Government urges landlords to act on Decent Homes Standard

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Property118

Government urges landlords to act on Decent Homes Standard

Landlords are being urged by the government to take action now to get their properties up to the upcoming Decent Homes Standard.

In a written question, Labour MP Sharon Hodgson acknowledged that bringing homes up to standard will take time, but confirmed the direction of travel is clear.

All private and social landlords will be expected to comply with the Decent Homes Standard by 2035.

Reduce illness linked to damp

In a written question, Green Party MP Carla Denyer asked: “Whether the Department of Health has had discussions with the Housing Secretary on the potential impact of the 2035 implementation date for the New Decent Homes Standard on incidence of illness caused by i) damp and mould and ii) other poor conditions in the private rented sector.”

In response, Ms Hodgson said the government has been working to tackle damp and mould in the private rented by introducing Awaab’s law, and landlords should start preparing now to meet the standard.

She said: “The Decent Homes Standard (DHS) is part of the package of government action and investment to support improvements in the quality of rented homes, including implementation of Awaab’s Law, the Renters’ Rights Act, and minimum energy efficiency standards. One aim of these measures is to reduce illness linked to damp, mould, and other housing hazards.

“The new Decent Homes Standard prioritises safety, decency, and warmth. The Department of Health and Social Care’s engagement has focused on the health-related aspects of the Decent Homes Standard.”

Take action now

She adds: “Decisions on the implementation timetable have been led by the Ministry of Housing, Communities and Local Government, and informed by consultation with the sector.

“The government expects landlords to begin taking action now to ensure their properties meet the Decent Homes Standard. We recognise, however, that it will take time to plan and deliver works sustainably.

“The Department of Health and Social Care will work with the Ministry of Housing, Communities and Local Government to produce guidance to support implementation of the Decent Homes Standard.”

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Landlords shifting future purchases towards limited companies

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Property118

Landlords shifting future purchases towards limited companies

A clear shift in future buying behaviour is emerging across the UK private rented sector. According to the Property118 Landlord Sentiment Survey Q1 2026, while most landlords still hold property in their personal names, a growing majority would choose to purchase through a limited company if acquiring today.

Based on 2,380 completed responses, although 61% of landlords currently own personally, more than half indicate a preference for company ownership for any future acquisitions. You can review the full findings here.

The implication is clear: the direction of travel is corporate, even if the present reality is not.

A change driven by experience

This is not a trend driven by new entrants, but by experienced landlords reassessing their approach. Many respondents have built their portfolios over time under a different set of rules. As conditions have changed, so too has their view of how property should be held going forward.

The survey data reflects this shift in thinking. Rather than continuing with legacy structures, landlords are increasingly considering how future acquisitions can be structured more efficiently from the outset.

Why the structure matters

Ownership structure is not just a technical detail, it shapes how a portfolio functions. It influences financing options, tax treatment, profit extraction and long-term planning. As portfolios grow and mature, these factors become more significant.

The growing preference for company ownership suggests that landlords are placing greater emphasis on flexibility and control when making future decisions.

A gap between past and future

Despite this shift in preference, most existing portfolios remain in personal ownership. As highlighted in the Property118 dataset, this creates a disconnect between how landlords would choose to operate today and how they are currently structured. Bridging that gap is not always straightforward. Transferring existing properties into a company can involve tax considerations, financing changes and practical complexity, which means many landlords continue to operate within structures that no longer align with their preferred approach.

What this means for future supply

The shift towards company ownership is likely to influence how new rental stock enters the market. If fewer landlords are buying, and those who do are increasingly using corporate structures, the composition of the sector may gradually change over time. This is not an immediate transformation, but a directional one. Future supply may become more concentrated within corporate ownership, while existing personally held portfolios are gradually reduced or restructured.

A sector evolving in slow motion

The data points towards a sector that is evolving, but not uniformly. New decisions reflect current thinking, while existing portfolios reflect the past. The result is a market that operates across two parallel structures, one established and one emerging.

For now, one conclusion stands out: landlords may not be restructuring what they already own, but they are increasingly changing how they would invest going forward.

A quieter theme emerging from the latest landlord data is not about borrowing, but about what is not being done with existing equity. According to the Property118 Landlord Sentiment Survey Q1 2026, a large proportion of landlords now operate with low loan-to-value ratios or no borrowing at all, indicating substantial levels of equity sitting within portfolios.

Based on 2,380 completed responses, the majority of landlords report loan-to-value ratios below 50%, with many holding properties outright. You can explore the full dataset here.

