The RSH found serious deficiencies in Rentplus Homes' governance, noting the landlord's inability to demonstrate effective board responses to increasing risks or a robust framework for business planning and risk management. Support arrangements with its unregistered parent company were found to be ineffective in practice, impacting Rentplus Homes' capacity to protect its social homes.
Rentplus Homes is currently experiencing significant liquidity pressures and is developing plans to safeguard tenants' homes from its viability risks. Jonathan Walters, RSH Chief Executive, stated, “Landlords must regularly assess and test their governance arrangements to make sure they are fit for purpose. But Rentplus Homes has failed to do this, which has had serious implications for its financial resilience and ongoing viability.”
Walters added, “Although Rentplus Homes is taking steps to manage emerging risks, it has not yet provided a credible route to resolve them at the pace we expect. We have serious concerns about this case, and are considering further regulatory intervention.”
Rentplus Homes was placed on the RSH's gradings under review (GUR) list in August, following a self-referral in June 2026 concerning the administration of RPA1 Limited, an entity owning approximately 68% of Rentplus Homes' managed properties. Following the publication of this regulatory judgement, Rentplus Homes has been removed from the GUR list.
Based in Milton Keynes, Rentplus Homes manages 283 social homes and reported a turnover of £1.05m for the year ended 31 December 2025. It employs only non-executive directors.
