Creating new private rental homes in Barking and Dagenham

In February Barking and Dagenham Council was praised for the number of new private rental homes they had seen built in the area. The 621 created on the Gascoigne estate as part of the Reside scheme are the most in any area in the capital. With 200 more under construction and set to be finished early in 2018, the area is definitely leading the way and helping to address supply issues.

The Reside scheme was created in 2012 and immediately stood out as a pioneer. It sees the Council actively promoting the construction of homes for private rental. The homes are offered at between 50% and 80% of the market rate. This means that residents have a good chance to save towards a deposit so they can ultimately get on the property ladder.

The number of homes built as part of the Reside scheme exceeds the total in every other London Borough. This shows how successful it has been and should offer inspiration to other Councils looking at ways to help local residents get on the property market in the future.

All of the income generated from Reside is utilised to fund local services. This means that the rent being paid is helping to improve conditions in the area. This also helps to soften the impact of government cuts and the impact the reduction of funds has had.

At Finefair we work as a lettings agent in Barking and Dagenham and strive to offer the very best services for landlords and tenants alike. We have a professional attitude and set the very highest standards. This comes across every single time a client has dealings with us.

One of the things that really makes us stand out from other lettings agents is we can offer landlords a series of options. They can choose to rent privately, relying on us for marketing and management, or can select council leasing. Both options offer different costs and benefits but it is always wise to explore them to see which provides the best value.

If you want to work with a flexible, highly experienced lettings agent in Barking and Dagenham please get in touch with our team.