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Low Cost Home Ownership options  

Low cost Home Ownership is aimed at people who are:


• First time buyers
• Unable to afford to buy a home on the open market
• Looking to rent a home but cannot afford to pay market rents


The Council works closely with housing associations and private developers to make affordable homes available. There are many different types of affordable housing available including shared ownership, affordable rent, discount for sale properties and Government assisted schemes such as Help to Buy.


1. Discount for Sale


Properties are offered for sale to eligible purchasers at a discounted price of the full market value.

 

2. Shared Ownership


If you cannot afford to buy a property outright, shared ownership allows you to part buy and part rent your home.

 

3. Help to Buy


Help to Buy offers two alternative ways of becoming a home owner. Instead of part buying and part renting your property, a Help to Buy equity loan allows people to purchase a new build property with help from the Government.


The Help to Buy mortgage guarantee scheme works in the same way as any other mortgage except that the Government offers lenders the option to purchase a guarantee on mortgage loans.


Where to find help


• Email: affordablehousing@cheshirewestandchester.gov.uk
• Post: Housing Strategy and Policy, Ground Floor Council Offices, 4 Civic Way, Ellesmere Port, CH65 0BE
• Telephone: 0151 356 6410

More information about the different types of affordable housing can be found by clicking here.