The implication is clear: significant capital exists within the sector, but much of it is not actively deployed.

Equity without direction

For many landlords, equity has built up gradually over time through capital growth and mortgage repayment. This has created a position of financial strength, but not always a clear plan for what that capital is intended to achieve. In some cases, it simply remains within the properties themselves, without being actively utilised.

This is not necessarily a problem, but it does raise an important question:

If the equity is not being used to support growth, income or wider financial planning, what role is it serving?

From growth to preservation

The shift towards lower leverage suggests a broader change in mindset. Earlier stages of portfolio building often involve higher borrowing levels to accelerate growth. Over time, as portfolios mature, the focus tends to move towards consolidation and risk reduction.

The survey findings reflect this transition.

Many landlords are no longer looking to expand aggressively. Instead, they are holding substantial equity while reassessing their long-term objectives.

Opportunity or inefficiency?

Unused equity can be viewed in two ways. On one hand, it provides security. Lower borrowing reduces financial risk and creates resilience against market fluctuations. On the other, it may represent an opportunity cost.

Capital tied up in property is not easily accessible, and if it is not being actively deployed, it may not be contributing fully to income generation or broader financial planning.

This is where the distinction between holding assets and actively managing them becomes more relevant.

A factor in changing behaviour

The presence of significant equity also influences how landlords respond to current market conditions. As highlighted elsewhere in the Property118 dataset, many landlords are planning to reduce their portfolios or exit entirely. When equity levels are high, these decisions become easier to implement. Selling a property with low or no debt is a straightforward way to release capital, particularly if there is no immediate need to refinance or restructure, but is that the best option to choose?

A turning point in how portfolios are used

The data suggests that many landlords are approaching a turning point. Having built substantial equity over time, the focus is shifting from accumulation to utilisation. The question is no longer how to build the portfolio, but what to do with what has already been created.

For now, one conclusion stands out: a significant proportion of landlord wealth is tied up in property, but without a clear strategy, that equity risks remaining passive rather than productive.

Important context: Property118 is not currently recommending Section 162 incorporation for landlords with mortgages while legal uncertainty remains over the treatment of mortgage liabilities. Read our current position here: Why Property118 is not currently recommending s162 incorporation to landlords with mortgages

A conversation worth having?

If you are weighing up your own strategy, whether that’s to sell, expand, or restructure to improve profitibility, it is worth having a discussion with a Property118 consultant to take a closer look at how your portfolio is structured as a whole now, and to forecast the outcomes based on multiple scenario’s.

These conversations are typically most useful for landlords with established portfolios and relatively modest borrowing who are beginning to reflect on how their assets could work more effectively in the years ahead.

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A conversation worth having?

If you are weighing up your own strategy, whether that’s to sell, expand, or restructure to improve profitibility, it is worth having a discussion with a Property118 consultant to take a closer look at how your portfolio is structured as a whole now, and to forecast the outcomes based on multiple scenario’s.

These conversations are typically most useful for landlords with established portfolios and relatively modest borrowing who are beginning to reflect on how their assets could work more effectively in the years ahead.

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Rent rises affect one in three tenants since rental reforms

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Property118

Rent rises affect one in three tenants since rental reforms

Nearly a third of tenants in England have experienced rent rises since the Renters’ Rights Act received Royal Assent six months ago, according to a new report.

Data from SpareRoom shows that 30% of tenants who have stayed in the same rental property during that period have had their rent increased.

The findings come as the Renters’ Rights Act is due to come fully into force on 1 May, when Section 21 evictions will be abolished and fixed-term tenancies will end.

Being a landlord requires work

According to SpareRoom, 28% of tenants in London said their rent had increased since the Act received Royal Assent.

Of those who experienced a rise, 39% said it was due to increased costs for landlords, while 11% said it was because mortgage rates had gone up.

Matt Hutchinson, director of SpareRoom, said: “Given the rental market is supposed to be made fairer by these reforms, it isn’t fair tenants have been at the receiving end of all the upheaval since the 1 May hard deadline was announced.

“On the upside, what we may find is landlords who treat their rentals as a passive income may decide enough is enough, and that’s not necessarily a bad thing. Being a landlord requires work and good landlords know that.

“But there will also be good landlords who’ve decided compliance isn’t worth the hassle and it will be a great shame to lose them.”

Under the Renters’ Rights Act, landlords will only be able to raise rents once a year using a Section 13 notice.

