An agreement has been reached that will see the UK’s
first affordable rent-to-buy houses built in Plymouth. Plymouth-based housing
companies Persimmon Homes and Rentplus have signed an agreement to develop 19
new affordable rent-to-buy homes in the city aimed at tackling the region’s
housing shortage and helping people into home ownership. The Rentplus homes are
available at up to 80 per cent of local market rent for an agreed period of
between five and 20 years. When the tenancy has finished, the occupants are
given the opportunity to buy the house and will be given a 10 per cent deposit
by Rentplus to do so. Read more on The
Planner website.
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