Throughout the lifecycle of a development the mix of home ownership models, sometimes called tenures, can change to reflect the needs of the community. This means some of your neighbours will own their homes outright or rent them from a private landlord.
Some will share ownership with a provider and others will live in homes which are classed as ‘affordable homes’ and these neighbours will either own a share of the property or rent them from the local housing associations.
These homes will be built as part of the planning consent for the development, where a number of new homes will be designated as section 106 affordable housing. These properties will remain as affordable housing and are not available for private sale.
The video below gives you a run through of a typical development and the types of homes which are available.
100% of the property is owned by the purchaser.
Ownership of the property is divided between the purchaser and a specialist partner. The share that a purchaser owns can vary between 10-75%.
These homes form part of our Section 106 agreement which is part of our planning consent for the development.
The mix of home ownership types on a single development can vary throughout the lifecycle of the development depending on factors such as the location, size, and nature of the development, as well as local housing needs and policies.
While our developments may not feature every type of home ownership, they always reflect the needs of a diverse local community.
For information on the tenure of properties available on your chosen development please contact the Sales Consultant and they will be happy to help.
References to “we”, “us” or “our” are to the part of the Vistry Group (including Linden Homes, Bovis Homes, Countryside Homes, Drew Smith or one of Vistry’s joint venture companies) from which you are intending to purchase a new home. References to "you” and “your” are to the prospective buyer or buyers of a new home from us.
All images are used for illustrative purposes only and are representative only. They may not be the same as the actual home you purchase and the specification may differ. Images may be of a slightly different model of home and may include optional upgrades and extras which involve additional cost. Individual features such as windows, brick, carpets, paint and other material colours may vary and also the specification of fittings may vary. Any furnishings and furniture are not included in any sale. Please check with our sales consultants for details of the exact specifications available at the development(s) for each type of home and the associated prices.
