Private Rented Sector
An increasingly mobile workforce, rising house prices, tighter mortgage requirements by lenders and a desire for a living experience that embodies a community spirit has led to the growth of the Private Rented Sector (PRS). Fuelled by increasing demand for Build to Rent (BTR) and co-living housing, there has perhaps never been a wider breadth of choice for modern-day renters.
By working together with our developer clients, we aim to deliver stronger, more meaningful communities that meet the demands of an ever-growing segment of the population that are seeking an alternative to traditional build to sell housing.
We consider each potential development project on its own merits but below gives an indication of some key considerations when appraising a new PRS scheme.
- Borrower experience in the private rented sector
- Location of the scheme
- Appropriateness of the scheme’s unit composition and size of units
- Level of amenities and overall service offering which will be provided to residents
- Operator experience
- Viability of exit plan e.g. refinance or sale