MTVH forms JV with So Resi, and Legal & General Affordable Homes in UK

Housing association MTVH, via its shared ownership brand So Resi, and Legal & General Affordable Homes (LGAH) have joined forces to create a 50-50 joint venture targeting the delivery of more than 2,500 shared-ownership and affordable-rent homes during the next seven years.

The first homes built under the joint venture are expected to be completed by 2025, with construction set to begin on these homes within the next 12 months. All homes will be built to meet or exceed EPC B energy efficiency standards.

The JV expects to help households in London and the South East to become homeowners.

Around 2,000 of the homes will be sold through shared ownership via MTVH’s SO Resi brand, boosting access to affordable homeownership. SO Resi is the award-winning, shared-ownership brand of MTVH – one of the country’s largest housing associations.

The remaining homes will be available for affordable rent. MTVH, through SO Resi, will bring its experience in marke