Last chance to buy stylish apartments in Stevenage through shared ownership
It s easier than ever for first-time buyers to get their own place and onto the property ladder
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SO Resi Forster Oaks comprises two-bedroom apartments, ideal for professionals, couples and first-time buyers (Image: StuThomas.com)
With research revealing that the average first-time buyer must save more than a year’s salary to get onto the property ladder, many are turning to more accessible routes to homeownership, such as shared ownership .
SO Resi, the shared ownership brand of Metropolitan Thames Valley Housing, has a small number of two-bedroom apartments remaining through shared ownership at its stylish SO Resi Forster Oaks development.
Higgins Group suffered a £3.1m pre-tax loss last year as the COVID-19 pandemic took its toll.
The residential contractor and housebuilder’s loss for the year ending 31 July 2020 followed a £4m loss the previous year. Revenue also plunged more than a fifth for the Essex-based firm, falling from £219.9m in 2019 to £168.3m last year. The company attributed the loss and the fall in workload to the pandemic.
Chairman Richard Higgins said: “The results for the group were affected by a number of key projects that were anticipated to start but, due to the outbreak of a global pandemic, were delayed. Furthermore, the national lockdown saw complete closure of our existing sites for several weeks.”
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Kerry Stephenson, of Ruddington (Image: Nottingham Post/Marie Wilson)
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Homes acquired from Brick By Brick, the development company set up by Croydon Council Residential Secure Income plc ( ReSI ) (LSE: RESI), which invests in affordable shared ownership, retirement and local authority housing, has exchanged contracts for £29 million to acquire up to 85 newly completed homes for delivery as shared ownership. The properties are being acquired from Brick By Brick, the housing development company set up to deliver a large programme of high quality and affordable homes for local people across the London Borough of Croydon. The transaction will allow Brick By Brick to offer these homes as shared ownership, accelerating the delivery of much-needed affordable homes and returning the proceeds of the sale to the London Borough of Croydon to be spent on frontline services. The homes will be held by ReSI s wholly owned registered provider of social housing, ReSI Housing, and part financed by government grant.