£300m Money Pot to Tackle Plethora of Empty Homes

We were extremely pleased by Communities Minister Don Foster’s announcement earlier in the week, pledging to ensure that some 5,000 empty homes could be refurbished and brought back onto the market as the government battles to end the national housing shortage.

Local councils, housing associations and a range of other organisations including community and voluntary groups are being invited to bid for money from a £300million pot of funds, in order to tackle the number of empty and run down houses in the Greater Manchester area, which could help rejuvenate often blighted local areas.

With a nationwide council house waiting list of over four million people, we think this is a great idea, as it will help tackle the plethora of empty run down properties to be found throughout the UK. Furthermore, it will hopefully help alleviate the vicious cycle where one run down home can bring an area down, which can then spiral into whole communities being affected.

Recent government figures show the number of empty homes is already decreasing, having dropped from 300,000 in 2009 to 259,000 in 2012.

At The House Crowd, we purchase BMV properties which are often unliveable in when we acquire them, and regenerate them into attractive homes before renting them out, providing affordable housing in areas that are often desperately short of housing.  And all of which still delivers an excellent return on investment for our investors.  So we’re providing a community service with the help of our investors, whilst still providing them with a better return on their investment than they would find with any bank.

The House Crowd is a brand new concept in property investment which allows people to invest small amounts via crowdfunding (for more information on the process, visit www.http://thehousecrowd.com/thehousecrowd//how-it-works/). We are committed to breathing life into empty, rundown properties whilst giving investors great returns on their investments (for more information about us, visit www.http://thehousecrowd.com/thehousecrowd//about/our-manifesto/). If you’ve read enough and want to invest now, visit www.http://thehousecrowd.com/thehousecrowd//invest-in-property/).

The Manchester Mortgage

Manchester City Council looks set to announce a ‘Manchester Mortgage’ in the coming weeks, offering first-time buyers in the city a mortgage with just a five per cent deposit on properties up to the value of £142,500.

The scheme, which is similar to programmes already in place in nearby Oldham, Trafford and Rochdale, will see the council help struggling home-buyers access mortgages through Manchester Building Society and the Co-operative Bank, by underwriting up to 20 per cent of their loans.

It is anticipated the scheme will receive final sign-off -with a maximum £6m risk- from the council’s executive committee in late November.

Here at The House Crowd, we believe any reputable scheme aimed at providing a pathway to home ownership should be applauded. However, given that the council stands to receive at least £500 from partner lenders for every loan set up under the scheme, as well as boosts to council tax revenues, it is important to reiterate that programmes such as this need to be implemented with wholly transparent purposes to be successful. Here’s trusting this one is…

The House Crowd offers an alternative solution for first-time buyers struggling to raise a deposit for their first home. For as little as £1000, our crowdfunding property investment model provides a minimum annual return of 6%, in addition to a share of house sale profits – ideal for growing your deposit in order to take your first step onto the property ladder.

The House Crowd is a brand new concept in property investment which allows people to invest small amounts via crowdfunding (for more information on the process, visit www.http://thehousecrowd.com/thehousecrowd//how-it-works/). We are committed to breathing life into empty, rundown properties whilst giving investors great returns on their investments (for more information about us, visit www.http://thehousecrowd.com/thehousecrowd//about/our-manifesto/). If you’ve read enough and want to invest now, visit www.http://thehousecrowd.com/thehousecrowd//invest-in-property/).

Rejuvenating Manchester High Streets

Rejuvenating Manchester High Streets

In August of this year, we blogged about ‘Town Team pilots’ being rolled-out in the wake of Mary Portas’ High Street Review and the value of such entrepreneurial approaches to rejuvenating Manchester high streets, and across the country. You can read the blog post here.

Following on from this, it has recently been announced that Manchester Council is to inject more than £300,000 to breathe new life into Greater Manchester high streets – specifically, Levenshulme and Cheetham Hill precincts after they both missed out on cash from the Government’s Portas Pilot programme.

Funding for Manchester High Streets

Both of the aforementioned areas did receive £10,000 consolation funding from the Government after bids for greater funding failed earlier this year. However, Manchester Council’s decision to provide far greater funding to promote these Manchester high streets, drive shopper footfall and help bring fledgeling local businesses on to the high street is significant and likely to achieve long-term results.

