First Homes: the Rentplus response

Jun 4, 2021

It’s critical that more is done to help people get on the housing ladder and the First Homes scheme is a welcome initiative. However, the scheme does not solve all the problems facing aspirant homeowners on low incomes. The deposit barrier will still remain an issue for many – 61% of private renters cannot save money at all after paying bills each month, meaning First Homes are still out of reach.

It’s imperative that the Government delivers on its desire to see public sector housing bodies embrace private investment and adopt schemes that allow those who struggle with even a reduced deposit to get onto the housing ladder. This should be done at pace in order for the country to deliver more affordable homes

Rentplus is already working with forward thinking housing associations and local authorities, removing the deposit barrier and giving families across the country the chance to own 100% of their home. 


Steve Collins
CEO Rentplus-UK

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