THE Co-op Bank has teamed up with developer Living Space 21 to offer eco-friendly homes.
The partnership addresses the Government’s promise to increase the UK’s house-building programme by 20 per cent, which would provide an additional three million homes by 2020.
Furthermore, with the Housing Green Paper 2007 setting targets to reduce property carbon emissions by 25 per cent by 2010, the new homes will be well placed to help meet this objective.
The eco benefits of the homes include timber frames, sourced from sustainable forests; rain water capture and recycling, plus sloped roofs which maximise solar efficiency.
However, the eco-friendly features do not comprise the quality or design of the build. The contemporary apartments have been designed by Living Space 21 and their pioneering building techniques enable them to be tailored to almost any location, leaving the lightest environmental footprint possible for the price.
In addition to the green benefits of this joint venture, the housing will also provide an affordable answer for first time buyers stuck in the rent trap.
Research by the Co-operative Bank has revealed that 92 per cent of potential first time buyers are prevented from getting on to the property ladder due to rising house prices.
Living Space 21’s new-build studio apartments will be available from just £59,950 excluding land.
Ray Bedeman, Director of Living Space 21, commented: “The Co-op Bank is a natural fit for us, as their strong ethical viewpoint, which is backed up by a range of competitive products, ensures we can open up eco-housing to the widest possible range of buyers.”