If the home is sold on the open market the LA receives 7.5% of the price to invest in new affordable homes. We can also replace sold homes on a one-for-one basis, subject to local planning, which become available to new Rentplus tenants.
By adopting Rentplus, councils can increase their social housing stock and choice of attractive, genuinely affordable housing. In some areas, up to 50% of Rentplus residents move from social housing, which frees these up for reallocation. The majority come from local housing waiting lists, which means councils can reduce their own lists without drawing on their own budgets or government funding.
All our homes meet and often exceed government building and energy standards and are tenure blind � they look just like the surrounding homes. Our due diligence on all our partners includes financial, geographical and governance checks to ensure we only work with the best.
In 2021, the first Rentplus sales saw 100% of the planned year 5 homes sold to Rentplus tenants: this compares with just 7% for the government�s Rent-to-Buy scheme.
Rentplus turns renters into homeowners. Contact your local team today.
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