Shared Ownership News

New shared ownership homes from Orbit Homes

Looking for a new affordable home in Minster? Look no further! Orbit Homes is hosting a shared ownership open evening on Thursday 21st April between 3pm and 7pm at their new Heronsbrook development, set in an excellent location off Monkton Road.

With just four two bedroom apartments remaining, visitors are invited to take advantage of this opportunity to view the new homes available and ask questions about how the shared ownership scheme works. Apartments are available from as little as £36,000 for a 30% share and Orbit Homes estimate that a minimum income in the region of £17,900 would be required to proceed.

Click here for the SmartShare shared ownership mortgage calculator to work out how much you can afford: http://www.smartshare.co.uk/calculator

To view all of the Orbit Homes portfolio on the SmartShare website please click here: http://www.smartshare.co.uk/properties/association

A2 Dominion launches new scheme with celebrity Idris Elba

A2Dominion New Homes, has officially launched a new affordable homes scheme and invited film and TV star Idris Elba (who grew up in the area) to unveil the plaque 'Elba House' named after him.

The project has transformed a derelict factory site with 23 new homes for affordable rent and part-buy part-rent all aimed at local people.

Idris Elba, nominated for a Golden Globe for British drama Luther and who starred in American hit TV series The Wire welcomed the new development and said “As a former Hackney resident myself, I’m pleased to officially open Elba House at the Andre Street development, which is bringing modern, affordable new homes to local people.”

Danny Lynch, Development Director (London) for A2Dominion New Homes, said: “We’re delighted to name Elba House after Idris Elba, who has strong links to the Hackney area.

18 new affordable homes to be built in Devon

Triodos Bank has agreed to loan High Bickington Community Trust £2m to begin the community owned-project.

The project will provide 18 affordable homes of part buy part rent and rented homes to local people, targeted at key workers and those people who want to stay within the village. New jobs and a green energy plan is also being created on the 7.2 hectare development along with community buildings such as a new primary school, games area and community woodland planned for the future.

The Homes and Communities Agency has invested £360,000 in the first phase of the development.

If you are looking for a part buy part rent home, go to SmartShare the largest affordable homes website in England www.smartshare.co.uk

Housing association supports empty homes plan

Coast and County is firmly supporting the Empty Homes initiative by funding and supporting nine unemployed people in Teesside to learn new skills and help renovate ten homes in its first year (with an additional ten to follow).

The scheme will use landlord owned empty properties in the Redcar and Cleveland borough who will be offered a refurbishment package in return for leasing the property to Coast and Country.

The first property, at Park Terrace in Brotton, has been completed, with two more underway in nearby Marske.

“This scheme operates on two important levels,” said Iain Sim, Chief Executive at Coast & Country. “One is to help people learn construction skills to help improve their chances of finding work and the other is to make more affordable housing available to Redcar and Cleveland residents.

The scheme was made possible by a £250,000 investment from the Homes and Communities Agency.

Housing associations to offer flexible tenancies

Housing Minister Grant Shapps has announced that housing associations will be able to offer an additional Affordable Rent option to new tenants.

The Affordable Rent option will be in the form of a fixed term tenancy with a rent level higher than social rent (landlords are allowed to set rents up to 80 per cent of local market rents). Landlords will be able to offer the new tenancies in return for investment agreements, which will enable them to raise funds to build more affordable housing. The new flexible tenancies will only be applicable to vacant social rent properties and only after they have reached an investment agreement with the Homes and Communities Agency about how additional rental income will be reinvested in delivering new affordable housing.

Housing Minister Grant Shapps said: