Low paid workers in Gipton and Seacroft are being given an opportunity to take part in a new ‘Rent to Mortgage’ scheme to help save a deposit for their own home.
With the recession making mortgages hard to come by for more and more people a revolutionary new scheme, developed by Leeds City Council, will see 10 brand new two and three bedroom homes in east Leeds be more accessible for low earning Leeds residents.
Eligible applicants will be offered an attractive rent level and a tenancy of up to five years in which to save up a deposit for a mortgage for all, or a part, of the cost of their home.
The homes, on Bellway Homes’ Oaktrees development in Gipton and Parkside in Seacroft, have energy efficient gas central heating, fitted kitchens and master en suite bathrooms.
Councillor Peter Gruen, executive board member for neighbourhoods and housing, said:
“Low paid working families will be able to see real rewards for their hard work with a boost up the property ladder. I’m very pleased to introduce this brand new scheme for Leeds, the result of groundbreaking partnership work to create sustainable neighbourhood change.
“As well as benefiting the families who take advantage of the scheme, the whole of Gipton and Seacroft will benefit from an improvement in housing choice, quality and opportunity.”
Leeds City Council’s East Leeds Regeneration Team has developed the scheme alongside East North East Homes Leeds, who will manage the new tenure type on behalf of Leeds City Council.
Angelena Fixter, chairman of East North East Homes Leeds said:
“In these challenging economic times, we’re hoping to open doors to home ownership for people on modest incomes. I’m delighted that this scheme will help give people a hand up on to the property ladder while also adding to the area’s community mix.
“The scheme, together with information on who can, and how to, apply, will be advertised in the near future.”
To be eligible for this new scheme you have to be employed within Leeds and not earning more then £60,000 a year as a joint income with a partner.
For further information about how to apply for the rent to mortgage scheme please contact Louise Almond at East North East Homes Leeds on 0113 247 6380.
Notes to editors:
East North East Homes Leeds (ENEHL)
East North East Homes Leeds is one of three Arms Length Management Organisations (ALMO) that manage and maintain council housing on behalf of Leeds City Council. It is wholly owned by the council, which retains ownership of housing stock and sets rents.
East North East Homes Leeds manages 19,000 council-owned residential properties in Boston Spa, Burmantofts, Chapel Allerton, Chapeltown, Collingham, Gipton, Halton Moor, Harehills, Linton, Meanwood, Moor Allerton, Moortown, Seacroft, and Wetherby.
East Leeds Regeneration is …
• Working with the community and partners to improve neighbourhoods
• Investing now and for the future
• Improving quality of life and choices for local people
For further information on east Leeds regeneration please call 0113 2143487 or email email@example.com.
For media enquiries, please contact:
Emma Whittell, Leeds City Council press office, on (0113) 2474713