Barking and Dagenham joins the fight against homelessness

Our company is the best in handling investment properties Barking and Dagenham has. The investor services we supply aid clients in making the right purchases. In addition, we work with them to examine their portfolios. This is one of the key steps if they want to be successful.

Barking and Dagenham council has become part of a £38million property scheme. Its purpose is to house families most at risk of homelessness. Eleven boroughs are taking part.

This scheme’s name is Capital Letters. It’ll see London’s local authorities developing a non-profit business. This company shall assist over 35,000 households with homelessness during the next three years.

The business has another aim too. It also wants to persuade local authorities to work in unison here. This is instead of competing on accommodation. Competition only serves to slow down housing provision and increase prices.

Capital Letters presents an opportunity

At present, the number of homeless people in the UK is rising. The issue is worse because there is not enough homes. Capital Letters is a chance to do things a new way. Barking and Dagenham Council is incredibly pleased that the government has given their support to this innovative work. By cooperating, boroughs will strengthen each council’s market position.

So far, other boroughs that have signed up include Waltham Forest, Bexley, Redbridge and Tower Hamlets. In time, the hope is that more local authorities will also join. The Ministry of Housing, Communities, and Local Government is helping too. It’s assigning £37.8million of its £1.2billion fund to manage homelessness. They’ll give this to the scheme over the next three years.

At Finefair, we want every property investor to be as successful as possible. For this to happen, they must come up with a focused and proactive action plan. We can assist them in doing so.

Whatever their goals, when it comes to investment properties Barking and Dagenham has lots to offer investors. Our team can help you every step of the way. If you have any questions for us, feel free to get in touch. We look forward to working with you.