First New Rent To Buy Homes Launched At Slough Scheme
Affordable housing provider Metropolitan Thames Valley Housing (MTVH) has launched SO Flexi Slough, its first project in the ‘rent to buy’ sector, a gateway into purchasing a property through Shared Ownership.
SO Flexi Slough offers a selection of 55 one- and two-bedroom apartments available to rent on a two-year fixed contract, with monthly rent capped at 80% below local market values and prices starting at £880 per month for a one-bedroom apartment. Tenants will be encouraged to use the savings from the discounted rent in order to save up a 5% deposit, in order to purchase the property using Shared Ownership at the end of the rental term. The scheme is available to first-time buyers who cannot otherwise afford to get onto the property ladder, and is capped at a household income of £80,000.
Designed around a private residential courtyard with eco-friendly planting and landscaping, each apartment comes with its own balcony or terrace as standard. Internally, all properties come complete with integrated Siemens or Bosch appliances, and are each carefully designed to maximise spaciousness and natural light – selected homes have been designed to meet the needs of wheelchair users too. All homes also benefit from gated undercroft parking with the option of electric charging points.
SO Flexi Slough
Kevin Sims, director of sales at SO Resi, commented: “The beauty of SO Flexi is that it tackles two obstacles with a single brush stroke, offering homes for rent at an affordable value, while mapping out a route to homeownership. Very often, the first hurdle for first-time buyers is building up a deposit, which is why SO Flexi offers residents the flexibility to pay into savings alongside their rent. New residents can live and save in high-quality, brand new housing without the stress, insecurity and financial strain that private renting often brings, knowing that they have been given the tools to afford to purchase their home.
SO Flexi Slough forms part of the wider Imperial Central development located on Mill Street in the heart of Slough. The new homes are just a five-minute walk from the town centre and train station, while Windsor Castle is just under four miles away, and Liverpool Street is less than 39 minutes away by rail. Prices start at £880 per month. Find out more at www.soresi.co.uk.
Find new homes for sale in Berkshire
Find new Shared Ownership homes in Berkshire
Find retirement homes in Berkshire