FOLLOWING a recent announcement by the National Housing Federation (NHF) for more homes to be built, we are proud to announce we will provide 1,300 properties throughout the county by 2018.
Speaking recently on BBC Breakfast News, NHF Chief Executive, David Orr, revealed that nearly a million more people in England now rent their home than they did five years ago, which has led to a number of them becoming stuck in a cycle of short-term lets that leaves people unable to plan for the future.
To help meet local housing needs and provide an alternative to ever-increasing costs of renting in the private sector, we offer a range of tenures to suit people’s circumstances, ranging from affordable rent to shared ownership.
As a means to help people get on the housing ladder, shared ownership is a part buy, part rent scheme enabling people to buy a share of a home and pay a subsidised rent on the remaining shares. Further shares can be purchased when it suits people and it allows them to eventually own their home outright.
After recently celebrating providing our 1,700th new build home in Galleywood, Essex, we will be delivering up to 1,300 homes throughout the county by 2018, with 250 properties being available for shared ownership. Currently, the company has over 200 shared owners.
Carl Hockey, Development and Regeneration manager, said: “We are delighted that we will be continuing to provide high-quality affordable homes for local people during the next three years. We believe in offering many different tenures to suit people’s needs, such as shared ownership which gives people the ability to purchase a share in a home with a much smaller deposit than they would need on the open market.”
David Orr, Chief Executive of the National Housing Federation, commented: “With house prices continuing to soar out of reach and typical deposits for first time buyers hitting £30,000, younger generations are seeing their dream of home-ownership replaced with a life of renting.
“It is clear that the younger generation is being let down, and given no alternative but to move from one short-term let to the next, never being able to save enough to buy because their wages are eaten up by rent.”
For a full range of available properties please visit our 'Find a home' webpage.