Dunfermline-based LAR Housing Trust purchases seven properties in Crossgates with Miller Homes
A Dunfermline-based housing charity has concluded a deal with Miller Homes to purchase seven properties in Crossgates which will soon be available for long-term rent.
The purchase marks a double first for LAR Housing Trust as its first completed deal in Fife and the first time it has worked with Miller Homes.
LAR launched in October 2015 with the aim of providing around 1,000 properties at mid-market rents across Scotland over the next five years.
Work has just started on the four two-bed flats and three three-bed houses at the Blackhill Brae development in Crossgates, with completion scheduled for the end of September this year.
Chief Executive Ann Leslie said: “This is our first venture in Fife and is an important milestone in our journey. Our development at Crossgates will offer long-term security to our tenants who will enjoy the benefits of a good quality, brand new home at affordable prices. We are also delighted to be working with Miller Homes for the first time.”
LAR says it wants to help an increasing number of tenants across Scotland who neither qualify for social housing nor can afford rents in the private sector.
Stewart Lynes, Managing Director for Miller Homes Scotland, said: “Providing high quality, well designed homes is a top priority for Miller Homes and we are delighted to help deliver much-needed affordable houses to the Crossgates Community. Blackhill Brae already looks set to be a vibrant community and a great place to set up home.”
LAR has already completed deals at 10 other sites across Scotland with the initial emphasis on Edinburgh and the Lothians, and Aberdeen and the surrounding area – areas with the highest private rents in Scotland.
LAR has a number of other sites around the country under consideration at the moment, but Leslie says their success depends on continued good relations with key players in the construction sector.
She added: “Developers and builders around Scotland have been quick to offer us homes and we have had an impressive first year. With over 100 homes already occupied by tenants and another 200 under construction, we have certainly achieved more than expected since our launch. However, we need the building community to continue its support of us going forward.”