health
• Surveying and valuation
• Planning
• Private sector leasing

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Joint working

• Housing Strategy
• Planning
• Environmental Health
• Pest Control
• Environmental Enforcement
• Council tax

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Today

• Way we work
• Enforcement powers
• How we think we can help you
• Q A

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

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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

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• How can we help you?

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• Many owners of empty properties want to sell but
  dont know how
• Auction, agent or private sale?
• Offer advice

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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

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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

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Empty Property Improvement Loans

• Bring properties up to decent homes standard
• Let at local housing allowance level

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Local Housing Allowance

•       One bed - 474 pcm
•        Two bed - 593 pcm
•       Three bed - 673 pcm
• Four bed - 992 pcm

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Empty Properties

• What else ?

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Empty Property Improvement LoansFAQs

• Can I repay the loan early or in instalments?
• Can I pick my own tenants?
• Will the council find tenants for me?

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Empty Property Improvement LoansThe 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

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Empty Property Improvement LoansThe pack

• Application forms
• Copy of proposed loan agreement and charge form
• Schedules of work
• Three months to return the form

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Empty Property Improvement LoansProcessing 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

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Empty Property Improvement LoansPayments

• Interim and final
• All payments need to be supported by invoices
• Final payment certificates and guarantees

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Empty Property Improvement LoansPost - completion

• Check your tenancy agreement
• Check occupancy annually
• Declare any outstanding loan on a local land
  search

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• Any
• Questions ?

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Contact details

• Empty Property Team, Private Sector Housing,
  Level 2, Gun Wharf
• Telephone [phone]
• emptyproperty_at_medway.go.uk