Ownership and rental options

Of the 2,818 homes in East Village, the 1,379 affordable homes owned by Triathlon Homes will cover the following tenures: intermediate rented, various models of shared ownership / shared equity and social rented:

• -Intermediate rented: 354
  

  This is where rent is set at a certain percentage below market rates, usually about 20% lower than the standard market rate.

• Shared ownership / shared equity: 350
  

  Various shared ownership and equity models will be available, providing support for first time buyers to get on the property ladder.

• Social rented: 675
  

  This refers to homes where rent is set below market rates, at a rate that is affordable for people on low incomes.

There are terms and conditions for each of these ownership and rental options. Triathlon Homes is working closely with its local authority partners to finalise this and all the detailed information will be available soon.

The majority of the remaining 1,439 private homes in the Village are to be let on a rental basis, instead of being sold, with the ownership remaining with Qatari Diar and Delancey.