FirstBuy Offers Chance to Buy at Landmark Torquay Development
Posted 04.02.13
First-time buyers will find it easier to purchase one of the distinctive homes at the new development at Beechfields View, Torquay, after Sovereign Living secured FirstBuy funding for the scheme from the Homes and Communities Agency (HCA).
FirstBuy is a Government-backed equity loan scheme that aims to assist eligible buyers who would otherwise be priced out of the housing market, to purchase a home. The scheme provides funding to help purchase a new home by reducing the mortgage and deposit required.
The mortgage, together with a deposit, will equate to approximately 80% of the purchase price. This means that purchasers may only require a 5% deposit. The rest of the purchase price will be paid for by the equity loan and will equate to a maximum of 20%.
The £20 million Beechfields View development, which is being supported by an investment of more than £7 million from the HCA and Torbay Council, will feature a mix of 112 apartments and 32 houses, all built to a high specification.
The scheme is being developed by Sovereign Living Ltd, a subsidiary of the Sovereign Housing Association, to provide the flexibility to build a range of homes, including those for outright sale and open market rent.
__________
Plans Submitted for Dollis Valley Regeneration Scheme
Posted 12.02.13
Plans for a major regeneration of the Dollis Valley housing estate in Chipping Barnet have been submitted to Barnet Council by Countryside Properties.
The proposed new development will involve the construction of 616 new affordable, private and rented homes in a wide range of designs and sizes to suit the differing needs of families.
The plans have been developed by Countryside Properties in conjunction with housing association L&Q.
The proposed new scheme will be built in five phases, with a five week consultation beginning shortly on the first phase of 108 properties.
Phase one includes 21 four bedroom, 46 three bedroom, 29 two bedroom and 12 one bedroom homes.
__________
Five Year Housing Transformation Nears Completion in Manchester
Posted 14.02.13
The first phase of a long term project to transform the quality of housing in West Gorton, Greater Manchester, is nearing completion.
Work has begun on the final eight new homes to be developed by Guinness Northern Counties, which has been working alongside local residents and Manchester City Council to regenerate the former council estate since October 2008.
The two-, three- and four-bed family houses are being built on cleared land at a cost of just over £1 million.
On completion in November 2013, the homes will be let at target rents to people from within and outside the local community.
Future phases of the regeneration programme will see the delivery of a new Community Hub and Community park and up to 565 additional new homes for sale.
