Affordable Home Ownership

With the average house price in the district far exceeding local incomes the opportunity for local households to access the owner occupier market is becoming increasingly difficult. There are a range of initiatives available to help those take a step onto the property ladder.

These include:                

Shared Ownership

Buy shares from 25% and then pay rent on the remainder to a Registered Provider (Housing Association)

Shared Equity

Buy a percentage of the full market value and pay a charge on the rest

Rent to Buy

Initially rent a property from a Registered Provider with a view to buying this at a later date whereby part of the rent paid will be set aside to help with a deposit

Right to Buy

For secure Council Tenants to buy their home at a discount price depending on the number of years as a social tenant

Right to Acquire

Allows most Registered Provider (Housing Association) tenants to buy their home at a discount

Help to Buy Equity Loan

The Government lends you up to 20% of the cost of your newly built home, so you'll only need a 5% cash deposit and a 75% mortgage to make up the rest (Clicking this link will take you to an external website)

Help to Buy ISA

If you are saving to buy your first home the Government can boost your savings