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Pam Johns who manages our Holsworthy Office comments on the Localism Bill and Holsworthy leading by example! She says…….. “there’s exciting times ahead locally with this Government committed to a “Localism Bill” meaning if there’s over 70% support for a scheme to build some houses for local people in a village/hamlet etc, the Local Housing Trust will NOT need to obtain planning permission from the Local Authority!……Already having a strong Community Property Trust in place, Holsworthy is “ahead of the game”, so to speak!”
The Holsworthy Community Property Trust (HCPT) was formed in 2005, first as a company limited by guarantee and then as a charitable company. Five flats had to be provided by a developer where an old supermarket stood, a “deal” was done with the developer having borrowed the monies from “equitable lenders” – Charity Bank and Venturesome – and then those five flats sold to local people on a shared equity basis, approximately 70% buyer and 3-% HCT. No rent or interest on the 30% just on an equitable mortgage to buy a house of their choice in Holsworthy – A Do It Yourself Shared Ownership scheme. It’s not just the Prince’s Trust doing this work!
To speak to Pam Johns telephone 01409 253425
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