Sustainability runs through everything we do from our business model to the homes we help people buy and nurturing the communities in which they live. It starts with our mission – to help people move into their own new home, save for a deposit and ultimately buy that home.
And it continues into the homes we help them buy –
When it comes to building strong and stable communities, we enable people on lower incomes to create homes where they want to put down roots and bring up their children. In doing so they withdraw from housing waiting lists or free up social housing that can be reallocated to those in greater need.
Residents tell us that moving into a Rentplus home relieves the mental strain so often felt when trying to save for a deposit while paying rent.
Finally, when one of our homes is sold we replace it on a one-for-one basis, ensuring a long-term, sustainable supply of attractive, affordable housing.
Rentplus has been working with the Good Economy to ensure that sustainable development runs through our entire portfolio.
Our 2022 Annual Impact Report demonstrates our commitment to positive environmental, social, and governance (ESG) outcomes. Rentplus provides an affordable rent-to-buy housing model to help working households who cannot afford homeownership purchase their own home. Key features include:
The report shows Rentplus homes are high-quality and energy efficient, with 89% having an EPC rating of B or above and 73% meeting space standards. 84% of residents surveyed were satisfied, and 62% reported improved mental health after moving in.
Rentplus increases affordable housing supply by investing in areas with low investor demand, including small rural developments. 66% of its properties are in substantially rural locations.
So far, 22 Rentplus homes have been sold with 85% selling to the tenant who is now buying 100% of their home. All have at least 10% equity thanks to the gifted sum from Rentplus and some, with their savings, managed a 25% equity, requiring a 75% LTV mortgage, with the gifted sum and their savings. This demonstrates the Rentplus model’s ability to improve access to homeownership and that Rentplus turns renters into homeowners.
Overall, the report shows Rentplus delivers on its ESG commitments by providing high-quality, discounted rental homes and helping residents achieve the dream of homeownership.
CEO Steve Collins said: “At Rentplus, we believe that access to quality and affordable housing is a right, not a privilege. We are proud that our innovative rent-to-buy model is helping working households overcome barriers to homeownership and improve their financial resilience. By providing discounted, energy-efficient rental homes and contributing to deposits, we are supporting better lives and empowering people to have stability and control over their housing situation.”
“As the impressive results from our 2022 Annual Impact Report show, we are delivering on our mission and ESG commitments. But more importantly, we are helping ordinary working families achieve their dreams.
“That’s the impact our team believes is the impact that really matters.”
You can read the full report here.
Rentplus – Website one-pager (overview of IMM and ESG approach) v2.0 (002).docx