Not all landlords will be prepared

The data also reveals that 11% of tenants in England have received an eviction notice or been evicted since the Act received Royal Assent, with the main reason for eviction (43%) being landlords selling the property.

Mr Hutchinson adds that, although evictions have remained relatively stable, there could still be a delayed impact.

He said: “It would be an exaggeration to say supply in the flatshare market has been immune to the Renters’ Rights Act, but it’s been surprisingly resilient when you consider the response from landlords, many of whom said they planned to quit the market or reduce their portfolios.

“There’s still the risk of a delayed reaction after 1 May. Not all landlords will be as prepared as they should be, and they may be a flight risk.

“However, there are some signs that flatshare supply may now be under threat. Although supply has grown for the past three consecutive years, supply growth in the year to January 2026 slowed considerably.

“The Renters’ Rights Act will give tenants much greater security. The end of Section 21 ‘no fault’ evictions and fixed-term tenancies, and stopping landlords asking for several months’ rent in advance are truly game changing for tenants. What it’s unlikely to do, in the short term at least, is significantly reduce rents, but it is a huge step forward in correcting the power imbalance.”

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Have any landlords here used part exchange or quick-sale property companies?

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Property118

Have any landlords here used part exchange or quick-sale property companies?

I am a long-time reader of Property118 and would be grateful for the views of others who may have direct experience of something I have been thinking about recently.

My perception is that many UK property developers seem to have tie-ups with companies that help facilitate part exchange deals. In other words, the developer promotes the service, but another business may actually handle the purchase or onward sale of the existing property. That may be a misunderstanding on my part, which is why I am asking.

It made me wonder whether similar companies might also be useful for landlords who want to sell residential property without going through the usual estate agency route.

When people talk about selling through an agent, the focus is often on achieving the highest possible price. That is understandable, but in the case of rental property, the true cost of selling might be more complicated. For example, if the property is tenanted, some buyers will only proceed with vacant possession. That can create a number of issues, such as:

• the cost and delay of obtaining vacant possession
• the risk of tenants stopping rent once notice has been served
• legal costs if matters become contested
• mortgage payments continuing during the process
• insurance and utilities still needing to be paid
• council tax, sometimes at higher rates once empty
• loss of rental income during any void period
• redecorating to make the property saleable
• replacing tired carpets or flooring
• updating kitchens or bathrooms to attract owner-occupier buyers
• gardening, clearance, and general presentation costs
• estate agency fees on completion
• months of uncertainty while waiting for a buyer
• chains collapsing or buyers renegotiating late in the day

By the time all of that is added together it’s a lot of hassle and what’s the true cost?

On this basis I can see why some landlords might accept a slightly lower price in exchange for:

• speed of sale
• certainty
• no chain
• fewer viewings
• less stress
• quicker access to capital
• avoiding months of holding costs

For landlords with one property, or larger portfolio owners looking to reduce holdings, that could potentially be attractive in the right circumstances. On the other hand, I appreciate there may be downsides such as lower offers, hidden costs, or deals being renegotiated later.

I would therefore be very interested to hear from readers who have used any of the following:

• developer part exchange schemes
• quick house sale companies
• property buying firms
• auction sales
• assisted sale services
• any other alternative route to sell rental property quickly

If you have used one, was your experience positive or negative?

Did they offer a fair price?

Did the transaction complete smoothly?

Would you use them again?

If you have never used one, would you consider it, or would you always choose the open market?

I suspect many landlords may face this sort of decision over the next few years, so real experiences could be helpful to others.

Many thanks in advance for any replies.

EDITORS NOTE

If you are a company providing these types of services we would very much like to hear from you. Please see our contact us page

If you are a Property118 reader and are weighing up your own strategy, whether that involves holding, restructuring, or reducing your portfolio, it is worth stepping back and reviewing how everything fits together.

Our consultancy does not start with a recommendation. It starts with understanding what you are trying to achieve, and whether your current structure supports that.

These conversations are typically most useful for landlords with established portfolios and relatively modest borrowing who are beginning to think about how their assets will serve them over the next phase.

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Landlord possession cases surge ahead of PRS reforms

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Property118

Landlord possession cases surge ahead of PRS reforms

Landlords are accelerating possession activity ahead of the Renters’ Rights Act being implemented on 1 May, with activity rising sharply as existing routes remain open.

Figures released by Landlord Action show instructions rose by 60% in March compared with the same month last year.

