Affordable Home Ownership
Due to the prevalence of many factors, the opportunity for local households to access the owner-occupier market is becoming increasingly difficult. There are a range of affordable home ownership initiatives, also known as low-cost home ownership, available or in the pipeline across many locations in the district.
With the average house price in the South Holland district (and nationally) rising much faster than local incomes, these initiatives are aimed at providing alternate routes to home ownership for persons who cannot afford to buy at market price. There are a range of initiatives available to help you step onto the property ladder, these include:
The Right to Acquire allows most housing association tenants to apply to buy their home at a discount.
As a council tenant, find out how you can apply to buy your council home for a discounted price.
If you cannot afford a property at full market value, you may be entitled to a home through the Low Cost Home ownership scheme or the Broadgate Homes Shared Equity Scheme.
Shared ownership is where you buy a share of your home and then pay rent on the remaining share.