Inland Homes

Inland Homes registered as social housing provider

Inland Homes PLC has been registered as a for-profit provider of social housing by the Regulator of Social Housing.

The brownfield developer and housebuilder has been registered through its wholly owned subsidiary, Rosewood Housing, following a two-year qualification period.

It gives Inland Homes the authorisation to build new homes on more of its sites once planning consent has been received.

The company will develop, hold and manage Section 106 homes – comprising a blend of shared ownership and social housing units for rent – that need to remain within the regulated sector while owned by a registered provider.

Inland Homes said that it expected to generate income from shared ownership ‘staircasing’, where residents could buy further shares in their property once they have lived in it for a certain period of time.

Once the company has achieved critical mass in this specialist sub-sector, Inland Homes will look to partner with an institutional investor to help deliver further portfolio growth.

“This is a significant milestone for Inland Homes, which will accelerate our drive into the provision of much needed affordable housing in the South and South East of England, continuing the expansion and diversification of our revenue streams,” said Stephen Wicks, CEO at Inland Homes (pictured above).

“Through our current partnership housing activities, the team now has a wealth of experience and knowledge of the UK social housing sector and this approach will complement our develop-to-sell strategy, leveraging the capabilities of our rapidly growing in-house construction division.”

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