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Local Letting Agency Model
Our Business Model is best suited to either single local authorities or several local authorities working in partnership, who are currently involved in the development of a Local Lettings Agency Model.
Key components of the Business Model include:
Reduced reliance on Government Funded Landlord Incentives
Do away with cash incentives, deposits and bonds currently used to secure private rented accommodation and introduce a cost effective rent arrears indemnity plan and range of landlord insurance policies as a ‘Homelessness Prevention Tool’
Local Housing Allowance (LHA) Tenancy Support and Sustainment Plan©
Our comprehensive LHA Tenancy Support and Sustainment Plan © optimises current staff resources within both Housing Advice and Housing Benefits Service and introduces a unified housing needs assessment process, LHA safeguarding, LHA Seminars for PRS providers, referrals to local family tenancy support providers and Service Level Agreements between all parties.
Example of Comparative Re-Housing Costs
Based on two bedroom flat @ £700 p.c.m (One month’s rent in advance + deposit @ £700 + £700 = £1,400) in comparison with Settled Housing Solutions Consultancy Service Cost Reduction Housing Model
| Settled Housing Solutions Low Cost Business Model Costs @ £250 per tenancy x 100 tenancies |
£25,000 |
| Estimated Rent Arrears Indemnity Costs x 100 tenancies |
£6,500 |
| Total Re-housing Costs to the Local Authority x 100 tenancies (year one) |
£31,500 |
| Former Rent Deposit Scheme Costs x 100 tenancies |
£140,000 |
| Total Potential Savings to Local Authority |
£108,500 |
To discuss how you can introduce Settled Housing Solutions' Cost Reduction Business Plan© into your service please contact us at info@settledhousingsolutions.com
Settled Housing Solutions Consultancy Service have established arrangements with the following leading landlord insurance companies which can provide added security for all parties from rent arrears, malicious damage, legal fees, contents insurance and tenancy deposit protection.
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