Rented Housing

(asked on 7th December 2016) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Communities and Local Government, with reference to his Department's press release 2,000 new homes and thousands of jobs in Birmingham, Leeds and Manchester, published on 1 December 2016, whether his Department will play a role in how those purpose-built rental properties will be marketed to prospective tenants.


Answered by
Lord Barwell Portrait
Lord Barwell
This question was answered on 12th December 2016

DCLG will have no direct input into how rental properties are marketed to prospective tenants. The borrower is an experienced operator in the private rented sector, and their track record, along with the proposed marketing and rental strategy was assessed by the Homes and Communities Agency (HCA) as part of the due diligence process. The HCA is satisfied that the rents assumed by the borrower are at a reasonable market level for locations of strong demand for privately rented homes. We would not usually disclose rent levels on a scheme of this type as doing so may impact on the borrower’s ability to operate in the market.

Reticulating Splines