Homes for sale through equity purchase
23 May 2017
Exciting new release of affordable property in Rydon Fields, Holsworthy
2 Bed semi for sale on St. Peters road.
Details to follow shortly.
Please contact us for ore information.
2 Bed Semi Detached for either affordable sale or affordable rent.
Details to follow shortly.
Please contact us for further details.
Holsworthy Community Property Trust provide an interest free Equity mortgage for the balance of the open market value.
To register your interest and obtain an applicationpack please email on Info@homesforholsworthy.org.uk
Flat 1 Whitlock Court, Holsworthy
An ideal first step on the property ladder in Holsworthy town centre, this well-appointed one bedroom flat is offered leasehold at £60,000 for 70% of the open market price with Homes for Holsworthy providing an interest-free equity mortgage for the balance of the open market value. Full details from Bond Oxborough Phillips, Holsworthy office, 01409 254238, firstname.lastname@example.org.
Homes for Holsworthy wins national award!
17 June 2013
Homes for Holsworthy are national winners of an award for the Most Entrepreneurial Community Land Trust, presented at the National Community Land Trust conference in Birmingham on 12th June.
Homes for Holsworthy Chair, Pam Johns, said "There was stiff competition from other CLTs in this category. We knew that we were among the finalists but it was a lovely surprise when we were announced as winners". The award recognises the flexible approach that Homes for Holsworthy takes to providing homes that local people can afford. With four different schemes completed and several more in planning the Trust recognises that "one size doesn't fit all". Pam says "It's very much a case of responding to opportunities to see what will work best in a particular situation. With such a shortage in the intermediate housing market for both rental and sale to local families, it's vital that we look beyond the traditional routes and become more innovative.
There is a fast-growing Community Land Trust movement throughout the country with more than 20 enquiries a week to the CLT National Network about setting up new organisations. CLTs offer a way to provide affordable housing and other amenities to local communities, ensuring that the benefit remains within that community. For more information contact Pam Johns on 01409 253425 or email email@example.com.
Plan for new homes at Brandis Corner
28 September 2012
Homes for Holsworthy has an opportunity to provide 8 affordable rental and shared equity homes as part of a small mixed development with open market housing at Brandis Corner, near Holsworthy. We envisage typically for a 2 bedroom home a monthly rental of £560 or purchase at 66.6% of open market value with HCPT providing an interest-free mortgage on the balance. E.g. a 2 bedroom house at full value of £150,000 would cost the buyer £100,000.
However, to take the scheme further we need to know if there is sufficient interest in the area. If you, or someone you know, is likely to be looking for affordable housing within the next few years please get in touch to register an interest and ask for an application form.
firstname.lastname@example.org or telephone 01288 356414/01409 253425
Four new homes for Bridgerule
01 August 2012
Four brand new affordable homes have just been completed at Canal Rise. Bridgerule
Two each 2-bedroom and 3-bedroom semi-detached houses have provided homes for four young local couples who have bought through Homes for Holsworthy’s Equity Purchase Scheme. The houses were sold for 70% of the open market value with Homes for Holsworthy providing an Equity Mortgage for the remaining 30%. Unlike other schemes, buyers do not pay interest on the equity mortgage or rent on the 30%, only a modest administration charge to help with the overheads of this small local charity.
First to move in were Gary Heywood and Sophie Cobbledick who are delighted with their new home. Gary, who works for a Bridgerule building company, was involved in the construction of the houses from the outset so feels a very personal connection to his new home. “We didn’t think there was any way we could afford to buy our own home but when we found out about how Homes for Holsworthy are helping young people get onto the property ladder we did the sums and found we could get a mortgage. This is such a great opportunity, there is no other scheme in the area like it”.
Rhys and Leanne Chard, both from Bridgerule, got in touch with Homes for Holsworthy before construction even started. “We knew we wanted to buy our own home” says Rhys “and we had heard about Homes for Holsworthy so we had a meeting with them to find out how the scheme worked. When the Bridgerule project got underway we made an application and reserved a 3-bedroom house.” Leanne adds “With our first baby due later thisyear we are really pleased to be in our own home and grateful to Homes for Holsworthy for making it possible”.
Pam Johns, Chair of Homes for Holsworthy, says “These are just the sort of people we are trying to help. So many young people locally are in steady employment and can support a mortgage but not at full market prices. We see great potential in the area to provide affordable homes on small mixed developments like Canal Rise meaning families can stay in their own community.
More homes for Sheepwash?
31 July 2011
New Houses at Sheepwash
Homes for Holsworthy Chair wins top award
21 October 2010
The contribution made by Homes for Holsworthy to providing solutions to local housing need was recognised when Chair, Pam Johns, received Devon Rural Housing’s award for the ‘Most Inspiration Individual’ in October 2010. A delighted Pam received her award from the Princess Royal at the Community Council of Devon’s Annual Conference in Woolsery. One of the judges, Colin Molton, Regional Director of the Homes and Communities Agency said he was “very impressed with the commitment and skill which Pam has brought to the trust and thereby overseen the development of a significant number of homes”.
02 August 2010
Homes for Holsworthy was recently presented with a Website and Training Award by the Devon Towns Forum. Our Chair, Pam Johns, together with Kate Williams and Heather Stephenson, received the award from Cllr Bob Buxton at a reception on 7th July at Sandy Park Conference Centre in Exeter. We were delighted to be given this opportunity to develop our own website and very grateful to the Devon Towns Forum.
01 January 2010
Do It Yourself Equity Ownership (DIYEO)