Rent to Buy allows aspiring homeowners to save for a deposit while putting down roots, but planning policy needs to encourage investment in the tenure, says Steve Collins of Rentplus.
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Significantly increasing the construction of homes that can be made available as affordable rent-to-buy options could be the solution for the housing crisis experienced at the moment. The Government has an opportunity with the upcoming Autumn Budget to show that they are in support of this innovative solution.
Chris Chope MP (Conservative, Christchurch) yesterday called on the Government to include a specific definition of affordable rent to buy in the NPPF during his Ten Minute Rule Bill introduced to the House of Commons. The motion read:
Rentplus UK Ltd, the leading provider of affordable rent-to-buy homes, today announce the appointment of a new Chief Executive. Steve Collins has been appointed and takes up the new role with immediate effect. Steve has been hired to build on the business’ successes of the past three years as it charts a course for growth.
Richard Connolly, CEO Rentplus, discusses the place of institutional investment in the affordable housing sector, the importance of working collaboratively and the need to provide alternative housing options. Successive governments have stated that housing is a top priority, yet in two decades the UK has had 15 housing minsters, the numbers of homes being built has not kept pace with population needs and the cost of housing has spiraled.
In her closing speech at this week’s Conservative Party Conference, the Prime Minister promised to provide an extra £2 billion help fund the building of more council and housing association homes – but one specialist in affordable housing claims the government hasn’t gone far enough.
Rentplus, an innovative provider of rent-to-buy homes, and Tamar Housing, a leading housing association in the South West, announce the construction of 11 affordable rent-to-buy homes in North Tawton, West Devon. This new deal expands Rentplus’ presence in Devon to four rent-to-buy sites.
Rentplus, an innovative provider of affordable rent-to-buy homes, and King Street Housing Society (KSHS), a Cambridge based housing association, today announce the first affordable rent-to-buy homes in Cambridgeshire. The four new affordable rent-to-buy properties will form part of a 16 home development by Larkfleet Homes in Doddington, in the Fenland District Council area.
Rentplus, an innovative provider of affordable rent-to-buy homes, and Tamar Housing, a leading housing association in the South West, announce the first affordable rent-to-buy homes in the village of Sparkwell on the edge of Dartmoor National Park. This latest partnership between the two organisations means they are now working together to deliver affordable housing on six sites across Devon and this is the second scheme of theirs to benefit residents in South Hams.
Rentplus and Wellingborough Homes sign ambitious deal to deliver Northamptonshire’s first rent-to-buy homes
Rentplus, the leading provider of affordable rent-to-buy homes, and Wellingborough Homestoday announce a new partnership to deliver the first affordable rent-to-buy houses in Northamptonshire. For Rentplus the deal marks the first step to fulfilling their ambition of delivering over 500 rent-to-buy homes in the county by 2020. Rentplus’ new homes will offer an affordable pathway to homeownership for working families in the area.
Rentplus are pleased to be sponsoring the LGA Conference at the ICC in Birmingham 4- 6 July 2017 and taking their message of Rentplus- Rent, Save, Own to a wider audience. Come and see us on Stand B13
Affordable housing provider Rentplus urges new Government to support privately funded affordable housing models to deliver more homes
Potentially £40 billion worth of private investment already up for grabs from 130 investors.
Rentplus, the leading provider of affordable rent-to-buy homes, and their partner Harrow Churches Housing Association (HCHA) were delighted that the Mayor of Bicester was able to formally open the first rent-to-buy development in at Stratton Park, Bicester, and welcome the tenants to their brand new homes.
Brand new Renplus homes in Saxon Fields, Cullompton are near completion. Built by Barratts, the 2 & 3 bedroom properties will be occupied in June 2017.
Homelessness and housing charity Shelter, has revealed that one in three renters on low wages need to borrow cash to pay their rent – data which once again throws into stark reality the severity of the affordable housing problem in England.
The proposals in the White Paper are to set out how the Government intends to boost housing supply and, over the long term, create a more efficient housing market whose outcomes more closely match the needs and aspirations of all households and which supports wider economic prosperity.
Residents in the South Hams are set to benefit from the first affordable rent-to-buy homes in the area, providing the opportunity for six local households to one day own their own home.
