Mortgage lending attitudes can impact upon the delivery of schemes, not all mortgage lenders are able to offer the right product for the intermediate models on offer. Landspeed can provide examples of the need for studio and 1 bed units, that those purchasing or accessing are not always the same as those how register for housing with a local authority. They are also able to provide after sales and completion analysis about who has bought, the income thresholds and other potential clients with a housing need that can be met by this delivery approach. The biggest barrier to homeownership is the ability for an buyer to raise a deposit, Landspeed are offering a pathway to homeownership that offers less financial burden, they can offer and it is part of the presentation about the cost comparison between the products on offer and the financial backing required to obtain them. With regards to space standards on smaller units the size and layout of the units will determine the delivery numbers on a site, this improves the viability of schemes and also the local markets, looking at the number and mix of units on offer. With regards to service charges there is always the ambition to keep these as low as possible. Landspeed are keen to work with colleagues about the concept of Local Household Income Thresholds, this is about working in the local area to ensure that those with lower income levels are not excluded from opportunities to access homeownership products. Landspeed are also happy to retain and honour existing local connection criteria when applicable to a developing scheme. They can also provide monthly mortgage costing , demonstrating the significantly lower costing for the intermediate products offered by Landspeed. are photos of recent schemes that can be shared via RS, these will demonstrate how well designed and spacious the smaller units of accommodation are. Questions SL questioned is is price per unit cost? It was confirmed that this is the case, a unit price is agreed – and they buy as any other purchaser would. JS about stair casing opportunities, it was confirmed that for both shared ownership and equity there is the opportunity to fully staircase out, there are no restrictions place and there is no burden to undertake this if not required by the owner. With regards to resale the lease agreement regarding the unsold share is rolled on to the next purchaser, the property for sale is advertised on the Help to Buy website and they honour nomination agreements on resales too.
Mortgage lending attitudes can impact upon the delivery of schemes, not all mortgage lenders are able to offer the right product for the intermediate models on offer. Landspeed can provide examples of the need for studio and 1 bed units, that those purchasing or accessing are not always the same as those how register for housing with a local authority. They are also able to provide after sales and completion analysis about who has bought, the income thresholds and other potential clients with a housing need that can be met by this delivery approach. The biggest barrier to homeownership is the ability for an buyer to raise a deposit, Landspeed are offering a pathway to homeownership that offers less financial burden, they can offer and it is part of the presentation about the cost comparison between the products on offer and the financial backing required to obtain them. With regards to space standards on smaller units the size and layout of the units will determine the delivery numbers on a site, this improves the viability of schemes and also the local markets, looking at the number and mix of units on offer. With regards to service charges there is always the ambition to keep these as low as possible. Landspeed are keen to work with colleagues about the concept of Local Household Income Thresholds, this is about working in the local area to ensure that those with lower income levels are not excluded from opportunities to access homeownership products. Landspeed are also happy to retain and honour existing local connection criteria when applicable to a developing scheme. They can also provide monthly mortgage costing , demonstrating the significantly lower costing for the intermediate products offered by Landspeed. are photos of recent schemes that can be shared via RS, these will demonstrate how well designed and spacious the smaller units of accommodation are. Questions – SL questioned is is price per unit cost? It was confirmed that this is the case, a unit price is agreed and they buy as any other purchaser would. JS about stair casing opportunities, it was confirmed that for both shared ownership and equity there is the opportunity to fully staircase out, there are no restrictions place and there is no burden to undertake this if not required by the owner. With regards to resale the lease agreement regarding the unsold share is rolled on to the next purchaser, the property for sale is advertised on the Help to Buy website and they honour nomination agreements on resales too.