The Real Lettings Property Fund
The Real Lettings Property Fund is the largest social impact residential property investment fund in the UK.
With current investment already exceeding £36m, the Fund offers investors a risk adjusted return on an ethical product that finances the purchase of accommodation for single people and families who are formerly homeless or at risk of homelessness.
It has been developed by leading social investment Resonance and is managed in association with social lettings agent Real Lettings, part of the London-based charity St Mungo’s. St Mungo’s has been working with homeless people in London and the south of England for the past 45 years and currently supports almost 25,000 people a year.
The Fund sources appropriate properties for the specialist Real Lettings Property Fund team which houses those who would otherwise have no viable access to quality, private sector accommodation. The Real Lettings team also provides personalised coaching and support for tenants to prepare them for a successful and planned move into independent accommodation.
By the end September 2014, almost 200 homes had either been purchased by the Fund or were in conveyancing. The Fund will take a (likely final) round of investment commitments in mid February 2015, allowing even more homes to be bought.
The Fund is part of an extensive Real Lettings portfolio that also includes a property management programme for buy-to-let home owners, an innovative Empty Homes scheme and a private rented sector “home finder” scheme for people at risk of becoming homeless. These housing options are supported by an expert support system for tenants.
Real Lettings is an accredited landlord through the London Landlord Accreditation Scheme. Every penny made is donated back to St Mungo’s to help fund its charitable work.
More information on the property fund is available here.
Evie (my daughter) likes the flat and it's perfect for my family right now - Real Lettings Property Fund tenant, Ashleigh