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  • Government Home Ownership Schemes

    Schemes designed to help people on modest incomes who cannot afford to buy a home without help but who can meet the long-term financial commitment of home ownership.

    Key worker living

    Helping key workers in London, the South East and East of England to buy a home, upgrade to a family home or rent a home at an affordable price. Apply to your local zone agent.

    Right to Buy

    The scheme that allows tenants to buy their council homes at a price lower than its full market value.

    Right to Acquire

    Enables some housing association tenants to buy their rented home at a discount. Only applies to properties built or acquired by housing associations with public funds from 1 April 1997 onwards.

    Voluntary Purchase Grant Scheme

    This scheme may allow some housing association tenants, not eligible for the Right to Acquire, to buy their rented home at a discount. The scheme is entirely voluntary for housing associations who opt into it.

    Homebuy

    Offers qualifying applicants an equity loan to meet 25% of the cost of either buying a home on the open market, or one newly built by a housing association. Priority is given to existing council or housing association tenants, and those on waiting lists.

    Conventional Shared Ownership

    Enables applicants to buy a share of a property built, purchased or renovated by a housing association and pay rent to them on the remaining share. Priority is given to existing council or housing association tenants, and those on waiting lists.

    Cash Incentive Scheme

    Some local authorities run a cash incentive scheme where a grant is paid to a council tenant wishing to buy a home in the private sector. This is done to release the vacated accommodation for letting by those in housing need.

    Research into low cost home ownership

    The full range of reports published on low cost home ownership and low cost home ownership schemes (excluding The Right to Buy).

     

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