Given the UK Government has conceded the housing market is broken it is no surprise that we are suffering from a housing affordability crisis. The problem is particularly acute for our public sector key workers and local working households – the people who keep our towns and cities running. These are ordinary people, including nurses and teachers, who have endured sluggish pay growth while the cost of living has continued to spiral in recent years.
At Rentplus we fervently believe that rent-to-buy housing is a big part of the solution to fixing our broken housing market. Rent-to-buy is an innovative and affordable tenure that offers people who aspire to own their own home, an opportunity to fulfil their aspirations and get onto the property ladder.
Rentplus making inroads in Cambridgeshire and Oxfordshire
Richard Connolly CEO reflects on what was a really good year for Rentplus and the exciting opportunities that are opening up for Rentplus in 2017.
Rentplus, an innovative business providing rent-to-buy homes, and King Street Housing Society (KSHS), today announce a new partnership to deliver the first rent-to-buy houses in Cambridgeshire. For Rentplus the deal marks the first step to fulfilling their ambition of delivering over 1,000 affordable rent-to-buy homes in Cambridgeshire by 2020.
Rentplus and Harrow Churches Housing Association partner to deliver Oxfordshire’s first rent-to-buy scheme
As we rapidly head into the festive season, with people considering their hopes and aspirations for the Christmas period and the following year, we thought we would share some of our own wishes for the new Housing Policy White Paper due to be published in January. We hope the Government makes the most of this opportunity to inject more flexibility into UK housing policy so that their ambitious targets to build homes of all tenures are actually delivered by 2020.
Cambridge is a high-growth city. Home to the eponymous university, a burgeoning tech sector and rapidly increasing house prices. In the Autumn Statement the Chancellor announced that funds will be made available to revive the city’s ‘Varsity’ train line to Oxford and that there would be additional funding for housebuilding across the UK, which Cambridge Council is eyeing up.
Okehampton Open Event
Home ownership remains an important aspiration among the general public in the UK but is it a realistic one? Anecdotally, the answer to this probably varies depending on who you...
After 7 years stuck in the private rental sector in Stoke in Plymouth, the Rafiq family finally have a home to call their own. Muhammad Rafiq, a 46 year old engineer at an...
We agree with the Chancellor’s comments about the effect of unaffordable housing on productivity and delivery of much needed housing and his acknowledgement that “for too...
Having settled into new roles following a turbulent summer, Theresa May’s government has started to reveal its new approach to housing. While there hasn’t been a revolutionary overhaul in policy, there has been a welcome shift in sentiment, which indicates the government is embracing a flexible approach to the solution to the UK’s housing crisis.
The Local Government Association’s (LGA) Housing Commission recently published their preliminary findings on how to tackle the housing crisis. The Commission argues that councils will be able to deliver more homes which are appropriate for their areas, if they are given more authority to make housing and development decisions.
With reports that the government bonus from the Help to Buy ISA cannot be used to pay for a deposit on a home, the challenge of getting a first-foot on the the property ladder just got even harder. Potential first-time buyers already face an incredible struggle.
Moving away from monoculture: the change needed to tackle the housing crisis. By Richard Connolly, Rentplus CEO
We have been watching the government’s Starter Homes policy closely and are delighted that Housing Minister Gavin Barwell has indicated that it will have a broad definition which includes tenures other than home ownership. Richard Connolly CEO Rentplus told Property Week.
Rentplus secures funding for another innovative rent-to-own housing scheme at the Mannamead Centre site in Eggbuckland Road Plymouth where affordable flats will neighbour luxury five-bedroom houses at the site as part of the rent-to-own housing model developed in the city by Rentplus.
The Crestline Investors funding will be used to accelerate the delivery of affordable housing across the UK. We are already in contract to deliver homes in Cambridgeshire, Gloucestershire, Oxfordshire, Essex, Suffolk, Northants, Devon, Somerset, South Hams, Sedgemoor, Plymouth and Bicester by March next year.
Fantastic news for people wanting to own their own homes, Rentplus is making home ownership even more of a reality with additional secured funding for properties across the country.
Lechlade properties now available! We're delighted to announce the practical completion of the first 2 three bed properties at Lechlade.
The Department of Communities and Local Government (DCLG) has released its latest English Housing Survey – data which throws into stark relief the nature and extent of the...
