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Housing Today
Trusted media brand of the Chartered Institute of Housing
Peabody to sell off 500 DIY shared ownership homes in the new year
Legal & General understood to be interested in acquiring the homes
Peabody is selling around 500 homes that it provided under an “old product”, the Do-It-Yourself Shared Ownership (DIYSO) scheme, to free up capital and concentrate on its core business.
A Peabody spokesperson told Housing Today that the DIY shared ownership homes are far from the housing association’s core activity of providing social homes and that it is trying to be careful with spending.
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