As part of a four part series examining the rental market in London, Ad Hoc Managing Director Simon Finneran shared some insights into the world of guardianship.
“While the concept has been criticised for not being the final answer to the social housing crisis, it must be recognised that these houses are already empty, so filling them takes a level of pressure off the rental market.
“It reallocates some of the people that would have been either struggling to make ends meet, or reviewing their housing options.
“It therefore benefits local councils, who can revert budgets away from keeping these properties secure in other ways; it benefits the community through regeneration and providing tenants for properties that otherwise could stay empty for a long period of time; and it benefits a wide variety of people, from those struggling to find a place to live to young professionals saving up for a place to buy in the longer term.”
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