Home/Developers/East Midlands/Corby
Developers in Corby
Corby stock that is not earning.
We take Corby stock on a company let and carry the void risk ourselves. You get one counterparty, one payment date and a term agreed in writing.
Three Ways We Work
Three things we do.
Unsold & Slow-Moving Units
Completed stock taken on a company let with a fixed monthly rent, and a break clause so you keep vacant possession for a sale. How this works →
Site Team Accommodation
Somewhere sensible for a travelling crew to stay, with kitchen and laundry, run by us and billed to the company. How this works →
Whole Block or Phase
A block or completed phase let and run under one agreement, rather than sold plot by plot into a slow market. How this works →
Corby
The commercial mechanics
Service charge, ground rent and who insures what all change the net position, so they are settled during pricing rather than discovered after handover.
Corby
What to expect once it starts
If units are needed back for a sale, the break provisions agreed at the start are what govern. Give the notice that was agreed and we plan around it.
Corby
Who gets the most from it
The owners who get most from it are the ones who tell us their constraints early: dates they need, works they will not fund, tenants they will not take. Constraints are easy to design around and awkward to discover.
Corby
The compliance side
Insurance written for standard residential letting usually will not cover the intended use. It is worth checking before rather than discovering after.
Corby
Where we draw the line
We are not a building contractor. Where work is needed we introduce the trades we use, and the contract for that work sits between the owner and the trade, priced before it starts.
Corby
Where to start
An owner with several properties should say so early — it usually simplifies things rather than complicating them.
Coverage
Close to Corby
Straight Answers
The part that does not flatter us.
We would rather you heard this from us than found it in a credit check: we operate two properties and have never run a developer scheme. The offer is a contractual one, and it deserves the same scrutiny you would give any new counterparty. Company No. 16187542, and we will hand over what you need to check it properly. On anything larger than a handful of units, expect a rent deposit, a guarantee or a shorter first term to be part of the conversation.
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 Corby housebuilders.
Still not sure? Ask us about your property and we'll answer for your specific situation.
Do you actually pay if a Corby unit sits empty?
Yes. The rent is a fixed monthly sum under the agreement, payable whether or not anyone is staying in the property. The void risk moves to us, which is why the figure sits below the best a unit might achieve in a strong month.
Can we keep marketing the Corby units for sale?
Yes, and most developers do. A break clause lets you recover vacant possession on an agreed notice period once you have a buyer, and viewings are arranged with reasonable notice.
Is this an AST?
No. It is a company let: Maine Property Solutions Ltd becomes the tenant and carries the rent obligation. Your solicitor should read the agreement before you sign it, and we would expect them to.
How many Corby units would you take?
A single unit is straightforward. A whole block is a bigger step and will get a more cautious answer, because we are a small company - we would rather say that on the first call than three weeks into your programme.
Who are you?
Maine Property Solutions Ltd, Companies House number 16187542, registered office Office 1, Izabella House, 24-26 Regent Place, Birmingham B1 3NJ.