New affordable housing development for local people
Local people who earn the London Living Wage will now have access to 158 brand new properties at either discounted rent or through a shared ownership scheme.
The brand new complex is located on Dagenham's Leys Estate and of the 158 properties,105 are available at affordable rent, which is 65% market rate. For first time buyers, there'll be the chance to buy a share of their property and pay rent on the remaining price, if they can't afford a mortgage on 100% of their home.
The high-quality, modern homes give people who wouldn't ordinarily be able to afford to buy a house the chance to move away from private renting and onto the property ladder.
The brand new complex is located on Dagenham's Leys Estate and of the 158 properties,105 are available at affordable rent, which is 65% market rate. For first time buyers, there'll be the chance to buy a share of their property and pay rent on the remaining price, if they can't afford a mortgage on 100% of their home.
The high-quality, modern homes give people who wouldn't ordinarily be able to afford to buy a house the chance to move away from private renting and onto the property ladder.
