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We buy new, attractive, affordable homes from developers under section 106 and let these on 20-year full repairing leases to Registered Providers (RPs), which manage them on our behalf.
Rentplus offers a National Planning Policy Framework (NPPF) compliant model, delivering both as affordable housing for rent and other affordable routes to home ownership.
Local Authorities (LAs) work with the RPs to allocate the homes to people on their housing waiting lists who want to get on the property ladder.
Successful applicants move in and pay an affordable rent for between five and 20 years. This gives them time and more disposable income to save towards a deposit.
At the end of the tenancy they can buy 100% of their home at the market value. When they do so we give them 10% of the property’s value as a gift to boost their deposit.
We replace sold homes on a one-for-one basis, subject to local planning, which become available to new tenants.
Landowners get access to our extensive experience of the planning process and the affordable housing sector.
Our rent-to-buy model improves the viability of new projects, making them more likely to proceed, and can help restart those that have stalled.
It is suitable for key and essential workers, allowing them to put down roots in and contribute to the local economy, making communities more stable and diverse.
All our homes meet and often exceed government building and energy standards and are tenure blind – they look just like the surrounding homes.
Our sell one, buy one, rent one model means we can maintain the number of affordable homes in an area independent of the property cycle.
Our due diligence on all our partners includes financial, geographical and governance checks to ensure we only work with the best.
You can contact your local team here.