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Posted in: Homes for housing employees
Firstly I’d like to introduce myself. I’m Steve Hicks and I’m Chief Operating Officer of Gentoo Genie Ltd.
I though I would share with you a new and innovative product we have created which enables consumers to move into a new home without the need for a mortgage or a deposit.
Although this product wasn’t created just for our own employees, a number of them have seen the benefits and took advantage of the Genie Home Purchase Plan.
A long-term structured payment plan, the Genie Home Purchase Plan enables you to acquire a share of the home by making one residency fee payment each month.
The payment plan is flexible and lets you own up to 100% of a home over the 25-year term of the agreement.
One member of staff Lorri Haig and her partner David Newton had been privately renting for a number of years, but decided to move into Lorri’s parent’s house with their daughter Izzy, 1, last year to save for a deposit.
Lorri works in the Genie applications team and it was during her training that she realised Genie could provide the ideal solution to the family’s housing worries.
The family completed the applications process and moved into a three bedroom home at one of Gentoo’s developments in Sunderland in December.
Another staff member, Carl Hunter and his partner Lisa Gaines are also enjoying life in their new Genie home. Carl and Lisa had calculated that it would be around 5 years before they would have the deposit to qualify for a mortgage.
Visit www.justaskgenie.co.uk to find out how the plan works and tell us where you’d like to see Genie available.