Rentplus is the leading affordable rent to buy provider supporting local key/essential workers and other aspirant homeowners unable to save into homeownership.
Our model supports the NPPF criteria for affordable housing and routes to home ownership and has been adopted by nearly 70 councils across England. We buy new homes, lease them to HA/RPs for 20 years, providing them with rental income. Local aspirant homeowners move in with no deposit, pay affordable rent for 5-20 years, giving them time to save and build good credit. When they buy, we gift 10% towards their savings and they are buying 100% of their home.
In 2016, the first Rentplus tenants moved in with no deposit. In 2021 they secured high street mortgages, buying 100% of their home. With the 10% gifted sum from Rentplus, some had c20- 25% equity. As at December 2023, 95% of Rentplus tenants bought the home they were living in at the appointed time.
Rentplus turns renters into homeowners. More at Rentplus-uk.com
Meet the Rentplus tenants (149.43 KiB)
Rentplus tenant demographics can be found online rentplus-uk.com/wp-content/uploads/2024/03/Newsplus-Winter-2024-v4.pdf
Rentplus turns renters into homeowners (2024)
Rentplus success in first sales to tenants (2022)
Helping local key workers move out of rented into homeownership (2020)
Rentplus - the beginnings (2019)
Rentplus affordable rent to buy homes 2016-2024