We are delighted to announce the first new development of affordable homes by RHTL in nearly 10 years. With UK houses costing an average of 7.7 times more than average annual earnings, we are all too aware of the growing unaffordability of owning a home. However, for one village in West Sussex this will soon be less of an issue. The new scheme will increase the number of shared ownership properties available in the village from 3 to 9, in-line with a Housing Needs Survey conducted by the Parish Council. If this ratio were applied across the country, we would be going a long way to tackling the national challenge.
Since the foundation of Rural Housing Trust in 1970s, the organisation has been at the forefront of promoting housing in rural areas that allows people to live in the villages they have connections to. We are delighted that this announcement today once again shows RHTL’s commitment to affordable homes for local people. RHTL owns and manages shared ownership homes in 100 English village locations and we look forward to welcoming the new shared owners in West Chiltington once the development is completed.
Overview of West Chiltington, West Sussex
This development is comprised of 14 affordable homes. There will be 6 homes for shared ownership, where applicants will be able to buy 60% of the property and pay rent on the remainder. When selling these properties, priority will be given to applicants with a close connection to the parish of West Chiltington and who are unable to buy a home at full market price (click here for further information). 8 homes are being developed by Saxon Weald Housing Association (a local housing association) for affordable rent. It is expected that the house building will be completed during summer 2019.
If you would like further information on this development and the houses for sale, or any of RHTL’s properties across the country, please contact us.