New opportunity for Peterborough's first time buyers

27-Jun-2005

Peterborough's Axiom Housing Association has revealed that it is entering into a deal aimed at increasing the number of affordable homes available in the region.

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The deal between Axiom and The Longhurst Group is designed to accelerate the development of quality affordable housing, and although the homes will initially be for renting, the fact that they are cheap will make them ideal for aspiring homeowners looking to take advantage of the government's Right To Buy scheme.

Many aspiring homeowners in the area are hoping that the new partnership should help them take an alternative route to getting onto the first rung of the property ladder by renting the affordable homes first.

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"This arrangement will enable us to fulfil our growth plans, whilst at the same time retaining our independence," explained Axiom's chief executive Richard Hall.

The Longhurst Group is aiming to build around 1,000 affordable homes per year in the East Midlands region, and the agreement with Axiom will ensure that some of those homes reach those most in need of relief when looking to get onto the first rung of the property ladder.

Click here for advice on first time buyer mortgages or to find out how much you can borrow and how much it will cost you, from the UK's leading High Street Brokers, Bradford and Bingley

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