SUNDERLAND is leading the way in helping families take their first step on the property ladder, says Lord Prescott.
The former Deputy Prime Minister was on Wearside to see for himself the work that property firm Gentoo is doing. His visit included a meeting with homeowners who have taken advantage of the firm’s Genie scheme.
Genie is an innovative plan which allows owners to buy shares in their home and requires no mortgage or a deposit.
It has successfully helped 82 families into home ownership and Lord Prescott chatted to a couple of them about how owning their home had transformed their lives.
“What I saw today was wonderful,” he said. “You are leading the way here – I would hope to deliver this as a national scheme.”
The tour continued with a visit to Cherry Tree Gardens, a 40-apartment extra-care housing development built for people aged over 55 with a care need.
It offers communal facilities including a laundry, therapy and activity rooms, landscaped gardens, a restaurant and hair salon, as well as a lounge, healthy living suite and guest rooms. John Craggs, deputy chief executive at Gentoo added: “We are delighted to have Lord Prescott with us.
“He has been a big supporter of what Gentoo is trying to achieve, and it has been great to showcase even just a small amount of the group’s range of activity.”
To find out more about Gentoo, visit gentoogroup.com for more information or follow @gentoogroup on Twitter.