SOCIAL housing organisation Somer Housing Group, which has properties in West Somerset and Taunton Deane, has launched a new website aimed at people looking for affordable housing options.
The site, www.somerhomes.co.uk, has details of all the properties on offer from the group’s members through the ‘New Build HomeBuy’ scheme.
It allows people to move in to a new home which they part-buy, part-rent - buying a percentage of the home and paying rent on the rest of it.
As people’s circumstances change, they can buy further shares until they own the whole of their home.
Some developments have homes available through ‘rent to buy’.
The new scheme is aimed at people who cannot afford or cannot obtain a mortgage, or who have simply been put off purchasing in the current economic climate.
They receive the best of both worlds, renting a home at 80 per cent of the local market rate and at a later date they will be given the first chance to buy the property through ‘New Build HomeBuy’.
The website currently has properties available in parts of Somerset, Bristol, Gloucestershire, Wiltshire, and the Cotswolds.
Somer sales and marketing manager Sarah Turton said: “This is a very difficult time for people who are frustrated because they want to find a home, but are still having difficulty finding somewhere they can afford or getting a mortgage.
“We have some great homes for sale and rent and these schemes give you lots of flexibility about how you commit yourself now, with the possibility that one day you will own all of your home, without ever having to move.”
The group includes Somer Community Housing Trust, which is the largest social landlord in the Westcountry, Bristol-based Redland Housing Association, young people and homeless charity Shape Housing Association, and Lantern Homes.