With the popularity of purchase over renting as strong as ever, it provides affordable homes to tenants who hope to buy - and who are helped to do so - boosting employment and making for thriving neighbourhoods.

And our vision to be the leading sustainable business in this field is already generating significant investment, as stakeholders quickly posted their interest in the pioneering pathway to home ownership and tackling the UK housing crisis.

An ambitious programme to expand across the south of England, East Anglia and the Midlands - part of a planned rollout of the Rentplus social and commercial benefits nationwide – has been approved and we are inviting investors to join a second round of funding to support it.

The size of the UK market is vast, with demand outstripping supply and the National Housing Federation (NHF) estimating that we need some 245,000* new homes a year to meet the growing demand – and more to clear the backlog.

Compounding this, affordability is an issue as declining supply has more than doubled house prices in 40 years and first-time buyers must be richer and have amassed larger deposits to get on the ladder. Rising prices have created a new generation of renters, with those between the ages of 25 and 44* increasingly taking this route.

Nevertheless, 61 per cent of all renters have an ambition to own their own homes one day, with the number of financially responsible, working households and individuals looking for a more permanent housing arrangements running into millions. 

Rentplus currently has more than 1,000 new homes in the pipeline and is working with the local authorities to deliver new affordable homes on mixed tenure developments and  Rentplus villages. 

Rentplus has secured the first £70m of institutional funding as part of an overall plan to raise between £600m and £700m of institutional investment over the next five years to support our expansion across the country. To find out more, please contact the Rentplus team