Our MyHome scheme offers our own rather different solution for local people struggling with the high cost of housing. The concept is to provide affordable homes for local people who would have difficulty buying a home without a little help.
MyHome properties are sold at a discounted price (usually 70%, 75% or 80% of market value). You’ll be able to buy your home at a discounted price without entering a shared ownership agreement – this means that you won’t have to pay any rent and you’ll own the whole property.
When selling your home in the future, you will have to sell the property at the same discounted rate you bought it for; this way the property will remain affordable for future generations.
The scheme is run in conjunction with local councils so, in order to take advantage of the MyHome scheme, you will usually need to have a connection to the area (for example, living within a certain distance from the home you’re looking to buy). There are further criteria you will need to meet and you will also need to be approved for a mortgage or have funds available. For information regarding the My Home properties currently available please contact our residential sales team 01823 257961.