Stoneware, which has offices across the south specializing in providing affordable housing in the form of shared-ownership homes, reached a significant milestone recently with the sale, in Poole, of its 100th home this year.
The sale was part of a small development of four two-bedroom and one three-bedroom shared-ownership houses on the site of a former residential home in Blandford. The homes have been built for local people to meet a pressing need for affordable housing in the town and the surrounding villages where home ownership has become unaffordable for many.
Richard Stevenson, Stonewater’s executive director of development, commented: “With low mortgage interest rates and extra government funding making shared ownership now available to 175,000 more UK households, 2016 is proving to be a good year for first-time buyers.”
He added: “Shared ownership schemes offer a great opportunity to get a foot on the property ladder, enabling people to buy a share of their home from as little as 25%, and pay an affordable rent on the remaining amount.”
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