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Funders and partners · Devon

Build to Rent Partnerships in Exeter

How do build to rent partnerships work in Exeter?

Build to rent partnerships in Exeter are arrangements where homes are designed and built specifically for renting and owned long term by an institution or registered provider. Land to Homes brings land, planning and construction, and discusses forward funding, where the partner funds the build, or forward purchase, where the partner commits to buy the finished homes. This is not an offer to invest.

Aerial view of a housing site with plots at different build stages and a site compoundExeter · EX2

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  • Private conversationsEvery arrangement documented
  • Land to homesLand, planning and construction
  • Housing partnersCouncils and housing associations
  • No public offerNothing here is an offer to invest
  • UK-wideEngland, Wales, Scotland and NI

Working together in Exeter

We cover Exeter as part of Devon. It is about 36 miles north-east of Plymouth, around postcode district EX2. Close by, our coverage also takes in Exmouth, Tiverton and Newton Abbot. Exeter is part of England’s South West region.

Partnerships we can discuss around Exeter include social rent homes, design and build for a registered provider and Section 106 affordable homes. Planning in Exeter follows England’s rules: the National Planning Policy Framework sets national policy and the council’s Local Plan sets local policy.

Tell us about the opportunity near Exeter and the right person will call you back.

Our approach in Exeter

Forward funding

The partner acquires the site and funds construction in stages, with Land to Homes delivering the scheme under a development agreement.

Management in mind

Bin stores, parking, cycle storage, parcel rooms and plant are designed for efficient day-to-day management and low maintenance.

Forward purchase

The partner commits to buy the completed homes, while construction is financed separately until the scheme reaches practical completion.

Affordable element planned in

Where policy requires affordable homes, we agree the right tenure with the council at planning stage, such as affordable private rent in England.

Rules that apply in Exeter

In England, affordable housing on market developments in Exeter is normally secured through a Section 106 agreement, which sets the number, tenure and transfer of homes to a registered provider. Grant from Homes England can add further homes, and the 2026 to 2036 programme expects at least 60% of funded homes to be Social Rent. Land to Homes can supply land, design and build homes, or deliver completed homes for councils and housing associations.

In England, the National Planning Policy Framework recognises build to rent as a distinct housing type, with affordable private rent as the usual affordable tenure. New private lets are assured periodic tenancies under the Renters' Rights Act 2025. Appraisals must allow for Stamp Duty Land Tax, Section 106 obligations and, where charged, the Community Infrastructure Levy.

Key rules in Exeter
National planning policyNational Planning Policy Framework (NPPF), revised August 2026, with national planning practice guidance
Who decides applicationsThe local planning authority, usually the district, borough, city or unitary council (or a national park authority)
Land registrationHM Land Registry
Developer contributionsSection 106 planning obligations, plus the Community Infrastructure Levy (CIL) where the council charges it

Common questions in Exeter

What is affordable private rent?

Affordable private rent is the usual form of affordable housing in build to rent schemes in England. Homes are let at a discount to local market rent, managed by the build to rent landlord rather than a housing association, and secured through a planning obligation. Eligibility and the level of discount are set by the council's policy.

Is this an investment opportunity?

No. Nothing on this site is an offer or invitation to invest, and we do not take money from members of the public. Build to rent partnerships are agreed privately with institutions, registered providers and other professional parties, each relying on its own advisers and due diligence. We do not publish projected profits or performance figures.

What is the difference between forward funding and forward purchase?

With forward funding, the partner buys the site and pays for construction in stages as the scheme is built. With forward purchase, the partner agrees to buy the finished homes on completion, while the developer arranges construction finance in the meantime. The structures share risk differently, so each party takes its own legal and tax advice.

What is build to rent?

Build to rent is housing designed and built specifically for renting, held in single ownership and professionally managed. It can take the form of apartment blocks or single-family houses. Homes are let directly by the owner or its operator rather than sold, and schemes often include on-site management and shared facilities for residents.

Can we discuss a partnership in Exeter?

We are happy to talk about specific opportunities in Exeter and elsewhere in Devon, including Plymouth, Paignton and Exmouth. Conversations are private and every arrangement is documented by each party’s own advisers. Nothing here is an invitation to invest.

Read more: Build to Rent Partnerships · Guide: Renting a new-build home: tenancy rules in England, Wales, Scotland and NI

Own land that could take new homes?

Start with a free, no-obligation site appraisal. On option and promotion agreements we fund the planning work and pay your reasonable legal fees.

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