3,000 More Affordable Properties

The government may have struggled to build 100,000 new homes in the UK during 2009; however the actions of property developers such as Waterloo Housing Group could potentially offer the Midlands 3,000 new affordable home in the next 3 years.

Funded by Barclays who are reported to have given them £100m in new debt finance; the aim behind this scheme is for Waterloo Housing to build a further 3,000 properties across Leicestershire, Lincolnshire and the West Midlands to help families on low incomes to invest in affordable properties as well as support shared ownership schemes.


And this has come as a welcomed response from lenders who previously have been reluctant to lend finance to such schemes…

In the last 15 months, Waterloo Housing has successfully entered into a merger with Eastern Shires Housing Group and Waterloo Housing Association to create a property portfolio of 17,500 properties.

However as this funding by Barclay’s clearly proves, this merger by Waterloo Housing has opened the doors for much more affordable property prices for homeowners and more jobs in the construction sector.

With a predicted 1,000 new property developments expected to be built every year, the UK property market can only hope for more funding schemes such as these to make an appearance.

Original Article

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Peter Franklin, Property Mentor Delegate

I used to believe stocks and shares were the only way forward, yet after 15 years of property investing, neither of these can compare with the sheer velocity or impact that property investment can have on your bank account. Only with property can you truly experience the power of being in control of immediate cash flow AND capital appreciation. Stocks and shares simply cannot compete. Read more