Government are urged to support privately funded affordable housing

Rentplus is urging all of the main political parties to put aspirant home buyers at the heart of their manifestos and back privately funded, affordable housing tenures such as rent to buy to solve the issue of high deposits required for homeownership.

The firm, which has met with 130 potential funders so far, has already raised £110 million of funding from the City to progress its affordable housing model. It says that a further £40 billion of investment is potentially up for grabs if the Government would lend its support to broadening affordable housing models and tenures.

Saving for a deposit while renting continues to be the biggest obstacle to home ownership, with more than two thirds of people citing this issue as the primary challenge to buying their home in the Building Societies Association’s Property Tracker.

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