House builders ready to move in to buy-to-let | Property118.com
Britain’s leading house builders are looking at changing their business models by moving in to buy to let as buyers struggle to raise mortgages for new homes.
Barratt Developments – the biggest firm with brands Barratt, David Wilson and Ward – is offering a limited sale and leaseback terms to buy to let investors.
The company is also looking at joint ventures on a much larger scale with property investors, starting with building 1,000 homes for rent in London.
Redrow is also switching from building homes for first time buyers to developing larger properties for families moving home.
Both builders are seeking to distance their businesses from reliance on first time buyers and blame ‘chronic’ mortgage availability for strangling the house building market.
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