Livv Homes, part of Livv Housing Group, is helping residents take their first steps onto the property ladder with the launch of its latest affordable housing development, Canterbury Park. The exciting new development in Huyton, Merseyside, offers 94 new homes – 29 of which will be available through the government’s Rent to Buy scheme.
The affordable housing arm of Canterbury Park comprises a range of semi-detached and detached two, three and four-bedroom houses that are available for Rent to Buy, Shared Ownership and Affordable Rent.
Situated in a thriving new neighbourhood, the Rent to Buy properties offer a particularly attractive proposition for people who are struggling to save up for a deposit to get on the property ladder. The government initiative allows residents to pay discounted rent, equivalent to 80% of the market rate, enabling them to save more effectively towards a deposit for a mortgage.
After the initial five-year rental period, the residents may have the opportunity to buy the home they have come to know and love. If a deposit can be saved, customers will have the option to purchase the property outright, or, a percentage of their home through Shared Ownership.
Leigh Morrissey, Head of Sales and Home Ownership at Livv Housing Group, commented: “We are delighted to be launching our first homes on the Rent to Buy scheme and it’s even more exciting to see our first phase of residents starting to move in. We know that the current housing market is tough and that it can be challenging for first-time buyers to secure a mortgage or raise the deposit that is needed, which is why schemes like this are so important.
“At Livv, we believe that everyone should be able to afford their dream home. At Canterbury Park, we are offering a range of options to suit individual circumstances and the new Rent to Buy scheme is a fantastic way to help our customers take those first steps on their journey to home ownership. We’re looking forward to rolling this initiative out further in the future.”
All of the homes at Canterbury Park are built to a high specification, including integrated appliances and modern bathrooms.
One of the first residents to move into their new Rent to Buy home at Canterbury Park were Scott Shearer and Paula McInnes. Paula said:
“The house prices are much more expensive here than where we’re originally from in Scotland. Before we secured our home at Canterbury Park, we were renting separate properties up the road in Liverpool, but with Scott’s tenancy agreement coming to an end, we decided we wanted to get a place together. We’d talked about buying however, we didn’t have enough for a deposit. And with renting, it’s the price you’re paying in rent, which ultimately then makes it harder to save.
“That’s why when we saw the advert for Livv Homes’ Rent to Buy scheme, we jumped on it straight away and wanted to find out more. It offers the best of both worlds. Now we can pay discounted rent and save for a deposit over the next five years, which will help us to eventually buy the house. It’s a beautiful house and it’s a great feeling to be able to call it our own – we couldn’t be happier.”
Livv Homes is urging interested parties to apply quickly as there has been significant demand for the remainder of the Rent to Buy plots. There is currently a range of two-bedroom homes still available for Shared Ownership. Eligibility for all homes is subject to financial checks.
For more information or to register your interest in Canterbury Park, visit: https://www.livvhomes.com/developments/canterbury-park