We all know the UK needs more homes. In some areas. But we need to overcome planning blockages - especially over affordability in key areas of housing demand. Our model of affordable rent could do just that.
Nobody in their right mind could describe a shared onwership home worth £1m as genuinely affordable, and even with a 20% discount, Lucian Cook has shown that starter homes in most areas of the country will be unaffordable.
Key developers such as Redrow have announced that the government’s 1% social rent cut in July has created a “hiatus” amongst housing associations that will affect their delivery, and Build to Rent (Built on a premise of market rents, when market rents in key cities are already at 50% or more of average incomes) will not alone address affordability.
But with our model of 65% of rents at market rents and 35% at average incomes within a local area, affordability takes on a new light in key areas of demand.
And as a model which is specifically targeted at the generations currently locked out of home ownership or stuck in expensive and insecure private renting, what’s not to like?
If you’re a developer, landowner or investor looking for a viable, independent and ethical way to address any current or future affordability blockages to securing planning, get in touch to discuss how we could help turbo charge the new homes so clearly needed.
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