Vistry Group PLC is pleased to announce that it has exchanged contracts with affordable housing provider Sage Homes and will be one of the first homebuilders to deliver their Home Stepper Housebuilder Shared Ownership model (HBSO).

In partnership, Vistry and Sage Homes will deliver an initial portfolio of around 800 shared ownership homes nationally, with a market value of over £250m including both Vistry Housebuilding and Countryside Partnerships homes.

Vistry Group Chief Executive, Greg Fitzgerald, said: “We have a long track record of working in partnership with Sage Homes to deliver affordable homes and to realise the house buying dreams of thousands of customers, and this is the latest exciting chapter in that relationship.

“As the leading provider of mixed-tenure affordable homes in the country, we are acutely aware that the ability of people to access the housing market is crucial to our economy and society, and we are proud of the part we are playing in that. We look forward to building many more homes and delivering many more dreams in partnership with Sage Homes through this Home Stepper scheme.”