Banks do not provide finance for Purpose Built Student Accommodation because of the small size of the units and their lack of private social spaces. They also lack the control they normally seek from an investment – since it is tied to the developer, the management company and, separately, to the tenant.
While this may vary slightly from property to property, funds are generally paid into the buyer’s bank account each quarter in arrears - in the case of the Westbeach Serviced Apartments, for example, payments are biannual. This is an automatic payment, so once you have provided your bank details, you simply need to wait for the money to arrive.
Any purchase of a new build property will be followed by regular construction updates and site photography. All our buyers also receive updates on market shifts relevant to our properties.
We have a dedicated after-sales team who will answer all your queries and liaise with the solicitors every step of the way to ensure a prompt, stress-free exchange.
Our legal partners offer comprehensive advice. They are one of the UK's largest commercial property firms and a member of the UK Law Society. Clients are provided with an experienced property lawyer, available at a fixed, capped rate.
Site visits can be arranged throughout the year but need to be organised in advance. The developer and property agents will be available to answer any questions you may have, along with the management team in operational properties.
You own the property with a 125 to 250-year leasehold ownership agreement, registered at the Land Registry.