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

Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

view article
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

view article
sean benton
sean benton 01 Sep 2017

Identity theft is a thread for any profession. So,people should stay alarmed. I once take help from a letting agent and came to know that letting agents are taking every precaution to prevent fraudulent...

view article
Mark N.
Mark N. 30 Aug 2017

We have seen a surge in instructions over August and that should continue into September too.

view article
Chris 30 Aug 2017

Unfortunately, all the legislation bears its force on Landlords and ignores, naively, the effect of Rogue Tenants on the ability of landlords to keep houses in repair and offer properties for rent at reasonable...

view article
Christian Donovan
Christian Donovan 18 Aug 2017

The write-down on house values, combined with the fall in the GBP saddled the fund?s property portfolio with a 1.4% loss in the second quarter. The shocking amount of $240 million.

view article
Samantha Goodman
Samantha Goodman 11 Aug 2017

Interesting point of view.

view article
Samantha Goodman
Samantha Goodman 11 Aug 2017

It depends on the people, some older adults decide to make a long-distance move in order to live closer to their children or settle in a place with a lower cost of living.

view article
brandonlee10 24 Jul 2017

The financial ramifications of the triggering of Article 50, the starting gun for Britain's departure from the EU, are far from clear. Buyers will be most cautious in London, given that buying a home in...

view article
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

Related stories

More articles from Property

Property Finance Roadshow 2017

4th - 12th October

4 days
6 specialists
4 locations
Free to attend

Click here to register now