First completed affordable rent-to-buy homes in the South Hams

First completed affordable rent-to-buy homes in the South Hams

An innovative housing scheme, designed to enable local people a chance to get on the property ladder, has welcomed its’ first official visitors to Langdon View in Wembury, near Plymouth.

Tamar Housing and Rentplus invited local Councillors to visit the newly-completed affordable rent-to-buy properties to give them an insight into the scheme and how it offers a fantastic alternative route into home-ownership.

Tamar Housing arranged the morning to allow Councillors from South Hams District Council to spend time looking around the six Rentplus properties before the new residents move in later this month.

Cllr Daniel Brown, Ward Member for Wembury and Brixton said: “Langdon View is a small development built by a local developer and is a great example of where affordable housing has made a difference to local people, these homes are going to help six families stay in the area where they live, so I am delighted to see that the affordable rent-to-buy homes have been completed.

Langdon View is the first completed Rentplus site in the South Hams and is part of a national scheme which provides affordable rented housing that supports tenants to move onto home ownership. Tamar Housing has worked closely with the South Hams District Council to allocate the properties to people who have a strong local connection to the Parish of Wembury, and would have difficulty in saving a deposit to access open market home ownership. All of the tenants moving in to Langdon View were previously either living with family in the village or in a private sector rented property away from Wembury due to the high rental values, number of seasonal holiday homes and lack of long term rental property in the village.

The new residents will rent their home for a period of 5, 10, 15 or 20 years at an affordable rent which is approximately 80% of the market rent for the area. At the end of the rental period they will have the opportunity to purchase the property with the help of a 10% gifted deposit.  Tenants will be encouraged to save towards the purchase during their period of rent as the homes are highly energy efficient and all repairs and maintenance will be carried out by Tamar Housing.

Julie Barnett, CEO, Tamar Housing said: “I am delighted that we have been able to give six local households the opportunity to take the 1st step towards home ownership in their own village. We look forward to helping more people across Devon achieve the same, exciting step on the home ownership ladder”.  

Richard Connolly, Rentplus CEO, said: “Working in partnership with Tamar Housing and a local developer is the key to how Rentplus works. Our innovative model gives families who are just about managing the opportunity to fulfil their dreams of homeownership while offering them the safety and security of long term tenure and an affordable rent, with the homes managed on behalf of Rentplus by a local housing association. We hope this will be the first of many such developments in South Hams and across Devon, delivering more affordable homes to hard working families.”

Join our mailing list:

Leave a comment

Latest Comments

IrisJ. 19 Jul 2017

Great advice, but may I also add that when buying an already built home, make sure you do all of the proper inspections. Most importantly pest inspection because people tend to get surprised when they

view article
IrisJ. 17 Jul 2017

The third point is, in my opinion, the most important one. People have become too inconsiderate and careless when it comes to rented properties. If a landlord wants to protect their property, regular visits...

view article
cornishalan 10 Jul 2017

Added to the cost of purchasing these village properties are the above average maintenance costs. Particularly where the property is a listed building or requires specialist building skills such as thatching...

view article
Jo Mullett
Jo Mullett 07 Jul 2017

Here in Swansea, known as the Japanese knotweed capital of the UK, it never fails to amazes me that people have no idea of the potential problems this invasive non-native plant can cause when buying or...

view article
NathanG 05 Jul 2017

McDonalds, for example, have been purchasing their real estate on prime locations for years. If something happens to the company they'll have invaluable assets that will be able to save them. We might

view article
Jonah 04 Jul 2017

Graham: surprised to see you cite the "extra tax liability" as capping out at ?560. It doesn't - the extra tax is exponential, as it is levied on the income (i.e the inflating level of rental income you...

view article
Dianne Griffen
Dianne Griffen 29 Jun 2017

Be very wary of anyone bringing you deals that they have ?found? and want to ?sell on to you? or ?joint venture? with you on ? you need a proper legal contract for this, involve a RICs surveyor to confirm...

view article
jason hadzikostas
jason hadzikostas 28 Jun 2017

The most important thing is a budget. Students have to manage their spendings in food, house maintenance, books and many other things. According to me, student Studios are the perfect option for them as...

view article
SecomTech 22 Jun 2017

AT Last...This was discussed years ago and there was a move towards landlords registering their bad tenants on a database..(can't remember where) It seems a logical step though our leaders will probably...

view article
Bertrand 02 Jun 2017

How about the Welsh Govt introducing a scheme to protect landlords against "rogue" tenants who are then taken to court for criminal damage to the properties they trash. Pretty unlikely I suspect and politically...

view article
AmberMorris 25 May 2017

"Please don't pick a novelty tune-playing doorbell. They're not 'fun'. They're stupid." Laughed a lot to this. It's actually true, though.

view article
Oliver Conway
Oliver Conway 18 May 2017

Making a neat inventory is a good idea, but if the seller is not willing to provide it, can the buyer demand it?

view article

Related stories

More articles from Property