Home/Developers/North East/Billingham
Developers in Billingham
Billingham stock that is not earning.
For developers holding completed Billingham units: a fixed monthly rent under one agreement, paid whether or not anyone is staying in the property.
Three Ways We Work
What we would take from a developer.
Unsold & Slow-Moving Units
We become the tenant on completed stock and pay monthly while you carry on marketing it, with an agreed notice period to get it back. How this works →
Site Team Accommodation
Site team accommodation arranged and managed, so your people are housed together and the paperwork arrives monthly. How this works →
Whole Block or Phase
Whole-block lettings under a single company let, with a phased start if that suits both sides better. How this works →
Billingham
What drives the number
The rent sits below the best a unit might achieve in a strong month, and it should. What you are buying is certainty and the removal of void risk, and that carries a price on both sides of the deal.
Billingham
What actually happens
Both sides use solicitors. We are asking a developer to grant a lease to a company, and nobody should sign that on a handshake.
Billingham
Who gets the most from it
Where a property is genuinely unsuitable, saying so early costs one conversation. Saying so late costs both sides money.
Billingham
Certificates, licensing and insurance
Deposit handling, where it applies, follows the statutory scheme. There is no discretion in it.
Billingham
The limits, stated up front
We do not chase volume for its own sake. A property taken on badly costs more than it earns.
Billingham
The first step
Questions are welcome before commitment, including the awkward ones about what happens when something goes wrong.
Coverage
Other places we work near Billingham
Straight Answers
Read this before you rely on it.
There is no track record here to lean on. Two properties, no developer schemes, and a company young enough that its filed position is worth reading before you build a cashflow on our rent. Company No. 16187542, and we will hand over what you need to check it properly. On larger schemes a deposit, a guarantee or a staged take-up is the normal answer, not a sign of reluctance.
Nothing on this page is a valuation, a financial promotion or investment advice. Terms are specific to the scheme in front of us and are agreed in writing before either side commits.
Your Questions
Common questions from Billingham housebuilders.
Still not sure? Ask us about your property and we'll answer for your specific situation.
What do you need from us to price a Billingham scheme?
Location, plot numbers, tenure and the service charge position, the completion date, and your expected sales window. Certificates where they exist. The more of that we have, the less hedged the answer.
How long does it take to get an answer?
The review itself is quick. What usually sets the timeline is compliance paperwork - the EPC, the electrical certificate or the gas safety record arriving - rather than anything on our side.
What condition do the Billingham units come back in?
The standard is agreed before we take them, off a schedule of condition with photographs at handover. Fair wear and tear is expected on a property that has been lived in; anything beyond that is ours to put right.
Do you buy unsold stock?
No. We take property on a lease and pay rent - we are not a cash buyer and we do not make offers on completed units. If something needs work rather than being finished, send it to us and we will see whether it fits an investor on our list.
Are you VAT registered?
Maine Property Solutions Ltd is not VAT registered, so our invoices carry no VAT. VAT on property leases depends on tenure and on whether an option to tax is in place, so take your own advice on your recovery position.