The deal is broken down into three sites across Nottinghamshire and Derbyshire.

MTVH has agreed to forward purchase 90 new homes in the former, with 65 at Vistry’s Fairham development and 25 in its Padstow site in Bestwood.

The firm is also acquiring 32 homes in Vistry’s St Lawrence Fold scheme in Clay Cross.

These units include a mixture of two-bedroom apartments and two, three and four-bedroom houses. The first units will be built and handed over this month, with handovers taking place until the end of November 2025.

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“Deals like this with MTVH which involve properties across multiple developments are hugely important in helping to tackle the crippling shortage of affordable homes in the region,” said Lee Parry, managing director of the north east midlands at Vistry.

“Our regional team is thrilled to be building high-quality affordable family homes for MTVH across the three developments, helping to transform these new sites into balanced communities that are welcoming places to live.”

Geeta Nanda OBE, CEO at MTVH, explained the deal was important in the group’s aim to provide affordable homes.

Geeta added: “This latest venture represents a significant investment, and it will help to meet the growing demand for housing and provide an affordable route into homeownership for more people.
“Working with Vistry, we believe these three schemes will help more people across the region have the chance of a decent, affordable home and to live well.”