Good transport links and less expensive housing stock are attracting more and more buyers, meaning competition for homes is fierce and although this is great for home owners, the subsequent shortage of homes is making it increasingly difficult for first-time buyers to get on the property ladder.

This is where we’re hoping we can make a difference; as part of Pobl Group, our social ethos has heavily influenced our vision to increase the opportunities available to people who want to buy their own home.

How do we do this? We specialise in offering buyers alternative routes into home ownership, providing other options for people who might be struggling to save a deposit, or afford a home that suits their family or buy in a location that’s near their loved ones. So, this is a very quick run through of the purchase options we can offer:

Shared Ownership: Buy a share of a property, typically between 50-70 per cent, and pay a rent on the part you don’t own, then buy more shares if you want to as and when it’s convenient for you.

Homebuy: When we work in partnership with local authorities or national house builders we can offer Homebuy. This allows you to buy 100 per cent of a property for a percentage of its open market value, typically 70 per cent. The remaining cost is funded by an equity loan, you can repay this loan at any time, otherwise, when the property is sold, the sale price will be split according to the relevant percentages.

Rent to Own: This Welsh Government funded initiative enables you to build up a lump sum towards a deposit while you’re renting your home; after two years of renting you can apply to buy your home and will receive 25 per cent of the rent you’ve paid towards a deposit. In addition, you will also be able to add 50 per cent of any increase in the property’s value to your lump sum.

Help to Buy Wales: Pay just 80 per cent of the property price, through a combination of a five per cent deposit and a mortgage for 75 per cent of the property’s value. The remaining 20 per cent is provided by an equity loan which is interest free for the first five years. Open market sale: We don’t just do affordable options – buy a Pobl Living home as you would any other!

We’re building hundreds of new homes across South East Wales, including in Newport, Caerphilly, Rhondda Cynon Taff and Monmouthshire. Visit our website for more information or come and speak to us in person, we’d love to chat to you over a cuppa – we can tell you about any of these homes from our sales office at Bank House in Newport NP19 7AY.

We’ll be releasing a new phase of riverside apartments at Bank House soon!

Bank House, Newport NP19 7AY

03333 312 324

www.poblliving.co.uk