Lloyds Living continue growth in the South Midlands

Lloyds Living, a provider of high-quality housing for private rent and shared ownership, and Miller Homes, one of the UK’s largest privately owned national homebuilders, are set to deliver new homes through a forward funding deal which will see 105 units provided in Houghton Conquest, South Midlands.

All 105 units will be available under Lloyds Living’s Pathways Flex shared ownership scheme, offering a more accessible route to homeownership. This strategic collaboration marks a significant step forward in addressing housing needs in the area, with the homes provided as part of a wider development of 692 units.

The 170-acre Bedfordshire site, named Pembroke Chase, is set to transform into a vibrant mixed-use development, offering a diverse range of housing options, including private sale, affordable housing, and single-family build-to-rent (partnerships) homes.

Additionally, the development will feature an 87-acre country park, playing pitches and a primary school. This deal is the second collaboration between Lloyds Living and Miller Homes within the space of just over a year, following the previous deal of 100 units at Miller Homes’ development Roman Croft in Telford.

Matthew Bench, Group Managing Director – Partnerships at Miller Homes, said:
“Miller Homes is delighted to have agreed another deal with Lloyds Living to deliver 105 homes for the private rental and shared ownership sector in Houghton Conquest, and we hope this forms the foundation for many more in the future. We look forward to providing high-quality and sustainable homes for the area and investing in the neighbourhood to ensure that the community we build, and the people living in it, can grow and prosper.  

“Building private rental and shared ownership homes as part of our business model, like these for Lloyds Living, allows us to continue diversifying our portfolio, while creating new opportunities for land acquisition and supporting our overall growth ambitions to 6,500 homes per year.”

Matthew Burgess, Chief Investment Officer, Lloyds Living said:
“This deal showcases our efforts to provide more new quality homes for the market, in the areas people want them the most. Working with Miller Homes allows us to do exactly that. With our shared ownership scheme Pathways Flex, we’re able to support customers who want to get their foot on the property ladder. We look forward to welcoming our customers at Pembroke Chase.”

The Pembroke Chase development boasts excellent connectivity via road and rail. Nearby Bedford train station provides swift links to London in under an hour and connections to the East Midlands.

Located in a cluster of villages 13 minutes south of central Bedford, the site forms part of the wider Wixam Park masterplan, which includes over 1,500 homes and five-acres of employment land.

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