Enquiries climbed 75%, the largest monthly increase the firm has recorded.

The uplift comes as the Act removes Section 21 and redirects landlord possession cases towards a court-led route.

Said this would happen

The firm’s founder, Paul Shamplina, said: “This is exactly what we said would happen. As Section 21 is phased out, landlords are acting now while they still have certainty, because many are not confident in what replaces it.

“From the conversations I have been having with landlords across the country, there is still a great deal of confusion about how possession will work in practice, alongside growing concern about compliance, court delays, rent arrears and rising mortgage costs.

“That combination is pushing landlords into making decisions earlier than they otherwise would.”

He added: “Some landlords are choosing to exit the sector altogether, while others are regaining possession now rather than risk being unable to do so later.

“While possession activity will inevitably slow once these changes come into force, much of the damage will already have been done.

“Good landlords leaving the market and tenants losing homes in circumstances where, previously, no action would have been taken.”

Possession case grow

Across the first quarter, possession instructions were up 32% year-on-year, while enquiries increased by 23%.

Instructions are rising more quickly than enquiries.

Landlord Action says that landlords who had paused are now moving, and moving faster, progressing cases that had previously been delayed.

Section 21 still dominates possession work handled by the firm and in March, it was used at almost three times the rate of Section 8.

Section 21 evictions increase

In the first three months, Section 21 instructions increased by 43% year-on-year.

This volume of cases will shift into Section 8 once Section 21 is removed, bringing more claims into the courts where many would not have required that route before.

Even a partial transfer of these cases adds to existing court workloads.

What has largely been an administrative process becomes court-driven, with longer timelines and more procedural steps for both landlords and tenants.

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Renters’ Rights Act sees ‘hobby landlords’ leave the sector

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Property118

Renters’ Rights Act sees ‘hobby landlords’ leave the sector

Hobby landlords are increasingly leaving the PRS because of the Renters’ Rights Act, while other landlords will increase tenant checks and tighten letting criteria, raising questions about rental home access for some potential tenants.

Those are the views of Louisa Sedgwick, the managing director of mortgages at Paragon Bank, who was speaking on a podcast hosted by Tom Bill, the head of UK residential research at Knight Frank.

She said landlord behaviour is shifting ahead of the 1 May start date.

Ms Sedgwick pointed to changes around rent in advance and affordability checks, which are beginning to influence decision-making.

Landlord behaviour changes

She said: “I think what will happen without a shadow of a doubt, and you are already seeing this, is that the due diligence that landlords will do on any new tenant will be significantly higher than it has been in the past.

“A tenant can now no longer pay rent in advance, and that might have been a way to secure a property if they had a previous poor credit history or they weren’t working or relying on universal credit.”

She added: “We’ll see more vulnerable tenants not being able to secure properties as a result of the Renters’ Rights Act.”

Landlords are leaving

Ms Sedgwick said a combination of tax changes and higher stamp duty is feeding into landlord exits.

She said: “There is absolutely a move towards hobby landlords leaving the sector.

“It just becomes harder, and I think this is kind of the point where landlords say, unless I’m going to do this either as a full-time role or certainly concentrate and focus time and effort on making sure that I can make this a viable business, then I’m actually going to move out of the sector.”

Rental stock decline

Tom Bill said rental home supply continues to influence conditions.

He said: “The decline in available stock means tenants are competing more intensely in some parts of London.

“Landlords who remain are operating in a market where yields have adjusted alongside weaker sales prices.”

Ms Sedgwick also outlined her involvement in discussions with government and industry bodies during the legislative process.

More problems to come

She said: “My feeling was that this was in the Labour Party manifesto, and as such, they were going to implement it.

“So, regardless of whether or not they understood and were listening, I think that they’d reached the point where there was just no going back on this particular change in legislation.”

Further changes to rented homes will come with the Minimum Energy Efficiency Standard requirements, targeting an EPC C rating by 2030.

Ms Sedgwick said: “This particular change in legislation I think is going to be bigger and potentially more demanding because I don’t believe we’ve got the infrastructure to support it.”

Community of landlords

She continued: “We’re talking 1,800 properties per day that will need to be upgraded by October 2030.

“We don’t have the tradespeople because they’re busy building the 1.5 million homes that have been committed to from this government.”

She said the sector is shifting in structure, adding: “You’ve seen the move towards larger apartment blocks with concierges and gyms that have been built by insurance and investment companies.

