Building local communities
Working with Rentplus is a new approach for housing associations looking to expand their housing portfolios to gain a greater choice of affordable housing tenure while alleviating housing waiting lists without the need for additional borrowing.
The Rentplus model allows housing associations to accommodate tenants who can work to achieve financial independence in owning their own home. Our partner housing associations aim to work closely with tenants to establish regular rent payments and strong credit ratings to support tenants’ mortgage applications. As tenants are aspiring home owners, housing associations should see secured rent payments throughout the tenancy terms and increased tenant satisfaction levels.
This pioneering new model will allow housing associations to adopt an entrepreneurial approach to supplying affordable housing. Rentplus has strong financial backing, helping to remove the often-lengthy procurement process associated with building new homes and providing a greater opportunity to work in close partnership with local authorities to reflect the wider needs and values of the local community.