A young Lisburn couple have purchased the first home under Clanmil Housing Association’s new Homeowner shared equity scheme at Mountview Drive in Lisburn.
Ryan Bird and Feiona Stewart are the first to benefit from the Homeowner scheme, a part-ownership, part-rental deal that helps people who can’t afford to purchase outright to move onto the property ladder by allowing them to buy up to a 90 per cent share in a property and pay rent on the remaining share.
Homeowner is the first shared ownership scheme to be introduced as a result of the Department for Social Development’s Affordable Home Loans Fund. Under the scheme, Clanmil has made 20 properties available for purchase at Mountview Drive from as little as £360 per month including mortgage payment and rent.
The homes, a mix of detached and semi-detached properties, have been thoroughly refurbished with modern new kitchens, stylish new white bathroom suites, rewiring, replumbing and Pheonix Gas heating. The many features include uPVC double glazed windows and doors, white panelled internal doors and redecoration throughout.
Clare McCarty, Chief Executive of Clanmil Housing said:
“It is a natural aspiration to want to own your own home and we are delighted to see the first purchase complete at Mountview. Congratulations to Ryan and Feiona. We hope that they have many happy years in their lovely new home.
“The Homeowner scheme makes homeownership much more achievable than outright purchase and is a real alternative to market renting. There has been lots of Interest in the Mountview Drive homes and we are working through the purchase process with quite a number of buyers at the minute. There are, however, still some homes available, so it’s not too late to arrange a viewing.”
Ryan and Feiona, are delighted with their new home at Mountview Drive. Feiona said;
“It’s so hard to take that first step onto the property ladder. Saving for a deposit and securing a mortgage is a real challenge at the minute but the Homeowner scheme has allowed us to buy a share in a fantastic house in the area where we wanted to live. We’ll be able to buy more of our home as it suits us, until we own it all.
She added; “We never thought we’d be able to afford a house like this. We’ve got lots of space and it’s been modernised to a really high standard. We don’t have to do anything other than move in.”
Clanmil plans to release around 100 new and refurbished homes across Northern Ireland over the next three years for purchase through their Homeowner scheme.
The refurbishment of the homes at Mountview Drive is scheduled for completion in Spring 2015 and there are still a number of properties available.
For further details please contact McClelland Salter estate agents on 028 9267 4121 or Clanmil Housing on 028 9087 6000. Or email email@example.com
For media information please contact Christine Ashfield (Clanmil Housing) on 028 9087 6000 or 075 951 18122.
Notes to editors:
- Clanmil Housing is one of Northern Ireland’s leading housing associations and currently owns and manages 3,500 homes throughout Northern Ireland including family homes, homes for single people, independent living schemes for older people, housing with care for frail older people and supported housing for older people with dementia. Clanmil aims to provide high quality homes at the lowest possible economic rent for everyone in housing need.
- Homes that can be purchased through the Homeowner scheme are houses or apartments, brand new or renovated, which are available for sale from Clanmil housing Association. Purchase prices will be based on independent market valuations.
- Prospective buys must instruct a solicitor or licensed conveyancer to act on their behalf in the purchase.
About the Affordable Home Loans Fund
- The Affordable Home Loans Scheme is financed through the GB-wide Get Britain Building Fund. It provides ring-fenced financial transactions capital funding via interest-free loans to Housing Associations.