“It is going to be a community of landlords that do this as part of their everyday roles as opposed to doing this just as a hobby or off the side of the desk.”

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Why landlord sentiment may now matter more than policy announcements

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Property118

Why landlord sentiment may now matter more than policy announcements

Policy changes often dominate headlines, but their real impact depends on how landlords respond. According to the Property118 Landlord Sentiment Survey Q1 2026, landlord sentiment may now be a more immediate indicator of market direction than policy announcements alone. Based on 2,380 completed responses, 57% of landlords plan to reduce their portfolios, while only 6.8% intend to expand. You can review the full findings here.

The implication is clear: policy sets the framework, but sentiment drives behaviour.

From policy to response

Policy changes influence the environment in which landlords operate, but they do not determine outcomes directly. What matters is how landlords interpret and respond to those changes. The survey data captures those responses in real time. It reflects not just awareness of policy, but the decisions that follow. This is where sentiment becomes critical.

Behaviour reflects perception

Landlord behaviour is shaped by perception as much as by fact.

If landlords perceive the environment to be more complex, less predictable or less aligned with their long-term objectives, their behaviour will adjust accordingly. This may lead to reduced investment, increased selling or a shift towards holding.

The survey findings show that these adjustments are already underway.

Why sentiment leads

Traditional indicators such as transaction volumes or price movements are inherently backward-looking, but by the time changes appear in those metrics, the underlying decisions have already been made. Sentiment, by contrast, provides an earlier signal.

The Property118 dataset shows how landlords are thinking before those thoughts translate into action. This makes it a leading indicator.

A shift in focus

Understanding the importance of sentiment changes how the market should be analysed. Rather than focusing solely on policy announcements or retrospective data, greater attention can be given to how landlords are reacting in real time. This provides a more immediate and, in many cases, more accurate view of direction.

A more responsive measure of change

The data suggests that landlord sentiment is becoming a key measure of market movement. As the survey series continues, it has the potential to offer a consistent view of how sentiment evolves alongside policy and market conditions.

For now, one conclusion stands out: policy may define the rules, but landlord sentiment is increasingly determining how the game is played.

A conversation worth having?

If you are weighing up your own strategy, whether that’s to sell, expand, or restructure to improve profitibility, it is worth having a discussion with a Property118 consultant to take a closer look at how your portfolio is structured as a whole now, and to forecast the outcomes based on multiple scenario’s.

These conversations are typically most useful for landlords with established portfolios and relatively modest borrowing who are beginning to reflect on how their assets could work more effectively in the years ahead.

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Social housing landlords in Scotland warned over rising financial pressures

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Property118

Social housing landlords in Scotland warned over rising financial pressures

Scottish social housing landlords could face millions of pounds in lost rental income due to growing financial pressures on the sector.

Analysis of the Scottish Housing Regulator’s (SHR) latest financial projections by Mobysoft shows the sector’s continued reliance on rent to cover rising costs.

Social housing landlords in Scotland are also facing additional pressures, including compliance with Awaab’s Law, which requires damp and mould issues to be fixed within strict timeframes.

Financial headroom is being squeezed

According to the data, between 79% and 81% of social housing landlord income is expected to come directly from rent.

The SHR’s projections up to 2029/30 assume above-inflation rent increases and consistently high collection rates. At the same time, 74% of tenants report concerns about the future affordability of rent.

Chris Magennis, Mobysoft regional director (Scotland), said: “Recent history has taught us that our operating environment can evolve quickly.

“This can have huge cost implications, as we’ve seen with damp and mould investment. Social housing landlords need to be able to adapt, and quickly.

“As financial headroom is being squeezed, we will see business models increasingly reliant on the ability to maintain very high levels of rent collection.”

Limited scope to diversify revenue

Mr Magennis added: “Rent collection performance can no longer be viewed solely as an operational issue.

“With limited scope to diversify revenue, even small fluctuations in arrears performance risk squeezing already tight financial headroom, reducing capacity to invest in existing homes and limiting resilience to future economic shocks.

“Boards and executive teams should be seeking assurance on stress-testing income under lower collection scenarios, strengthening early warning indicators for arrears, reviewing strategies for recovering former tenant debt, and ensuring income teams have the capacity and data intelligence required to respond to a rapidly evolving operating environment.”

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Landlords’ next move will define the direction of the rental market

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Property118

Landlords’ next move will define the direction of the rental market

The latest data does more than describe current sentiment, it points directly to what may happen next. According to the Property118 Landlord Sentiment Survey Q1 2026, the private rented sector is now at a point where landlord decisions will determine its future direction.

