The UK has a fundamental housing crisis. There is no mainstream solution.
There are 1.2 million people on waiting lists for social housing.
320,000 people are homeless in the UK.
There are 83,000 families in temporary accommodation also awaiting housing.
Only 31,000 socially affordable houses were built last year in the UK.
And there are still over 210,000 houses sitting empty in the UK.
Bighous’ proven model, tested in London and Liverpool, is the only solution to those urgently needing housing that reinvests its profit to increase its impact. In this way we diversify our risk and present a low-risk investment model for those wanting to increase their financial and social impact.
Uniquely we work with charity partners from the start to identify suitable distressed housing stock that could fulfil their needs. Once identified, we purchase and renovate it to the charity’s requirements, before leasing to them, enabling them to house the most vulnerable members of society. In four years, we have already delivered over £4m worth of housing assets across the country, working with renowned charities.
All of those we help house are in crucial need of care and support, facing significant life challenges. By working with charitable partners, we help ensure our housing provides a reliable and tailored place to stay for the tenants; a crucial step in their rehabilitation. This positive change would not be possible without a place to stay.
The unique Bighous model recycles and reinvests capital after each completed project, allowing us to grow in scale. We extract the rising value in redeveloped assets to redeploy to new projects increasing our impact on those most in need. At the same time rental agreements signed with our charity partners and backed by Government revenue, provide an ongoing profit stream to satisfy investor requirements.
Others in our market look to deploy capital once to address the housing problem, often in the form of long-term new build assets. We believe this is an inefficient solution to a growing problem hindering the opportunity for scale, change and most importantly, impact.