Property Hawk the landlord's homepage since 2006
Free Tenancy Agreement FREE tenancy agreement
Free Landlord Software FREE landlord software
Home | Property Manager | Free ASTs | Landlord Forms | Mortgages | Insurance | Inventory | Magazine | Landlords Bible | Directory | Forum | Training | News / Blog |

Tuesday, November 18, 2014

Varying interest in PRS from social landlords

Inside Housing have done a piece on the response from developers and social landlords to the Government's  'Build to Rent initiative'. 

The engagement seems to vary across the country. Though some of the Northern Cities are seeing social housing providers attempting to move into the Private Rental Sector, many appear less  interested.

Keith Exford, chief executive of the 60,000-home landlord Affinity Sutton comments -

‘We remain unconvinced that [PRS] is a worthwhile activity for us,’ he says. ‘We don’t believe that private renting is a charitable activity. Therefore, it is a commercial one, and we don’t view the returns on PRS as sufficient. Why would we want to take the profit slowly? The only reason we want the profit is to build more affordable homes.’

No comments: