Some 160 ‘affordable’ rental homes have launched at Sleaford, on the edge of the Fenlands, in the Lincolnshire countryside.
The Handley Chase development features two bedroom semi-detached or end-terrace properties that can be rented for just £660 per month under the government Rent to Buy scheme.
They offer open-plan kitchen/dining space looking out onto the garden.
Donna Gadd, area sales manager at Platform, said: “This is a great opportunity for people in the Sleaford community looking to be homeowners
“Our priority is giving people the chance to climb the property ladder and these new government schemes are more important than ever right now.
“The Shermont Style property is a modern and spacious home helping people achieve home ownership”
Rent to Buy is a government scheme that enables individuals to rent a home at a reduced rate, while saving up for a deposit over a period of up to five years.
Renters will typically pay a reduced rent of 80% of the home’s market value and the remaining 20% will go towards a deposit for future purchase.
During or after the tenancy residents will be able purchase the home via Shared Ownership, or buy it outright once the five-year period has ended, allowing them flexibility to choose the option that suits them best.
The local area has several primary and secondary schools and a variety of amenities via, car, bus and train.
