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Developers in Grays
Grays stock that is not earning.
An empty Grays unit still costs finance, council tax and service charge every month it stands there. We take it on a company let and pay a fixed monthly rent instead.
Three Ways We Work
Three ways we work with developers.
Unsold & Slow-Moving Units
Rather than discount the last few plots, let them to us on a fixed rent and keep the asking price where you want it. 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
The whole block on one agreement, priced for the term and agreed in writing before anyone commits. How this works →
Grays
How the figure is reached
The rent we can commit to comes from what the units would realistically let for across the whole term, less what it costs to run them and the value of carrying the void risk. It is arithmetic on a specific scheme, not a percentage applied to an asking price.
Grays
What actually happens
Compliance paperwork usually decides the timeline rather than the legals. Certificates and sign-offs land when they land, and we would rather wait for them than take on a unit we should not.
Grays
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.
Grays
The compliance side
Deposit handling, where it applies, follows the statutory scheme. There is no discretion in it.
Grays
Where we draw the line
We do not advise on finance or tax. Those are jobs for a broker and an accountant, and we will say so rather than improvise.
Grays
Getting started
Questions are welcome before commitment, including the awkward ones about what happens when something goes wrong.
Coverage
Other places we work near Grays
Straight Answers
What you should check first.
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. 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
Grays schemes, explained.
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 Grays 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 Grays 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.