Mortgage & Property Advice Centre for First Time Home Buyers

Manchester pioneering key worker homes

05-Aug-2005

Key workers in Manchester are benefiting as the city enjoys a boom in affordable housing developments.

Click here for information about key worker homes

A number of affordable housing schemes have already been completed and sold off to key workers and first time buyers across the region.

And renowned architect Will Alsop is currently completing his first UK residential development, in Manchester's New Islington, which will be sold to first time buyers and the city's key workers thanks to assistance from the local authority.

Meanwhile, private developers are also looking to help out, with Plumlife in the process of creating a number of shared ownership flats for aspiring homeowners who are struggling to make their way onto the first rung of the property ladder.

Click here to learn more about joint ownership, buying with friends or family

The moves are putting Manchester at the forefront of affordable housing development in the UK, and the area is thriving on the increased interest the new properties are creating among key workers, as more workers are now moving to the region to benefit from being able to get onto the first rung of the housing ladder.

See what’s in our unique, comprehensive and detailed joint ownership guide

Click here to find out about the finances of borrowing with friends, to find out how much you can borrow together and what it will cost you

If you want to post your comments on today's news in the FirstRung Forum click here

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