The high demand for rental properties attracted the attention of large-scale investors, creating the Private Rental Sector (PRS), and Build to Rent (BTR) sector. These are whole, unbroken freeholds, where all units are let to private tenants.
Over the past few decades, the market has become a tougher environment for purchasers of homes in the UK, and this market condition is only getting tougher with our ever-growing population. The difficulty in being able to purchase a new home is creating an influx in demand for rental stock that was not seen in decades prior.
The high demand for housing attracted the attention of large-scale investment, and thus the PRS model was formed. Following this, in low yield areas, some funds decided to take on the development of the projects too, creating BTR.
We have dealt with a number of these funds over the years and where the product and due diligence is not dissimilar from ground rents, so we can provide you with second opinions on legal matters in this area too. We have a host of buyers, from Singaporean family trusts to pension-backed, Jersey based, long term income funds, so you can be assured that we are putting your product in front of a range of buyers to achieve the best price.
Forward funding payment structures are available for developers, which can be used to reduce a developer’s build costs.
We are open to receiving land-led, joint venture or turnkey opportunities. Turnkey opportunities can consist of pepperpotted units remaining within a development.