A council spokesperson has already talked-up the benefits of tackling aesthetically displeasing unfilled premises in the funded areas, however, here at The House Crowd, we believe the true value of the newly announced funding will be to attract further private development, transport investment and leisure facilities – all of which are central to increasing property value and key ingredients for building self-sustaining inner-city communities.

The House Crowd and Property Crowdfunding

Property crowdfunding is now taking the investment world by storm, following our brave debut onto the scene in 2012. We were the first (and continue to be the best) platform for property crowdfunding.

We are proud to offer better returns on investment than many other investment models, and allow people previously locked out of the property market to benefit from the lucrative world of property investment. What’s more, we’re helping bring much-needed new homes across the Greater Manchester area.

For more information on the process of getting involved with property crowdfunding, visit our Crowdfunding Process page.

We are committed to breathing life into empty, rundown properties whilst giving investors great returns on their investments.

To find out more about getting great returns on investment with The House Crowd, start by getting to know us here.

Donating a fair share back into Manchester’s communities

At The House Crowd, we take great pleasure in breathing new life into empty unloved homes and communities, in order to provide good value, quality housing for those who need it most. Couple this with our love for Manchester and its surrounding areas, and it’s clear to see why we recently chose to donate a £1000 share in our next buy-to-let project to Forever Manchester, the community charity for Greater Manchester.

Our donation to Forever Manchester will guarantee at least a £60 return in the first year alone, in addition to a significant amount of money upon sale of the property.  We are excited in the knowledge that through Forever Manchester we will be helping to provide support for neighbourhoods and communities across Greater Manchester, with better places to live and valuable activities to get involved in.

Nick Massey, Chief Executive at Forever Manchester, said: “The generous project share provided by The House Crowd is fantastic and will help to support the work we carry out across the region for people of all ages, from all backgrounds. The House Crowd takes a place amongst our exclusive Manchester Million Club of generous organisations keen to support our work. This is a fantastic example of charity, the Mancunian way.”

We know we’ve donated to a great cause and cannot wait to watch our donation to Forever Manchester grow with a minimum return of 6% a year, plus a share of profits upon sale.

The House Crowd is a brand new concept in property investment which allows people to invest small amounts via crowdfunding (for more information on the process, visit www.http://thehousecrowd.com/thehousecrowd//how-it-works/). We are committed to breathing life into empty, rundown properties whilst giving investors great returns on their investments (for more information about us, visit www.http://thehousecrowd.com/thehousecrowd//about/our-manifesto/). If you’ve read enough and want to invest now, visit www.http://thehousecrowd.com/thehousecrowd//invest-in-property/).

Social housing tenants – left out in the cold?

For a variety of reasons, those claiming housing benefits have received a large amount of bad press over the last couple of years and continue to be the subject of contentious public opinion.

For landlords, the argument in favour of social housing tenanting has not been helped at all by those who flagrantly cheated the UK’s welfare system and left substantially tainted opinion in their wake.

However, it’s the common-sense responsibility of landlords to rise above stereotyping the majority of social housing tenants because of well-publicised and likely over-hyped, misdemeanours of a minority. Research has shown the bulk of people on housing benefit are decent people who regard the place they live as a permanent let, rather than a short-term solution.

Additionally, for those quick to judge housing support, it’s worth remembering that a high proportion of people receiving housing benefit are aged over 55 and have contributed much to society and tax pots throughout their working lives, and are only now in need of support as they head into retirement.

Our perspective at The House Crowd is that short-sighted landlords, who form part of the growing number of landlords leaving the LHA market, should ask themselves whether they can actually afford to abandon such a substantial part of the private rented sector when our industry is still recovering from such challenging economic circumstances.

The House Crowd provides an ethical investment opportunity in which profits are shared – what we like to term “Caring Capitalism”. We seek out repossessions through liquidators and asset management companies, allowing us to offer our investors excellent returns, as well as breathing new life into empty homes and providing quality housing for those who need it most.

The House Crowd is a brand new concept in property investment which allows people to invest small amounts via crowdfunding (for more information on the process, visit www.http://thehousecrowd.com/thehousecrowd//how-it-works/). We are committed to breathing life into empty, rundown properties whilst giving investors great returns on their investments (for more information about us, visit www.http://thehousecrowd.com/thehousecrowd//about/our-manifesto/). If you’ve read enough and want to invest now, visit www.http://thehousecrowd.com/thehousecrowd//invest-in-property/).