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A Governement minister had given his backing to an innovative housing company formed in Plymouth and making a ‘step-change’ in the delivery of affordable housing nationally.
Tory Housing minister Brandon Lewis praised Millbay-based Rent Plus when he visited Plymouth to view new homes being built.
Read the full article at: http://dorcasmedia.com/mp-backs-affordable-housing-enterprise/
Brandon Lewis MP, Minister of State for Housing and Planning at the DCLG, visits Palmerston Heights in Plymouth
Last week, with our partners Tamar Housing, we welcomed Brandon Lewis MP, Minister of State for Housing and Planning at the DCLG, to Palmerston Heights – the first phase in the Persimmon Homes development of the new Seaton Neighbourhood in Plymouth.
We are delighted that the Minister tweeted about how impressed he is with the new rent-to-buy homes and the stairway to home ownership that they provide!
Read the full article in the Plymouth Herald at:
More than 33 new affordable rent-to-buy homes from innovative housing company Rentplus, will be built in Sherborne, Dorset, to give tenants the chance to own their own home for the first time.
The homes are part of the 112 home development Corelli, built by Persimmon Homes on Sheeplands Lane, Off Marston Road in Sherborne, Dorset. The historic market town has excellent transport and commuter links, as well as leisure and shopping facilities.
The Rentplus homes are available to rent initially at a reduced rate – a two bedroom house will typically cost around £125 per week – which the tenant is able to buy after either five, 10, 15 or 20 years. Rentplus will give each tenant a ten per cent deposit when they buy their home.
The homes will be marketed and allocated to households by Tamar Housing Society through Dorset Home Choice housing register (www.dorsethomechoice.org), which enables local people to bid to for the Rentplus homes. The adverts for these properties go live on Dorset Home Choice Monday 21 December – based on levels of interest experienced for the Rentplus scheme in Plymouth, people who are interested in renting and then owning their own home should move quickly!
Rentplus Chief Executive, Richard Connolly, said: “We are delighted to be bringing the Rentplus model to Dorset and giving local people the opportunity to buy their own home. The area desperately needs more affordable housing and our innovative model helps meet local housing need as well as establishing permanent homes for people wishing to buy their own property.
“If you are looking for a home and unable to afford a deposit, we’d encourage you to visit the Dorset Home Choice website and register your interest for these homes. Our last development in Plymouth was so popular we had more than 100 enquiries in the first 24 hours, so we’re expecting these homes to be just as popular.”
Julie Barnett, Chief Executive of Tamar Housing Society, said: “We have already seen an incredible response to our first development in Plymouth and are pleased to be working in partnership with the Council to offer the residents of Dorset the same opportunities.
“The Rentplus model helps hardworking people who are often priced out of home ownership the opportunity to get a step on the housing ladder with a gifted deposit. With local housing prices continuing to rise, this is a great opportunity for those looking to buy their first property to sign up.”
Sherborne is a small town in the picturesque Dorset countryside and the new Corelli development includes a mix of two, three and four-bed houses. Rentplus, which plans to build 5,000 new homes by 2020, is working with Tamar Housing Society to identify suitable tenants in need of an affordable rented home who aspire to buy their own home in the future, with the first homes due to be available in the new year.
Rentplus is also working with Persimmon to develop a site of 19 homes at Palmerston Heights in Plymouth.
DCLG announces consultation on planning changes to boost opportunities for thousands of families to get on the housing ladder
Rentplus, the pioneering affordable rent-to-buy housing company, has welcomed new Government moves to expand the range of options for people aspiring to get on the housing ladder.
The Department for Communities and Local Government (DCLG) has launched a consultation aimed at changing the National Planning Policy to “broaden the definition of affordable housing and expand the range of low cost housing opportunities for those aspiring to own their own home.
“This would include products that are analogous to low cost market housing or intermediate rent, such as discount market sales or innovative rent to buy housing.”
Commenting, Rentplus Chief Executive, Richard Connolly, said: “We are pleased that the Government has recognised the need for the innovation if we are to resolve the country’s housing crisis. It was this belief in innovation that led to the creation of the Rentplus rent-to-buy model, which is proving very popular with local authorities and housing providers – as well as prospective home owners.
“These proposals will give all local authorities the confidence needed to approve innovative affordable housing models which will in turn extend home ownership to thousands more working households.
Since its creation Rentplus has argued for these changes to support the delivery of new affordable homes to buy. We look forward to continuing to work with the Government as it consults on its proposals.”