Information on Low Cost Home Ownership
Affordable Home Ownership
A common driver to entering the affordable home ownership market remains the inability of buyers to purchase on the open market due to lack of affordability and problems obtaining a mortgage. There are a range of affordable home ownership products that enable people to take their first steps onto the housing ladder, many of which are funded through the Homes and Communities Help to Buy programme.
Help to Buy is the government umbrella brand for affordable home ownership and applicants wishing to benefit from any of the schemes will be assessed against the relevant eligibility criteria.
The Help to Buy brand represents a set of products designed to help social tenants and others in priority need purchase a suitable home.
There are a number of affordable options available to you if you are trying to get a foot on the home ownership ladder but cannot afford market prices or if you are having difficulty raising a deposit.
Affordable home ownership options can help you buy a home suitable for your needs. To qualify for any of the options you must:
• Be registered with the local Help to Buy Agent, which for Kettering is Orbit Help to Buy Agents.
• Be unable to afford to purchase a home on the open market
• Have a household income of less than £80,000 (for Shared Ownership)