Home/Developers/North East/Peterlee
Developers in Peterlee
Peterlee stock that is not earning.
An empty Peterlee 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
Where we can help.
Unsold & Slow-Moving Units
A finished unit that has not sold earns a fixed monthly sum instead of a council tax bill, and comes back to you when a buyer appears. How this works →
Site Team Accommodation
Whole properties near site for the crew, cleaned and serviced, instead of a scatter of travel hotels and loose receipts. 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 →
Peterlee
What drives the number
A figure quoted before anyone has looked at the scheme is a guess. We would rather take a day and give you a number we can hold for the full term than win the conversation with something we quietly revise in month seven.
Peterlee
The process, step by step
There is one point of contact rather than a rota. Whoever you agree the terms with is who you speak to when something needs sorting out.
Peterlee
Where this fits, and where it doesn't
It is a poor fit for a property that needs substantial work first. That is a different conversation and usually a different service.
Peterlee
Compliance, plainly
Deposit handling, where it applies, follows the statutory scheme. There is no discretion in it.
Peterlee
Things we don't do
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.
Peterlee
Where to start
Questions are welcome before commitment, including the awkward ones about what happens when something goes wrong.
Coverage
We also cover these nearby
Straight Answers
Straight about our size.
Be sceptical, and check us properly. We operate two properties, we have not run a developer scheme, and a rent is only ever worth what the company behind it is worth. 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
Straight answers for Peterlee developers.
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 Peterlee 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 Peterlee 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.