Based on 2,380 completed responses, 57% of landlords plan to reduce their portfolios, 6.8% intend to expand and a significant proportion are choosing to hold and reassess. You can review the full findings here.

The implication is clear: the next phase of the market will be shaped by what landlords choose to do next.

A sector driven by individual decisions

The private rented sector is not controlled by a single policy or institution. It is shaped by thousands of individual decisions made by landlords across the UK. Each decision to buy, sell, hold or exit contributes to the overall direction of the market.

The survey data provides a snapshot of those intentions at scale. When viewed collectively, those intentions form a clear directional signal.

A balance that is shifting

Markets are shaped by balance. When buying and selling activity are broadly aligned, the market tends to remain stable. When that balance shifts, the direction of travel changes, and the current data suggests that this balance has moved decisively. With significantly more landlords planning to reduce portfolios than expand, the sector is likely to experience a gradual shift in structure and activity.

Multiple paths from the same starting point

Not all landlords will respond in the same way. Some will continue to invest selectively, others will hold their positions and a growing number may choose to exit. This creates multiple potential pathways for the sector. The outcome will depend on how these different responses evolve over time.

This is why the Q1 2026 survey is significant, it provides an early indication of how those pathways may develop.

Timing will play a key role

Intentions do not always translate immediately into action. As highlighted in the wider dataset, many landlords are delaying decisions, choosing to wait for greater clarity before acting. This means that changes in the market may unfold gradually rather than all at once. However, delayed decisions can still shape outcomes. Over time, as those decisions are implemented, their cumulative effect becomes visible.

A defining period ahead

The private rented sector is entering a period where direction is not being dictated from the outside, but determined from within.

Landlords are reassessing their strategies, evaluating their options and deciding how they wish to engage with the market going forward.

For now, one conclusion stands out: the future of the rental market will be shaped not by policy alone, but by the collective decisions landlords make from this point onwards.

A conversation worth having?

If you are weighing up your own strategy, whether that’s to sell, expand, or restructure to improve profitibility, it is worth having a discussion with a Property118 consultant to take a closer look at how your portfolio is structured as a whole now, and to forecast the outcomes based on multiple scenario’s.

These conversations are typically most useful for landlords with established portfolios and relatively modest borrowing who are beginning to reflect on how their assets could work more effectively in the years ahead.

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Crisis to buy homes in bid to become not-for-profit landlord

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Crisis to buy homes in bid to become not-for-profit landlord

A homeless charity has partnered with a bank to begin purchasing its own properties as it aims to become a not-for-profit landlord.

Crisis plans to buy its first homes by summer 2026, with a target of acquiring at least 100 properties across London and Newcastle over the next three years.

Working alongside Lloyds Banking Group, the charity warns that without further action, the housing crisis is likely to deepen.

Offer secure and affordable homes

Matt Downie, chief executive at Crisis, said: “With the support of Lloyds Banking Group, we can now kick-start our plans to become a not-for-profit landlord in the next few months.

“What this means is that we’ll be able to start to offer some of the people we support, people experiencing the very worst forms of homelessness, genuinely affordable, secure homes so that they can rebuild their lives.”

He adds:  “While this intervention is only part of the picture, and more needs to be done by the UK government to deliver social housing at scale, with the ongoing support of Lloyds Banking Group and the passion and commitment of their staff, we can start to make this important shift and put homes firmly at the heart of the solution to end homelessness.

“We’re delighted to be renewing our successful partnership with Lloyds Banking Group. At a time when homelessness has reached unprecedented levels, partnerships like this enable us to innovate and do things differently to better meet the challenges we face.”

End homelessness with homes

Charlie Nunn, group chief executive officer at Lloyds Banking Group, said: “We’re so proud to support Crisis’ landmark intervention to end homelessness with homes, by making it possible for the charity to acquire and manage housing for the very first time.

“This level of ambition and imagination is an inspiration. We need more of it, with strong collaboration, across the public, business and charity sectors. And it is in everyone’s interest to help initiatives like these to succeed.

The bank has also helped fund the launch of Crisis’s Good Place Lettings, which aims to tackle housing inequality by “bringing more social purpose to the private rental market.”

The news comes as more social homes are being sold or demolished than are being built.

Data by the Ministry of Housing, Communities and Local Government reveals in England, 16,291 social homes were either sold or demolished last year, yet just 10,807 social homes were built.

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