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Developers in Rugby
Rugby stock that is not earning.
We take Rugby 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 ways we work with developers.
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
Managed accommodation near site for your own staff and contractors, on one company account with a single monthly invoice. How this works →
Whole Block or Phase
One agreement and one payer across a whole phase, instead of a stack of individual lettings and holding costs. How this works →
Rugby
The commercial mechanics
Condition and specification feed straight into the figure. A unit handed over finished, compliant and ready to occupy is worth more to us than one where the last fix is still outstanding.
Rugby
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.
Rugby
Where this fits, and where it doesn't
Portfolio owners tend to find it simplest, because consolidated reporting removes the per-property admin that makes a portfolio tiring.
Rugby
Compliance, plainly
An electrical installation condition report has a life. So does a gas certificate. Both get diarised rather than remembered.
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What we won't do
We do not quote a figure before somebody has looked at the property. A number produced from a postcode is a marketing device, not an appraisal.
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Getting started
Questions are welcome before commitment, including the awkward ones about what happens when something goes wrong.
Coverage
Close to Rugby
Straight Answers
Before you plan around us.
Maine Property Solutions Ltd is a young company. We operate two properties of our own and we have not yet run a developer scheme, so what we are offering is a contract rather than a track record. Run your covenant check before you rely on the 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
Before you send us a Rugby scheme.
Still not sure? Ask us about your property and we'll answer for your specific situation.
Why would we let Rugby units rather than just discount them?
A discount is permanent and a letting is not. If the sales market is slow rather than broken, income across the slow period plus a break clause for when a buyer appears usually beats cutting the asking price on the last few plots.
What happens to the Rugby agreement if we sell the block?
The agreement is with the property, so a buyer takes it subject to our lease. That is worth raising with your agent early, because for some buyers an income-producing block is more attractive and for others it is not.
Can you house our site team instead?
That is a separate arrangement we also offer: managed accommodation near site for your own staff and contractors, on one company account with a single monthly invoice.
Who is responsible for gas, electrical and fire safety?
A lease does not make an owner's safety duties disappear and we will not pretend otherwise. Which obligations sit where is written into the agreement before anyone signs, and both solicitors should look at that clause specifically.
Will you sign an NDA before we send Rugby scheme details?
Yes, without fuss.