What is affordable housing?

What is affordable housing?

The Housing Strategy Team works in partnership with Registered Providers (Housing Associations) and the Homes and Communities Agency to enable the development of affordable housing in the Borough.

At High Peak, we try to provide more affordable housing in two ways – through our Planning Policy and through the provision of Government grants.

Based on the Housing Needs Survey, the council has predominantly supported the delivery of rented accommodation to meet housing need. Different types of Intermediate Housing (Shared Ownership, Discount Market Sale) have also provided an opportunity for a small number of households to become owner-occupiers who would otherwise be unable to do.

Social/Affordable Rent

The majority of social rented properties in the borough are managed by the Council and are allocated through Home Options Choice Based Lettings System.

A number of Housing Associations still operate their own housing register and you can apply directly to them, although most social housing in High Peak is let through the Home Options Choice Based Lettings Scheme.

Low Cost Home Ownership Options

Help to Buy

There are different Low Cost Home Ownership schemes available to help people access home ownership even though they cannot afford to purchase a property outright on the open market

The Government has announced a variety of initiatives known as Help to Buy to assist first time buyers and those on lower incomes the ability to buy their own home.

  •  Help to Buy – Equity Loan
  • Help to buy Mortgage Guarantee

For more information and the eligibility criteria for both these initiatives please visit the Help to Buy website for more information.

Shared Ownership

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.

To buy a home through a shared ownership scheme in the High Peak you will need to contact Help to Buy Midlands directly.

For more information please contact Help to Buy Midalnds directly on 03458 50 20 50 option 2  or email or visit their website.

Last updated: 17th April 2015

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