Investors offered 6% rental guarantees until 2012

Buy-to-let investors who purchase a new home from George Wimpey Manchester before the end of March will have their gross rental income guaranteed until 2012 through a simple new scheme.

The offer aims to make it easier for would-be landlords to enter the buy-to-let market by guaranteeing a gross rental yield of 6% of the purchase price for the first four years.

The scheme is available on selected properties at a number of George Wimpey Manchester developments including River View, the developer’s popular Tonge Moor site in Bolton.

George Wimpey Manchester’s approved letting agents will make life even easier for new landlords by finding a tenant for them and they’ll still receive monthly rental payments, even if their property is empty.

Anthony Mansfield, regional sales and marketing director, comments: “This is a really straightforward scheme which allows buyers to enter the buy-to-let market safe in the knowledge that they will receive a minimum 6% return until at least 2012.

“Reports suggest that the rental market in the UK remains buoyant and we’re certainly still receiving a great deal of interest from both seasoned investors and those looking to become landlords for the first time. Our homes are modern, well designed, low maintenance and cost-effective to run, making them ideal rental properties.

“The guaranteed rental offer is just another example of our tailor-made schemes that offer real practical and financial advice, making it easier for our buyers to purchase the right property for them.”

Situated off Scowcroft Street in Tonge Moor, River View consists of just 53 properties, including two bedroom apartments and three and four bedroom townhouses.

River View is slightly elevated and so offers views over Bolton town centre, with landmarks being the Parish Church and the town hall clock tower.

Ideally situated just outside Bolton town centre the development is close to a range of local amenities and is only a short drive from Bury. Leisure facilities are varied, with excellent outdoor opportunities provided by the nearby Seven Acres Country Park and the three local golf courses.

River View is also perfectly located for commuters. Conveniently situated between two major motorways in the North West, the M60 and M61, the development offers easy access to the national motorway network.

For further details of the offer, including full terms and conditions, call into the sales information centre off Scowcroft Street, which is open seven days a week, between 10am and 5.30pm. Further details can also be found online at Georgewimpey.co.uk/rental.