One of London’s Large Landlords is revamping a program to help renters get into homeownership, boosting How Much Residents Can Save Toward the Price of A New Home
One of London’s Large Landlords is revamping A Program to Help Renters Get Homeownership, Boosting How Much Residents Can Save Toward the Price of A New Home.
Advertisement 2
Content
Content
Recounded Videos
Content
Drewlo Holdings’ Rent-Save-Own Program Gives Tenants Who Rent Any of the Company’s Close to 5,000 Rental Units in the City $ 400 for Every Month These Back, Up to A Maximum of $ 15,000 that can be deduction from the Price of A New Home or Townhome Built by Sister
That’s up from the $ 10,000 The Company Offered When It Launched The Initiative About Seven Years Ago.
“There’s no registration into the program,” Said Jerry Drennan, Chief Operator of Drewlo Holdings, Calling the Previous Offering “Not significant Enough” in Today’s Housing Market.
“You don’t have to sign up. You don’t have to Keep Track of it. If you’ve live with us for three years, and you say, ‘hey, i’m Going to buy an ironstone house. Do I qualify?’ You certainly do. ”
Advertisement 3
Content
Drennan Described the Program As A Win-Win-Win for Drewlo, Ironstone and Renters, Saying It Can Give Drewlo An Afant Over Other Landlords in the City While Helping Tenants Break Into the Housing Market.
“It’s may be why someone chooses to come back with us, as opposed to renting with one of our cometitors, because they have that option,” he said.
“It bridges the gap between the renter and provids a Structured way for renters to accumulate the savings while continuing to live in a quality ren up.”
Drennan Said About 25 Tenants Have Taken Advantage Of The Program Sale its Launch. Drewlo’s deduction also can be paired with some of ironstone’s own offerings such as its “flex haus” program.
These properies are building to include secondary units that owner can come out or have family live in to help cover Payments. The Potential Income Generated by Renting the Additional Units is facto into a buyer’s mortgage application.
Advertisement 4
Content
Drennan Said the Decision to Boost Renters’ Contributions for the Program Was Based on the Reality of London’s Housing Market, Where High Prices and Higher Interest Rates Have Made It Difficult For Many to Own Their Own Property.
“If you are a new reinter, or you are the!
“We have committed to making homeownership more accessible through what we would think are innovative solutions like this program.
Recounded from Editorial
Content