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Specialisms

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.

Parameters
Asset type Co-living, BTR
Loan size From £10m up to £750m
Maximum gearing Up to 90% of cost & 70% of GDV
Margins from 3.8%

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

Our Specialisms