Huge interest in shared ownership houses

June 05 2016

COMPETITION was intense for four new shared ownership homes on the former St Matthias College site in Fishponds.

home

COMPETITION was intense for four new shared ownership homes on the former St Matthias College site in Fishponds.
Housing association Merlin had 26 applications to buy the properties -  nearly seven per home - and all were snapped up within seven days.
The properties are being built in partnership with Barratt Homes as part of a larger development of more than 200 houses.
Merlin’s sales & home ownership officer Samantha Dore said: “There is huge demand for shared ownership homes at the moment. People are finding that they cannot afford to buy a home outright and so shared ownership offers them an opportunity to own part of a home.
“These homes in Fishponds are still being built, but should be ready for the lucky four applicants to move into in July.”
Of the 65 homes Merlin are building on the site of the former college, 15 will be for shared ownership. The next home on the site will be available later this autumn. Merlin, which owns or manages more than 8,200 homes, mostly in South Gloucestershire but also in Bristol and B&NES, is planning to start work on 350 new homes this year.