Redwood Heights, Plympton
Tamar Housing has been working with Rentplus, Barratt Homes and Plymouth City Council to provide 27 new Rentplus homes in Plympton.
The Rentplus properties comprise of:
- 22 two bedroom houses (Rent approx £530 pcm)
- 5 three bedroom houses (Rent approx £630 pcm)
Work is well underway on site and the first new Rentplus homes were occupied in February 2018 - you can read more about the opening ceremony for these properties here.
More houses will be available at Redwood Heights throughout 2018 - keep an eye on our website and social media pages for more information.
There will be a total of 190 new homes as well as a new community park on this large development located within the popular Chaddlewood area of Plympton. The scheme is well placed with easy access to a variety of local amenities and transport links.
You can download more information about the properties here:
For information on the overall scheme you can visit Barratt Homes website here.
To apply for these homes, please ensure you are registered on Devon Home Choice by clicking here
Who Should Apply for a Rentplus Home?
Rentplus is aimed at people who are looking to move into home ownership. You might be renting privately, living with relatives or renting from a housing association or Council. Rentplus will be especially attractive to younger families who will be able to get a mortgage in 5 to 20 years.
You will need to show that you can save a deposit over a number of years, that you will be able to get a mortgage and that you are committed to home ownership.
Rentplus would be suitable for people who
- Are in work or in training
- Have been saving for a deposit or are able to do so
- People who have a good credit history or who are already taking steps to improve their credit score
Rentplus will especially suit people who are looking to buy a home but aren’t able to do so yet, as you will get the chance to save up for a deposit while living in your new home. You might be looking to get a better job, training for a career or looking for promotion.
What should you consider before bidding for a Rentplus Home?
You should consider the following questions carefully before bidding.
a) Can you afford to pay the rent and start saving for a deposit?
b) Will you be able to get a mortgage when your home comes to the end of its time as a Rentplus home?
c) How old will you be when your home comes to the end of its time as a Rentplus home? If you will be over 50 this might affect your ability to get a mortgage.
d) Are there better housing options for you?
If you are high on the HomeChoice list, waiting for a Housing Association home might be a better option.
Applying for Rentplus
Rentplus is new type of affordable housing aimed at people who aspire to home ownership. You will be able to rent a home at an affordable rent (80% of the market rent) for between 5 and 20 years. At the end of this time you will get the chance to buy your home with the benefit of a gifted deposit. Priority for Rentplus homes will be given to those bidding using Devon HomeChoice (see above link) in the first instance. Should there be insufficient applications with a local connection who bid then Tamar will consider applications made directly. To apply directly to Tamar please click on the "applying for a Rentplus home" link above.