Try before you buy at Stanhope in Ashford, Kent » Communities » 24dash.com

Now there are even more ways to get a foot on the property ladder at Stanhope thanks to Moat’s ‘try before you buy’ initiative! At ‘The Clocktower at Stanhope’, Moat is offering the opportunity to rent a home at approximately 20% lower rents than on the private market. At a later stage, buyers can own their home on a ‘part buy / part rent’ basis.

There are 12 x one bedroom apartments available to rent for £415 per month and 1 x two bedroom apartment for just £495 per month. The offer is ideal for people who are in a good position to purchase a home on a ‘part buy / part rent’ basis now but wish to wait in order to save towards a larger mortgage deposit. Interested applicants must meet Moat’s existing eligibility criteria for these homes which include ensuring that the income used to rent a home can be used to acquire a mortgage at a later stage.

Homes are still available to buy at Stanhope within other phases from as little as 25% through Moat’s ‘part buy / part rent’ scheme. This means that you can purchase your own home from just £17,500.

Stanhope is undergoing a £150 million regeneration and a 30-year PFI contract was signed on 17 April 2007 with Ashford Borough Council and the Chrysalis Consortium.

The massive regeneration project will see the refurbishment of 323 homes and the replacement of seven blocks of flats with 442 new high quality homes. Over 230 out of these 323 homes have been refurbished and local people have been moving into the first new homes, both on affordable tenancies and as private owners. Seventy percent of these 442 new homes (309 homes) will be available for rent or shared ownership through Moat, while thirty per cent (133 homes) will be for sale on the open market through Gleeson Homes.

The community has already seen major improvements including better roads and road finishes, new footpaths and the transformation of some open green spaces into new landscaped gardens. Stanhope is also home to a new
shopping area including a mini-market with Post Office and an off license.

For further details, or to arrange a viewing, please contact Paula Johnson, Moat’s sales and marketing senior officer on 0845 359 6377 or email paula.johnson@moat.co.uk. Alternatively, you can visit Moat’s Stanhope neighbourhood office, where a member of the sales and marketing team is available for viewings every Thursday between 9am and 4pm.

About Chrysalis:
The Chrysalis consortium comprises PFI-focused Gleeson Capital Solutions, who are the bidding and management lead, Moat, delivering affordable housing and housing management services and Nationwide Commercial, who are funding the scheme. Nationwide Commercial and Gleeson Regeneration are partners in the successful regeneration project at Grove Village in South Manchester, a £103m eight year programme which was the first substantial Local Authority housing PFI, with a similar HRA structure to the Ashford PFI.

About Moat:
Moat is a housing association providing affordable homes in thriving communities for people in the South East. For over forty years, Moat has delivered high quality general needs homes for affordable rent, supported accommodation and tenancy support services, and has a strong affordable home ownership offer. Follow us on www.twitter.com/HomeBuyUK.

Moat is one of the Homes and Communities Agency’s development partners and is also the government’s appointed HomeBuy Agent in Essex, Kent and Sussex. Employing 450 people, Moat provides excellent customer service to residents of our 20,000 affordable rented and shared ownership homes.
www.moat.co.uk