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Developers in Exmouth
Exmouth stock that is not earning.
We take Exmouth 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
The three arrangements.
Unsold & Slow-Moving Units
Slow-moving completed units taken on a company let, priced for the term rather than for the first month. How this works →
Site Team Accommodation
Beds for the people building it: your team together, near site, on one account that invoices once a month. How this works →
Whole Block or Phase
A completed phase taken as a unit, with break provisions so you can pull units back if the sales market turns. How this works →
Exmouth
How the figure is reached
We price the scheme in front of us rather than the postcode. Two developments a mile apart can support very different figures once access, parking, service charge and layout are taken into account.
Exmouth
What to expect once it starts
Once the property is handed over, rent is paid on the same date each month for the term, whether or not anyone is staying in it. That is the arrangement itself, not a concession.
Exmouth
Where this fits, and where it doesn't
Where a property is genuinely unsuitable, saying so early costs one conversation. Saying so late costs both sides money.
Exmouth
The compliance side
Anything that is the owner's statutory responsibility stays the owner's responsibility, and the agreement says which items those are.
Exmouth
Things we don't do
We do not take on property we do not think will work. Turning something down costs us a fee and saves an owner a year of disappointment.
Exmouth
How to begin
If the answer is that we are not the right fit, that gets said in the first conversation rather than the fourth.
Straight Answers
The part that does not flatter us.
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. Where the numbers get serious, so does the security around them. That conversation happens early rather than late.
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
Exmouth developer questions.
Still not sure? Ask us about your property and we'll answer for your specific situation.
What do you need from us to price an Exmouth 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 Exmouth 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.