Rent to Buy highlighted during recent visit by Nigel Mills MP to Peveril Homes’ Smalley Manor development.
East Midlands-based housebuilder Peveril Homes recently welcomed Amber Valley MP Nigel Mills to its Smalley Manor development in Smalley. During his tour Nigel Mills MP visited some of the new social housing that forms part of the national Rent to Buy scheme.
Government-backed Rent to Buy makes purchasing a new home more affordable by providing tenants with the opportunity to move into a new-build property for a reduced rent over five years – allowing time to save for a deposit and buy the home outright at the end of the rental period.
Peveril Homes has teamed up with local housing association, Futures Housing Group, to provide the scheme to residents at Smalley – with a percentage of homes at Smalley Manor allocated to social housing.
“We are proud to be forging strong relationships with Futures Housing group,” said James Smith, Director at Peveril Homes. He continued: “The scheme is making new homes more affordable for people by allowing them to save sufficient amounts per-month while renting, in order to put down the required deposit for a new home at the end of the five years.”
Nigel Mills MP, visited the site in January. He said: “It is crucial that we support people trying to get onto the property ladder.”
Image: (left to right) James Smith (Peveril Homes), Marcus Keys (Limehouse Developments), Nigel Mills MP.
