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TODAY'S OTHER NEWS

New PRS scheme aimed at buy-to-let investors

Buy-to-let landlords potentially interested in investing in the Midlands may wish to check out a new PRS investment scheme being launched by Belvoir Telford.

The company has teamed up a couple of major housebuilders who are looking to develop tailored properties designed specifically for the private rental market.

The new build schemes are set to range in size from 500 to 1,500 housing units across key towns in the Midlands, with significant opportunities for PRS investment for BTL landlords looking for what has been described by Belvoir Telford as “healthy returns”.

Simon Bell, managing director of Belvoir Telford, said: “This is a very exciting PRS initiative, which is the result of some key research of rental income and appropriate housing mix that Belvoir has conducted over the seven years that we have operated in the Telford area.

“As a result of this research we have identified several Build to Rent opportunities within key growth towns and cities in the Midlands.”

A site in Telford has already been identified as suitable for this PRS scheme, with the potential to deliver a phased development of 170 units.

Belvoir Telford is now actively seeking entrepreneurial investors who are interested in purchasing the first tranche of 50 homes.

Bell added: “I would encourage any investor, whether they have previously considered investing in the property market or not, to contact us for further information on this opportunity to purchase new build homes with low asset management costs, specifically built for the PRS, which would be fully managed by awarding winning Belvoir Telford.”

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