The following Property practice note provides comprehensive and up to date legal information covering:
This Practice Note:
discusses the development of the large scale private rented sector (PRS)
considers the Government’s incentive package for Build to Rent (BTR) in the form of the Home Building Fund (HBF) and the Private Rented Sector Housing Guarantee scheme (PRSHG scheme)
explains the current market context and some of the structures by which large scale BTR accommodation may be delivered
considers the potential for the delivery of affordable private rent (APR) as part of a development particularly in the light of the planning practical guidance (PPG) on BTR
outlines the common routes for local authorities to be involved in BTR
Data from the English Housing Survey 2016-17 published in July 2018 which covered over 23 million households in England, shows that the PRS accounted for 4.7 million households across England, in comparison to 3.9 million in the social rented sector. Therefore PRS accounts for approximately 20% of all households and is the second largest tenure type after owner occupation (which accounts for 63% of all households).
Decades of buy-to-let private landlord activity has fuelled an increasingly fragmented PRS with well over 90% of stock currently in the hands of individual landlords and small corporate entities. While much of this stock is of good quality and well managed, this is not always the case.
There is undoubtedly a link
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