Southern Housing Group, one of the largest housing associations in the south of England, will today open its highly anticipated development, The Cedars, to potential first time home buyers in Reading.
The development boasts a collection of one and two bedroom apartments and three bedroom houses available through shared ownership.*
Charlotte Floodgate, Sales and Marketing Manager at Southern Housing Group, described the new development as a lifeline for the local people of Reading wanting to step onto the property ladder.
“Aimed specifically at first time buyers, The Cedars is going to help people realise their dream of owning their own home.
“We’re particularly happy to be able to give people the opportunity to buy their first home on terms they can afford, especially in such a sought after area.
“Reading’s highly desirable mix of retail, restaurants, schools and many easy transport connections make the Cedars a fantastic opportunity to buy a home through shared ownership.
“The 14 one and two bedroom apartments, and the 3 three bedroom houses have a bright, modern, high-spec finish and have have already proved popular with the opening weekend fully booked for viewings.”
Residents of Reading who have not managed to secure a place this weekend are still able to register their interest so they can be contacted for viewings held in forthcoming weeks.
“The three bedroom houses in particular haven’t yet been released for sale and we’ll be emailing interested buyers to let them know when they become available,” said Charlotte.
To be eligible, interested buyers must be registered with the local Help to Buy agent, www.helptobuysouth.co.uk, have a household income of less than £60,000, access to savings to cover the initial costs, and not currently own a home. Further eligibility requirements may also apply.
*Shared ownership is a Government-funded initiative that offers first time buyers the opportunity to purchase a percentage of their home and pay a discounted rate of rent. Over time, they can continue to buy shares in the property until they own 100%.