Different types of affordable housing available locally, whether you wish to rent or buy.

Social Rented Housing

  • Is usually owned and managed by Housing Associations (Registered Providers)
  • Is offered to those on the housing register, the rent will usually be well below market levels in the private sector

Affordable Rent Housing

  • More expensive than Social Rented Housing, but rents are usually kept within local housing allowance levels.

Low Cost Home Ownership

Includes the following three types of ownership:

Shared Ownership

  • You share ownership of your home with the Housing Association (Registered Provider)
  • You pay a mortgage on your ownership percentage
  • You also pay rent to the Housing Association - this rent will be higher than social rents, but lower than market rents in the private-rented sector
  • Sometimes you will be able to buy the property outright in due course
  • Sometimes the percentage you can buy will be restricted, to make sure some properties remain as affordable housing for the future

Equity Loan Schemes

  • You own the property, but get financial help through another loan, which is secured on the property
  • This loan is partly funded by the developer and partly by the Government
  • More information is available on Help to Buy South West

Right to Buy/Right to acquire

  • You must already be renting a house from a Housing Association or the Council 
  • Contact your landlord for more information about this option

Are you interested in one of these schemes?

You must first register your interest with Help to Buy South West.