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Investment in social housing options vital for post COVID recovery

Investment in social housing options vital for post COVID recovery

The current COVID-19 pandemic has highlighted the importance of being able to access a safe and secure home.Sarah _and _Jed _outside _their _new _home _at _Moorland _View

On the first week of a six-week national campaign, Together Housing argues that investing in social housing is investing in a stronger economy. This national campaign is urging the government to invest in social housing as the UK recovers from the coronavirus crisis.

The Homes at the Heart campaign, led by Chartered Institute of Housing, Crisis, National Federation of ALMOs, Association of Retained Council Housing and National Housing Federation, is calling for a once-in-a-generation investment in social housing.

The housing crisis makes it difficult for people to buy and afford to rent. Investing in social housing helps to provide much needed housing options in areas where people are priced out of the property market. Shared Ownership is one such housing option that makes the dream of entering on to the property ladder a reality.  

Key worker Sarah Harper, 37, a Pharmacy Technician, and her husband Jed, 35 who is setting up his own digital business, were able to move to Moorland View in Meltham with their two sons, aged seven and nine thanks to Together Homes’ Shared Ownership scheme.

The couple have a mortgage on 25% of the property and will pay rent on the remainder until they are able to buy more shares, with the goal of eventually owning outright.

Sarah said: “We were trying to save while we were renting but Jed was a student, so it was tough on a single wage. Now he is self-employed, so we’d struggle securing a mortgage to buy outright. On the open market it is all or nothing but with shared ownership we can buy at our own pace.

“We wanted to own our own place for the security, especially moving to a new part of the country. When you’re renting, you could be kicked out at any time and if you can’t get somewhere else in the same village, it’s a lot of upheaval for the kids.”

Since upgrading from a two-bedroom to a three-bedroom house, the couple are actually paying less.

Sarah said: “We are a couple of hundred pound better off a month now despite being in a house that is not only larger but also a better standard than the house we have moved from. We also expect the bills to be less as it’s a new property so is much better insulated.”

If you are interested in buying your own home but need help onto the property ladder, visit www.mytogetherhome.co.uk or call 0300 330 5533 to find out more about shared ownership.

To find out more about the Homes at the Heart campaign you can visit: https://www.housing.org.uk/HomesAtTheHeart

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