Busy year as landlord Isos Housing bucks national trend

Social landlord Isos Housing has bucked the national trend of record low housebuilding by delivering a programme worth around £22m in the last financial year, building a total of 219 homes.

Social landlord Isos Housing has bucked the national trend of record low housebuilding by delivering a programme worth around £22m in the last financial year, building a total of 219 homes.

Isos, which generated £51m in sales in 2011/2012, recorded one of its busiest years for completions despite the housing sector nationwide experiencing one of its worst years for new homes since the 1920s.

The Newcastle-based company, which owns and manages more than 12,000 homes across the North East, said significant developments will continue this year, with around 100 new homes either already under construction or planned for the coming months.

On top of the 219 new homes completed in 2012/13, Isos has refurbished four empty homes in Northumberland and North Tyneside, and completed seven mortgage rescue deals, in which Isos acquired properties from homeowners struggling to pay their mortgage before renting them back to the occupants at an affordable rent.

In 2012, just 116,000 new homes were built across the UK, less than a third of the amount needed to meet demand, according to the National Housing Federation.

Isos said it is making a contribution to address the shortage in the North East, as well as supporting the National Housing Federation’s ‘Yes to Homes’ campaign, urging communities across the country to recognise the need for more housebuilding.

Isos has been building right across the region, from an award-winning scheme at Chatton in north Northumberland, down to Thornaby near Stockton, and across to Corbridge in the Tyne Valley.

Targets for developing new homes in the financial year ahead have been set, and include plans for a total of 66 homes in South Shields, Blaydon, Newcastle, Esh Winning and Belford.

Further developments, subject to planning permission being granted, are being pursued in Alnwick, Hexham, Newcastle, Prudhoe and Stockton amongst other locations.

Isos has worked closely with the Homes & Communities Agency to bring its developments forward, with significant grant funding contributing to the 2012/13 development programme.

Michael Farr, executive director of development and property at Isos, said: “We are committed to doing all we can to deliver new homes for the North East.

“We are acutely aware that thousands of people in this region are in need of better housing, so we have a responsibility to deliver high quality, affordable homes in the places they are needed most.”

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