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News Archive

Elim news archive

 

Welcome to the Elim News Archive. This page displays all past news articles in chronological order that have appeared on the Elim Housing Association home page. 

You can navigate to older articles by either scrolling down this page or by making use of the archive function on the right hand side. 

 

 

Elim news archive — articles for March 2016

To rent or buy?

Culverin Close, Matson

With increasing house prices and rents we were interested to know whether those currently in rented accommodation would prefer to continue renting or would prefer to buy if they can afford it.

Affordability seems to be the key question with house prices rising by 6% in 2015 and rents in some cities, including Bristol, increasing by as much as 18%.  The average first time buyer is now 31 years old and, outside of London, will have spent a staggering £52,900 on rent before owning a home.

There are a number of options available to help those who wish to purchase their first home including:

  • The Help to Buy Equity Loan scheme where buyers with a  5% deposit can take a mortgage for 75% of the value of the property and the remainding 20% is funded by government.
  • Shared ownership properties avaliable on a part buy / part rent basis with a housing association.
  • The Help to Buy ISA will boost the savings of those saving for their first home by 25%
  • The Starter Homes Initiative in England aims to help first time buyers under 40 purchase a home with a minimum 20% discount on the market price.

 

Want to know more?

Help to Buy South Help to Buy South offers a number of different options for purchasing an affordable new or existing shared ownership home. These Help to Buy schemes are funded by the Government, through the Homes & Communities Agency.

Independent information & advice is available from Citizens Advice Bureau

This BBC calculator may help show you where in the country you can afford to live, and whether it would be cheaper to rent or buy.

 

Finally, don’t forget to vote in the next poll on 4th April

 

Read To rent or buy?…

Fire safety

Flames

 

Following a recent incident at our Greenfields Way site where a cooker ring in a caravan caught fire, causing damage and minor injuries to the occupants, we felt that it would be timely to remind all our residents to take care with regard to fire safety.

Fire safety is important for everyone but especially for those living in caravans as they often have a number of easily combustible components and fire can spread very quickly.

We have therefore arranged for the fire service to attend Greenfields Way next week to provide fire safety advice and fit, free of charge, a smoke monitor for anyone requesting one for their caravan.  We will be arranging a similar service at our other Gypsy & Traveller sites.

Any resident, whatever type of property they live in, can contact their local fire service to access free advice.

The incident at Greenfields Way could have been far more serious if a fire extinguisher had not been available to quickly extinguish the fire.   We therefore advise you to consider purchasing a multi-purpose fire extinguisher for your home.

Read more about fire safety and find the contact details for your local fire service

Read Fire safety…

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