Build-to-rent developer adopts no-fees rental model

One of the UK’s largest build-to-rent landlords has moved to a no fees and lowered deposit model for tenants at its flagship development. Be:here, which is the build-to-let arm of developer Wilmott Dixon, has revealed that tenants at its Gatefold development in Hayes, West London will no longer be charged to updated contracts when sharers change or have to pay admin fees, letting fees or processing fees. Also, tenants will now only be required to put a month’s deposit down when moving in, down from six weeks. The build-to-rent company says the change is “driven by a desire to make moving as cost effective as possible for tenants”. Be:here also has an unusual approach to pets, each of which is charged a £20 monthly rental. It also does all of its letting in-house rather than using an agent and says the latest announcement means the site now offers no-fees renting. Its Hayes site, which used to be a vinyl records factory, has 119 apartments and as well as interiors designed by furniture retailer Habitat, offers one bedroom apartments to rent rom £1,200 a month and two-bedroom apartments for a two-bed unit. Three-year contracts Be:here has used the build-to-rent site to…

Read More »