build-to-rent
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Latest property news
Large London landlord scraps tenant deposits
A London Build to Rent landlord which owns the former Olympic athlete’s village in London is to stop asking for tenant deposits. Get Living London, which is also due to open a site in Glasgow and rents out approximately 1,500 homes at its East Village London site (pictured, right) says its tenants will no longer have to pay any deposit. Tenants can also sign up for a more secure three-year tenancy and already do not have to pay any fees at any point in their tenancy. “Where we have led – with no fees and longer tenancies – others have followed. We hope deposit-free renting becomes the norm,” says Get Living London CEO Neil Young (pictured, left). The company has also scrapped any fees and tenants are able to break their tenancy agreement after six months without penalty. But tenants do pay interest at 4% on any overdue rent and must also pay for the apartment to be cleaned when they move out, its sample contract says. Also, the deposit-free deal is only available to tenants who pass referencing, the cost of which is paid by Get Living London. Get Living London is also to return existing tenant deposits, worth…
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Latest property news
SDL doubles its B2R output
SDL Group is set to double its Build to Rent (B2R) business over the next 18 months...
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Features
Is Buy to Rent really the future of the rental sector?
Home ownership is stagnant, as more people now rent their homes. Paul Staley, Director, Private Rental Sector at SDL Group, looks at future housing options.
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Latest property news
Build to Rent scheme gets green light
Bristol City Council has approved a 255 unit Build to Rent (BTR) scheme, ‘ND7’, in Bristol city centre...
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Latest property news
Yo! New rentals scheme lets tenants move in within 48 hours
Company who launched Yo! Sushi is to launch new, built-to-rent homes to revolutionise the rental process.
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Latest property news
London’s DM supports build-to-rent
London’s Deputy Mayor for Housing and Residential Development, James Murray, has identified the build-to-rent sector as a key player in increasing housing supply and is keen to offer more certainty to help it grow. Mr Murray said, “We need to build more homes of all sorts in London, and the build-to-rent model offers an important opportunity to attract investment into new housing in the capital. Build-to-rent can provide high quality, well managed rented homes, including affordable housing, and can potentially deliver new homes faster than conventional developments for sale. I have met representatives of the sector to discuss ways we can work together – we want to support the sector and offer certainty to investors, which is particularly important following the EU referendum result.“
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Latest property news
Countrywide builds-to-rent
Law firm Winckworth Sherwood has advised Vista, the UK residential property fund established via a joint venture in build-to-rent between Countrywide plc and Hermes Investment Management, on the forward purchase of the first phase of Manchester Waters from Rowlinson Constructions for £23 million.
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Features
Goodbye-to-let?
The Chancellor’s tax hit on buy-to-let is damaging, but, says Andrea Kirkby, there are choices for property investors.
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Latest property news
Building the Build-to-rent sector
The United Kingdom Apartment Association (UKAA) has appointed a Chief Executive.
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Latest property news
The UK Apartment Association (UKAA) launches
Homes that were designed and built specifically for the rental market used, generally, to be called council houses. Not any more, councils gave way to housing associations who do indeed still build properties specifically for the rental market but the new Build to Rent sector has a broader remit – homes designed for Generation Rent – and for the future. Now, the first cross-industry organisation dedicated to driving the professionalisation of the sector has been launched. The UK Apartment Association (UKAA) will focus on driving up standards of customer service and delivery to ensure that all renters are given the best possible experience. Its creation has been championed by Housing Minister Brandon Lewis, who is calling on the industry to work together to deliver more homes for rent and better standards for residents. The UKAA says that its aim is to differentiate the multi-family housing market from the amateur ad hoc rental service provided by small-scale landlords that currently make up the bulk of rentals. This is bad news in the longterm for traditional private landlords but it has to good news for tenants, especially those, says UKAA, who are making a lifestyle choice by choosing high quality, branded purpose…
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