What is the PSL Scheme?
PSL stands for Private Sector Leasing, and at present there are two versions of the Scheme namely PSL and Choice, each approved between the Council and the Government. Argyle Leased Estates Limited is responsible for PSL and Argyle Managed Estates Limited is responsible for Choice. Hereafter, both companies will be referred to as Argyle. Local and central government strategy and planning for housing is continuously being reviewed to reflect various factors, including changes in demographics, the economy and the political values of the government in power. As such, any scheme is potentially subject to alteration or for new initiatives to be introduced. Depending on council demand, your property will be submitted to either of the above schemes. For this purpose, there is an assignment clause whereby the lease can be assigned between Argyle Leased Estates Limited and Argyle Managed Estates Limited. It makes no difference as to which scheme your property is assigned as you will be paid you
