The Regulator of Social Housing has expressed serious concerns about a small for-profit landlord which has failed to meet its governance or financial viability requirements.
RSH found serious failings in Rentplus Homes Limited’s governance arrangements, with the landlord unable to demonstrate that its board has effectively responded to increasing risks, or that it has a robust business planning and risk management framework.
Arrangements with its unregistered parent company to provide support failed to operate in practice, negatively impacting on Rentplus Homes’ ability to protect its social homes.
Rentplus Homes is now facing significant liquidity pressures and is seeking to develop and implement plans to safeguard tenants’ homes from its viability risk.
RSH Chief Executive Jonathan Walters said: “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.
“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 added to RSH’s gradings under review (GUR) list in August, following responsive engagement triggered by a self-referral to RSH in June 2026.
The self-referral concerned the administration of RPA1 Limited, a Rentplus group entity that owns approximately 68% of the homes managed by Rentplus Homes.
Following the publication of the regulatory judgement, Rentplus Homes has now been removed from the GUR list.
The full regulatory judgement can be found on RSH’s website.