The council has joined the Government-led Westcountry agency Home2own to provide more options for local people.
The agency provides affordable housing information for residents across Somerset, Devon, and Cornwall on everything to do with low-cost home ownership.
Councillor Mary Crowley, who holds the portfolio for housing, health and welfare, said: “Home2own is designed to help first-time buyers and people without enough money to buy a suitable home on the open market.
“It is a great opportunity for young people, key workers such as nurses and teachers, and local people on low incomes get on the property ladder.
“The scheme is a one-stop solution because it unites a variety of buying options and people who may not qualify for one scheme, may well find another to suit their needs.
“We are delighted the council has raised the income threshold so that households with an income of less than £35,000 per annum can apply for affordable housing if they are able to secure mortgages and also meet the local connection criteria.”
Anybody who believes they may qualify for affordable housing in West Somerset can contact Home2own’s experienced advisers, who can explain the options available.
More information is available on the website www.home2own.org.uk or by telephoning 01803 217600.
- Our photograph shows an affordable housing development at Gillams Close, Watchet. Photo submitted.
1 comment:
We are www.counciltenantsmortgages.co.uk and we are one of Home2Owns registered IFA's.
We will be updating our site on Social Homebuy following the Governments announcement on the 10% start up for Social Homebuy.
But interestingly enough No Lenders as far as we are aware have signed up for the deal as yet.
David Castle
Managing Director
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