A joint venture has been announced to deliver 1,000 sustainable zero-carbon homes - and they will be factory-made.
Legal & General Modular Homes (LGMH) and VIVID have announced a five-year joint venture partnership to deliver over 1000 highly sustainable, affordable modular homes; some of these will be Build To Rent.
The partnership will see Legal & General Modular Homes and VIVID - a provider of affordable homes in the south of England, with around 72,000 customers and 33,000 homes - deliver up to 300 zero carbon homes per year, starting in 2023.
The announcement of this new partnership follows closely on the news that LGMH has been selected by the City of Wolverhampton as preferred partner for the development of around 400 homes in the city.
LGMH says modular construction is crucial in delivering government targets for housing and net zero.
This new venture is part of LGMH’s programme to deliver several thousand homes a year as part of the industry drive to deliver 75,000 modular homes a year by creating new skilled jobs and improving industry productivity in factories across the country.
LGMH claims to be a sector leader in the delivery of high quality affordable and sustainable homes with each future development targeted to be certified as Net Zero Regulated Carbon.
The combination of thermally efficient materials, air source heat pumps, and solar panels results in homes that are highly energy efficient with a greatly reduced carbon footprint both during construction and across the lifetime of each home.
The firm claims it also means significantly reduced heating bills for residents at a time when household costs are rapidly rising due to their low cost in use.
It says a Legal & General Modular home is 60 per cent more efficient to run for the homeowner than a Building Regulation compliant new build home and the apartments are up to 30 per cent cheaper to heat and run than the average apartment.
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Rabbit hutches , eventually they'll come in handy coffin sizes , cut out the middle man
Even a rabbit hutch is preferable to 'temporary accommodation'. Social Housing shouldn't be luxurious, just sufficient. The PRS is there for those who want - and can afford - more.
All sounds ok until the BTR model was mentioned, tied into perpetual serfdom, being milked like a cow…. The tenant equivalent of ‘ Neo’ in the Matrix movies. The term’ you will own nothing and be happy’ is now making more sense. I never really bought into it, until recently.
They keep making unnecessary regulation and Laws, then have to make more because of the previous unnecessary Laws which is exactly what’s happening now.
Anyway don’t loose sight of the fact what’s behind all this, their Build 2 Rent chums in high place’s carving out this Business for themselves, do you not get that by now.
We the private landlords and the homeless people are just collateral damage, they are ruthless.
It was the ruthlessness which struck me, Michael. They don't care at all if they destroy our businesses and make tenants homeless in the process. And they absolutely haven't been listening to landlords' concerns.
Michael/Ellie - re BTR, don't lose sight of the hard numbers. 273,000 units built, under construction or planned. That's 5.5% of the total PRS (4.3M units). It'll be up to 8 -10% by 2030. That's still 90%+ with the private landlords. Also 300,000 units have dropped out of the PRS since 2016 at a time of increasing demand. The govt still has a huge problem hence why they're still thrashing around.
My concern is do these zero carbon homes work in practice and will they be mortgageable? I suspect they will have many issues so rendering them unmortgageable and produce little in energy savings. Very little that is supposed to save energy as in my experience when used in my HMOs resulted in any saving. The only thing that is correct about energy conservation is the first three letters it is all a con!
Jim Haliburton
The HMODaddy
Theory v in practice , or put another way the guy with the first class honours degree v the guy that can actually do the job
Yep, Jim, wood with the dreaded OSB. Try using the non British osb. Prefabs have a bad track record in Britain. Insulation is ruined if it gets wet or badly fitted. These investors won't take advice from previous debacles, the wrong tenants will
Will soon wreck them as they have with council estates. It's horrendous the way politicians live in a bubble if their own making, especially Micheal Gove !
Few yrs back Norwich council built some mews style homes on the edge of a 70s inner city council estate (NR2 the drug capital of Norwich) they looked very impressive and they won an award for them, but of course they moved the dross into them, just another inner city council estate now
Grumpy Dug, how ever many hundreds of thousands of Flats they will have, there will be all high rise Flats not houses in the main. However they’ll have every advantage and priority over existing landlords for sure.
Reminds me of a scene from a film...
"Why the f*** do I want a caravan that's got no f*****g wheels?
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