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For many years the Government has indicated it would like to see the UK's private rented sector 'professionalised'. That meant more, large scale landlords funded by pension Gamng money and companies with a long-term view providing consistent service to tenants, and fewer private landlords with just one or two properties in their ownership.

The reduction of tax reliefs available to individual landlords has spurred this transition, encouraging hundreds of thousands of smaller time landlords to sell out while companies have increasingly backed large build to rent projects. In there were estimated to be 2. It is just the latest in a string of this type of announcement, illustrating companies' conviction that tenant demand for purpose built rental accommodation is strong and will continue to grow.

But is build to rent the future of British renting and a game changer for those continue reading in traditional buy-to-rent?

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And what do tenants get from this new generation of corporate landlords? This is Money takes a look. The new housing arm will partner with UK house builders and undertake a direct delivery programme to bring in over 1, homes each year from UK renters increasingly Yggdrasil Gaming Growth Continues With Arrival Of their pick of luxury properties, which landlords claim offer tenants a 'whole new experience' - but are renters really getting better service? Check this out growth of purpose-built high spec rental accommodation is largely down to build to rent schemes which have created a plethora of new apartments and houses specifically designed for renters based in cities.

Richard Berridge, head of strategy and enterprise at the online letting agent Howsy, explains that UK Build to Rent has been modelled on the 'multi-family' housing equivalent in the United States, which now accounts for nearly 47 per cent of the rental sector there. Landlords are corporate investors such as pension funds and insurance companies, and partner with house builders and developers to offer a whole host of benefits including private gyms, swimming pools, roof-top bars, sports pitches, massage treatment rooms, a hour concierge service and laundry collection.

Providers include Quintain, which owns large swathes of Wembley Cobtinues in London, Moda Living and Apache Capital, which are specifically focused on delivering premium apartment blocks across the UK's regional cities, and Sigma Capital, which tends to build and own single-family homes.

In the government set about encouraging institutions and corporations to invest in the private rental sector. According to Berridge, corporate investors are attracted to build to rent by the opportunity to diversify their portfolios with rented residential property, while securing capital growth and reasonably stable yields from rent.

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When completed, the property agent calculates build to rent will account for 3 per cent of the private rental sector. Berridge explains: 'Build to rent is very focused on creating something distinct from the click rental sector in terms of the quality of the homes and the quality and responsiveness of their management.

The aim is for tenants to feel like it's their home. A spokesman for Moda Living, a build Yggdrasil Gaming Growth Continues With Arrival Of rent provider currently operating in Manchester, said: 'In contrast to many amateur landlords, we genuinely care about our tenants, both from a health and wellbeing perspective, but also in offering secure tenure and flexible, dynamic rentals with no deposits click the following article no fees.

Another advantage of purpose-built rental accommodation for tenants is the added security it can promise. How are corporate landlords changing the rental market? While London remains the most popular location for build to rent investors, Savills reports that competition, planning policy and higher costs are causing many investors to focus on other cities such as Manchester, Glasgow and Leeds. But while the number of smaller private landlords has definitely fallen over the past few years while corporate landlord numbers are on the up, Berridge is of the view that the exodus is predominately down to the tax changes introduced in rather than the arrival of build to rent. Whatever the cause, it's likely build to rent schemes will fill the gaps left behind by landlords abandoning the private rental sector.

The sector is already diversifying, offering family houses as well as apartments and catering for different levels of affordability and age groups across the rental sector. To check for the best mortgage deal and speak to an adviser, click here.]