Rent To Buy firm put under review by regulator
Summary
The Regulator of Social Housing has placed Rentplus Homes Limited under review amid concerns about possible serious failings. Rentplus operates a Rent to Buy model, acquiring homes built under Section 106 agreements and leasing them to housing associations before eventual sale to tenants.
Why it matters
Surveyors involved in affordable housing, development appraisals or Section 106 schemes should note the regulatory scrutiny of this operator. It may affect confidence in similar tenure models and the delivery of homes tied to local authority agreements.
Key points
- Rentplus Homes Limited has been placed under review by the Regulator of Social Housing.
- The operator buys homes built under Section 106 agreements and leases them to housing associations for 20 years.
- RSH says the review status is used where it suspects serious failings and is investigating standards outcomes.
- Rentplus markets a Rent to Buy model aimed at aspiring first-time buyers who cannot raise a deposit.
Organisations:
Rentplus Homes Limited, Regulator of Social Housing, Rentplus-UK
Regulations:
Section 106 agreements
Locations:
Milton Keynes
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