Low cost home ownership

Our Housing Options team can advise you on a variety of options which may be available to you if you are thinking of buying your own home. These options include mortgages, low cost home ownership and the Home Buy scheme.

What is low cost home ownership?
If your earnings are not high enough for a mortgage for the full price of a suitable property, you may be able to purchase a home under a low cost home ownership scheme. These schemes mean you can buy a share in the property and pay rent on the part that you do not own.

Purchasing a property that you are renting
In some cases you may be able to purchase the property that you are currently renting, for example from a housing association. If you are interested in doing this, you should contact your landlord.

How does the Home Buy scheme work?
The Home Buy scheme helps people to buy a home on the open market through a loan from a local housing association for 25% of the purchase price.