Home Reach Comes To Armed Forces Event In Bristol This Weekend

Home Reach, the ‘part buy-part rent’ homebuying initiative, is playing a part in an event taking place in Bristol on Thursday 28 October called The Armed Forces & Veterans Resettlement Expo.

The free-to-attend event will feature exhibitors covering many aspects of interest to those in the military, those leaving the military, military spouses, families and veterans. It is being held from 9.30am to 12.30pm at Ashton Gate Stadium.

Housing provider heylo, founder of the Home Reach part buy-part rent homebuyer assistance scheme, this year received a Silver Award from the Defence Employer Recognition Scheme as a result of its commitment to helping Armed Forces personnel to get on the property ladder, as well as promote jobs for service leavers and veterans with its organisation.

Home Reach is a partnership between housing provider heylo and a number of housebuilders across England which gives buyers who meet the eligibility criteria the opportunity to ‘part buy-part rent’ a brand new home. You can purchase a share of a new build home (usually starting at 50%) and pay a subsidised rent on the remainder, with heylo as the landlord. The scheme is offered on selected plots at a development and provides all the benefits of homeownership but requires a much smaller deposit (5% of the share price) and a smaller mortgage than when purchasing outright. Over time, owners can buy further shares as their budget allows, until they own 100%.

There are a number of new homes developments in and around Bristol which offer properties through the Home Reach initiative.

Boulevard View

Boulevard View is in Whitchurch, to the south of the city, and comprises 162 one- and two-bedroom apartments with high-specification fittings and bright, spacious layouts . It is perfectly placed for the Imperial Park and getting around the city and benefits from excellent bus, train and car links – the M32 and Clifton Suspension Bridge are both five miles away, Bristol Airport 6.4 miles away and the M5 is nine miles away. Boulevard View will be at the centre of Bristol's largest urban regeneration scheme, and already has a children's play area, skate park, shopping facilities, leisure centre, hospital and a state-of-the-art college.

A one-bedroom apartment can be purchased from £73,750 for a 50% share (full market value from £147,500) and requires a minimum of 5% deposit from £3,688; a two-bedroom apartment is priced at £107,500 for a 50% share (full market value from £215,000), which requires a minimum of 5% deposit from £5,375.

‘Elmslie’ house type

Great Oldbury is a new community five minutes from Stonehouse in Gloucestershire which has its own local centre, purpose-built nursery, pre-school and Primary Academy, Great Oldbury is just a five-minute drive from Stonehouse and about five miles from Stroud with their shops, pubs, restaurants, health and sports facilities. Trains run from both Stonehouse and Stroud to London Paddington, Cheltenham, Swindon and Reading. Junction 13 of the M5 is only one mile away.

Currently there are a number of three- and four-bedroom homes for sale through Home Reach. For a three-bedroom home, prices start at £146,450 for the ‘Elmslie’ (full market price £292,900) , and four-bedroom homes start from £162,500 for a 50% share of the ‘Aslin’ (full market value from £325,000).

Ladden Garden Village

Ladden Garden Village is in Yate, Gloucestershire and is bringing a wide array of one-, two-, three- and four-bedroom set within 32 acres of open space. The new community will have a primary school, nursery, local centre and a shop, and Yate Shopping Centre is within walking distance. There will also be four acres of new play areas, sports pitches and several kilometres of footpaths and cycleways to enjoy.

Right now, Home Reach is available on some two-bedroom apartments. One example is the ‘Hornsea’, which has a double-aspect, open-plan kitchen/dining/living room, two double bedrooms (one with an en suite shower room), a family bathroom and useful off-hallway storage. The price starts from £108,500 for a 50% share (based on a full market value from £217,000), which requires a minimum of 5% deposit from £5,425.

Find out about The Armed Forces & Veterans Resettlement Expo.

Find out about current Home Reach developments in the South West of England.

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