Rainham flats to give first time buyers a helping hand
PUBLISHED: 13:35 10 March 2015 | UPDATED: 13:35 10 March 2015
A new development in Rainham will give nearby residents a foot up on to the property ladder.
Perspective buyers will be able to purchase properties at Taplow House on a shared ownership basis.
This will mean that prices for the sixteen one and two bedroom apartments start at £56,000.
Located close to Rainham Station and adjacent the library, in Ferry Lane, the flats, owned by Havering Council, have balconies, fully fitted kitchens and gas central heating.
The new development follows a regeneration project of the historical Rainham Village by the authority.
Cabinet member for housing services and deputy leader of the council, Cllr Damian White, said: “The Taplow House development is our way of supporting aspiring homeowners, and is a key part of our drive to help hardworking people buy a home of their own.”
Shared ownership schemes are usually provided through housing associations, but the Taplow House properties will be delivered by the Council to ensure local residents get priority.
Residents will be able to buy to a share of their home – from 25 per cent to 75pc of the home’s value – and then pay rent on the remaining share.
Shares can be brought at any time and this is known as ‘staircasing’.
For further details and to register your interest please contact the Liberty Housing Team on 01708 431010.