How you can benefit from our building programme
There are a number of ways you can benefit depending on your circumstances.
Purchasing a home for less
Shared ownership allows people to get on the property ladder with a much smaller deposit. Part of the property is purchased, typically starting at 25%, with rent paid on the remainder. Your stake in the property can increase over time.
For example, if you were purchasing a one-bedroom flat, typically priced at £400,000, you would ordinarily need to pay a £40,000 deposit. With Shared Ownership you could pay £100,000 to purchase a 25% stake in the property, with just a £10,000 deposit needed.
Renting a home for less
Intermediate rent offers people the opportunity to rent a home at less than the market rate. The rent is subsidised, normally at around 20% lower than what you would expect to pay if you were renting on the private market.
Intermediate rent gives people the chance to save for a deposit to purchase a home within 5 years.
Find out more about shared ownership and intermediate rent.
Moving to a home that is more suitable
Building more homes means that we can help council tenants move to a property that is better suited to their needs while staying within their existing communities. For older people this often involves downsizing to a home that is easier to manage and more economical to run.
Other housing options