Seven MPs gathered for an early meeting at Westminster at the start of July to hear about the growth of affordable rent-to-buy housing. A longstanding champion of rent-to-buy, Gary Streeter MP kindly hosted a breakfast briefing for us at Portcullis House on 6th July.
Richard Connolly, Chief Executive Officer at Rentplus, comments on the Local Government Association’s housing commission’s preliminary findings paper which was published today:...
Richard Connolly, Chief Executive Officer at Rentplus, comments on the latest statistics on Help to Buy from the DCLG
“It is of course encouraging to see that the government’s Help to Buy equity loan scheme has helped tens of thousands of first-time buyers onto the property ladder over the last...
We’re delighted to announce the first practical completions of our Rentplus homes in Lechlade will be this August
When the Housing and Planning Bill emerged from parliamentary ping-pong and passed into law in May it was not the end of the story. The Department for Communities and Local...
Director of Programme Delivery; Finance Manager; and New Business/Project Manager
Last week the Royal Assent was given to the Housing and Planning Bill, passing what has been one of the most highly contested pieces of legislation ever into law. The Queen’s...
Come and visit us at the Housing Plymouth 2016 event on Saturday 18th June at the Royal Parade Piazza, Plymouth
We announced some fantastic news last week which is a significant milestone in our ongoing mission to deliver homes for working people to rent and ultimately own.
Two BAE Systems pension funds are investing in UK affordable housing provider Rentplus, with their in-house manager having approved an initial £35m investment (€44m) that may be followed by a further commitment of the same size
Rentplus-UK, the rent-to-buy homes provider, has secured up to £70m to help it deliver 580 homes out of its initial target to build 5,000 new affordable homes by 2020
Rentplus-UK, the rent-to-buy homes provider, has secured up to £70m from BAE Systems Pension Funds Investment Management to help it deliver 580 homes out of its initial target to build 5,000 new affordable homes by 2020
Rent-to-buy homes provider, Rentplus-UK Limited ('Rentplus'), has announced today that it has secured funding to help it deliver 580 homes out of its initial target to build 5,000 new affordable homes by 2020.
A business providing rent-to-buy homes has secured up to £70 million to help it deliver 580 new affordable units.
Millions of pounds from pension funds have been committed to an innovative company providing an affordable way to move from renting to homeownership...
Affordable housing provider Rentplus has secured up to £70m to help deliver 580 homes - out of its initial target to build 5,000 new affordable homes by 2020 writes Bill Tanner.
Rent-to-buy business Rentplus secures up to £70m funding as it aims to build 5,000 affordable homes by 2020
A new business aiming to build 5,000 affordable homes by 2020 has secured up to £70m in funding.
BAE Systems’ pension fund will invest £70 million in a fledgeling rent-to-buy housing provider that aims to build 8,500 affordable homes by 2020.
Brandon Lewis MP, Minister of State for Housing and Planning at the DCLG, visits Palmerston Heights in Plymouth
A Governement minister had given his backing to an innovative housing company formed in Plymouth and making a ‘step-change’ in the delivery of affordable housing nationally.
Read the full article in the Plymouth Herald at: http://www.plymouthherald.co.uk/kind-homes-sale-Plymouth-bid-beat-housing-crisis/story-28647355-detail/story.html
Here are a few photo's from last week's site visit to Palmerston Heights in Plymouth. The first completions are due on Friday 22nd January.
Housing Company Announces 33 Affordable Homes for Aspiring Homeowners
DCLG announces consultation on planning changes to boost opportunities for thousands of families to get on the housing ladder
Palmerston Heights development of 139 homes built to tackle Plymouth’s housing shortage
Rent-to-buy housing company plans to deliver 5,000 affordable homes by 2020
Application for 61 residential dwellings on land south of Puriton Hill
Further details about the Puriton public consultation meeting: Friday 5 June, 5 – 7pm
Rentplus housing model to deliver 5,000 homes over next five years.
A new rent-to-own housing model that will give thousands of tenants their first step onto the housing ladder has been launched with plans to deliver 5,000 affordable homes across England by 2020.
PR – Development of former Mannamead site will provide affordable and energy efficient homes
Work is about to start on a new development of nearly 30 homes on the site of a former community centre, including affordable and energy efficient homes.