There are a range of schemes available to help people buy a home, or move up the property ladder.
Help to Buy: Equity loan
The Government lends you up to 20% of the cost of a new-build home. You need a 5% cash deposit and a 75% mortgage to make up the rest. You won’t be charged loan fees on the 20% loan for the first five years of owning your home. The equity loan scheme is available for homes up to a maximum purchase price of £600,000. Find out more about Help to Buy
Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build home within the Wealden District.
Shared ownership schemes (part buy/part rent) are provided through housing associations. You buy a share of your home (between 25% and 75% of the home’s value) and pay rent on the remaining share. You can buy bigger shares at a later stage when you can afford to. Some shared ownership properties cannot be purchased up to 100%, in rural areas for example.
You can buy a newly built home or an existing one through resale programmes from housing associations. You’ll need to take out a mortgage to pay for your share of the home’s purchase price, or fund this through your savings.
To find out more about what options are currently available visit the Help to Buy website
Shared Ownership in Wealden
Polegate – Woodland View – all 3 properties have now been reserved
Wealden District Council are currently developing two x three bed semi- detached houses and one x three bedroom detached house for shared ownership with two allocated parking spaces to each house at Woodland View in Polegate.
Please email email@example.com for further information or if you wish to add your details to our database for any further council developed shared ownership schemes.