Lovell Has Good News For First-Time Buyers

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Lovell is the country’s leading provider of affordable housing. The home builder specialises in mixed tenure developments operating at the cutting edge of urban regeneration to create truly sustainable communities. First-time buyers will have more choice later this year as Lovell continue to provide new homes targeted at them.

Lovell started 2008 with an order book of £1.5 billion, resulting from its successful partnership working with housing associations and local authorities on mixed tenure developments, large-scale housing refurbishment programmes and urban regeneration schemes.

Stewart Davenport, Lovell’s managing director said, “We anticipate continued growth across England, Scotland and Wales where we are delivering a large number of high profile housing regeneration and refurbishment schemes. With the latest Housing Green Paper setting ambitious targets for more affordable housing and putting the focus on partnerships between the private sector, councils and housing associations, the company is also in an excellent position for the future.”

Lovell will start work this spring on a £1.4 million affordable housing scheme for Broadland Housing Association at Great Witchingham near Norwich. Another project is set to start – worth a total of £3 million for the Greater Norwich Housing Partnership – on five new build schemes. Work will also commence in March 2008 on a £36 million development in Islington, North London, creating 136 apartments for open market sale, affordable rent, and shared ownership. The development is in partnership with Islington and Shoreditch Housing Association.

Through a £200 million regeneration programme in partnership with Manchester City Council and New East Manchester, Lovell have completed work on a large scale refurbishment programme for more than 1,500 council homes. Later this year, Lovell will commence work on 1,000 home mixed tenure developments at Miles Platting.

Lovell has been appointed by the English Partnership to build 91 new homes on one hectare of land in Stoke-on-Trent, The £11 million development of terraced houses and apartments is to be built in City Waterside, Stoke-on-Trent on land between the Caldon Canal and historic Hanley Park.

Regional director for Lovell Chris King said, “We are very pleased to support the regeneration of North Staffordshire with this development in City Waterside.”

Lovell’s innovative scheme will be a mix of housing types and sizes. Some will be affordable homes with a mix of rent through a housing association, shared ownership, and low cost sale. Developers were asked to come up with proposals that would meet the high standards required for this project where around 2,400 new homes are planned over the next 15 years.

Editor: Simon Weston-www.myfirsthomeltd.co.uk

Blog: www.myfirsthomeblog.com

Email: simon.weston@myfirsthomeltd.com


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