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Affordable housing explained

Whatever your situation there is an option for you to buy or rent a home that is affordable to you.

Affordable rent

Register with Home Options - this website provides housing association properties. We nominate people for affordable housing based on interest registered on the Home Options website.

A number of housing associations still operate their own housing register and you can apply directly to them.  Find their details on our Find a home webpage.

Low cost home options schemes

Discounted market sale

Properties are offered for sale at a discounted price of the full market value. For example, a £100,000 house with a 25% discount would be offered to eligible applicants for £75,000.

This is not a shared ownership scheme and even though there is a discount on the sale price, the purchaser still owns 100% of the property. When you want to sell the property, you must do so on the same terms, which means you must sell it with the same level of discount you received and to someone who meets the criteria for affordable housing.

Help to Buy

The government has announced a variety of initiatives known as Help to Buy to give first time buyers - and those on lower incomes - the chance to buy their own home.

There are several schemes available:

  • Help to Buy - equity loan
  • Help to Buy - mortgage guarantee
  • Help to Buy - shared ownership
  • Help to Buy - ISA

For more information, visit the  Help to Buy Midlands website.

If you register on all these schemes you will give yourself the best chance of finding a suitable property.