Shared Ownership
This system offers home ownership in a number of steps to those who cannot afford full ownership in one step in the traditional way. Initially, ownership of the house is shared between the shared owner and the local authority. Those who use the system enjoy the benefits of home ownership but have more affordable outgoings than under a conventional mortgage:
To be eligable for Shared Ownership you must be:
In need of housing and meet an income eligibility test which takes into account the incomes of the principal, and any second, earner in the household, or a person whose application for local authority housing has been approved by the local authority, or a local authority tenant or tenant purchaser who wishes to buy a private house and to return your present house to the local authority, or a tenant for more than one year of a house provided by a voluntary housing body under the Rental Subsidy Scheme who wishes to buy a private house and return your present house to the body.
Window Replacement County Hall
Tender - Construction of Local Authority Dwelling