There are a range of schemes available to help people buy a home, or move up the property ladder.
First Homes is a new Government scheme for first time buyers. This allows you to buy a new build home at a discount of at least 30% below market value. You will need to have a deposit of at least 5% and take out a mortgage to buy the property. When you sell the property, it will have to be sold on with the same level of discount. To find out more you can visit the First Homes website
First Homes in Wealden
There are not currently any schemes being built that have First Homes. However some future new developments within Wealden will include First Homes. We will add details of planned new First Homes under New Build Affordable Homes under Construction when this information becomes available.
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 Shared Ownership website
Shared Ownership in Wealden
Housing associations alongside Wealden District Council are developing shared ownership homes in the District. To find out the most current information on the homes available please visit Rightmove and Zoopla and search for new home developments.