- Advice for Developers
- Affordable Housing – Properties currently available
- Affordable Housing Developments
- Denbighshire Empty Homes Project
- Leasehold Schemes for the Elderly (over 55’s)
- Low Cost Homes for Sale
- Over 55’s and Extra Care Schemes
- Possible Schemes with Low Cost Homes
- Rural Housing Enabler
- Top Housing Award
- What is Affordable Housing ?
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Local Homes for Local People !
Ever thought:
‘I could never afford my own home’…….. Then think again !
Don’t Know What It’s all about ?
Low Cost Home Ownership comes in a variety of forms. There are three ways to buy into or own your own property.
Shared Ownership: Buy a percentage of a new or existing property from a Housing Association. You find a mortgage or finance for between 40% and 75% of the current market value and pay an affordable rent to the Association on the remaining share. The house is classed as your own and you will be responsible for repairs and maintenance to the property. You can, in the future, buy more of your home and pay less rent, eventually staircasing to 100% and owning your home outright.
Homebuy: You choose a property on the open market and by financing 70% of the market price you can receive a 30% loan given to you towards the cost. You don’t pay anything toward the loan for as many years as you stay in the property. In the future should you want to sell your property at the current market value, you would then pay back the 30% and hopefully make a profit on your 70%.
Low Cost Home Ownership:
These brand new properties have been discounted under a government scheme and are sold to people who are on the LCHO Waiting List at a fraction of the cost of the current market value. Any new developments in your area which are over 3 units in size should have a percentage of affordable units on to offer people on the LCHO waiting list. That could be YOU!
Want to know more ? ……
Contact The Affordable Homes Team at Cymdeithas Tai Clwyd on 0845 2303140 to get on the LCHO list or to find out more information on how you can get on the housing ladder.
(pdf, 136.94 KB) Have you heard of low cost home ownership in Denbighshire