Part of the Hillcrest group of companies, Northern’s mission is to provide affordable housing for the community at discounted, mid-market rents for people on limited incomes.

The rent is generally discounted from open market rent by around 15-20 per cent.

Most of the company’s activities over the last year have been in Edinburgh, but it is also managing agent for a National Housing Trust project in Broughty Ferry.

In the current year the company is extending into Angus as well as investing on improving its existing stock throughout Dundee and Perth. This year will see a full stock condition survey to allow a revised maintenance programme to maintain the standard of the properties.

Fiona Morrison, Hillcrest Group deputy chief executive, said: “We’re delighted to have had such a successful year and be providing mid-market homes to so many people. Mid-Market rent is a critical form of tenure that offers people not eligible for social housing but unable to afford home ownership, the opportunity to live in a good quality affordable home.

“Our development plans for the next couple of years will focus mainly on Edinburgh where we will increase our stock either by ownership or leasing opportunities. We are also investing heavily in upgrading and improving the quality of our stock and have allocated appropriate financial resources to do this.

“We’re very keen to raise the profile of mid-market rent and would welcome the opportunity to work with other providers to do this. It is only through offering a mixed range of tenures that we can successfully address the housing shortage in Scotland and ensure that everyone has a good quality home.”

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