Advertisement

Discounted Sale - (Low Cost Home Ownership)

The Council’s affordable housing policy allows us to require developers of large housing schemes to make a percentage of the homes they are building available as affordable housing. 

Usually affordable housing is provided as homes to rent from housing associations or discounted sale properties.

Discounted Sale means that the properties are sold for a percentage of their open market value. The discount available varies between parishes.  

Am I eligible?

Discounted Sale properties can only be sold to eligible households for the discounted price. This applies to the first sale and all subsequent re-sales. 

If you currently own the property you live in, you are not excluded from the discounted sale scheme. However, a discounted sale property must be your sole property.

If you own a residential property you must show evidence to the Council that it has been sold subject to contract before completing the purchase of a discounted sale property. However, you may still apply for certification of eligibility to purchase and reserve a discounted sale property.

If you own more than one residential property you will not be eligible to purchase a discounted sale property. Allerdale Borough Council may make an exception, but this will depend on your circumstances, which you must make the Council aware of when you submit an application.

Eligibility is proven if a household meets four criteria. 

If a household has sufficient available funds that would allow it to purchase the discounted sale propertyon the open market then that household will not be certified to purchase a discounted sale property.

Available Funds = Mortgage in principle + savings + equity.

Households who will fully occupy the discounted sale property will be given priority. As a house is a substantial capital investment, one extra bedroom will be allowed. If a suitably sized household cannot be found, then households who will under-occupy will be eligible.

A local connection to a parish can take one of four forms:

-    Resident in the locality for at least five years
-    Previously resident in the locality for at least three of the last five years
-    Family association with an existing resident of at least five years residence in the locality. Family association is defined as spouse, civil partner, parent, children and siblings. We will also allow family associations through marriage e.g. step parents, children and siblings.
-    Permanent employment in the locality or acceptance of the offer of employment


The area needed to prove a local connection to gets larger the longer the property is available.
 

Households purchasing a discounted sale property should be able to demonstrate they are in need of housing. This could be leaving the family home, leaving a property after a relationship breakdown, leaving tied accommodation, or needing to move to the area to take up employment.

In the event that the Section 106 Planning Obligation contains different criteria, the criteria in the Planning Obligation will be applied.
 

There are discounted sale properties throughout Allerdale with more being delivered through new developments.

Until 31 March 2018 the following properties have been built for discounted sale in Allerdale.

Low cost home properties in Allerdale
Town Street name Accommodation type
Cockermouth Moor Park 1 x 2 bed house
The Laureates 3 x 2 bed, 7 x 3 bed houses
Woodville Park 6 x 2 bed flats, 8 x 2 bed houses, 5 x 3 bed
Strawberry Grange 2 x 3 bed houses
Dearham Newlands Park 6 x 3 bed houses
St Mungo's Close 1 x 4 bed house
Great Broughton Church Meadows 2 x 2 bed houses
Great Clifton Mabel Wood Close 2 x 3 bed houses
Silloth Harvest Park 2 x 2 bed houses
Thursby St Andrews View 4 x 2 bed houses
Wigton Kirkland Fold 10 x 2 bed houses
Grange Close 2 x 3 bed houses
Scholars Green 2 x 3 bed houses
St Cuthbert's Close 1 x 2 bed house
Workington Cairns Chase 2 x 2 bed bungalows, 2 x 2 bed houses, 2 x 3 bed houses
Duffield Close 1 x 2 bed house
Wentworth Park 1 x 3 bed house

Registration


A registration scheme is in place to allow those who believe they meet the eligibility criteria to register their interest in discounted sale properties. Those on the register will be notified when a discounted sale property becomes available, and will be asked to apply if they are interested. 


This scheme will allow us to understand where discounted sale properties are most needed and will help us negotiate provision with developers. It will also help us provide a more direct service to households in need of a discounted sale property.


If your household, or anyone in it, is interested in a discounted sale property, please download and complete the registration form at the bottom of the page and send it to the address shown on page one of the form.


Please note that eligibility will be assessed at the point of application for a property and being on the register is not a guarantee that you will be certified as eligible to purchase a discounted sale property.

Further information

More information about the discounted sale scheme can be found in the Discounted Sale Guidance document and the Discounted Sale Procedure document. These documents give more information about eligibility and other issues and explain how the Council assess applications. 


For more information about the Council’s affordable housing policy, please see Policy S8 in the Council’s Local Plan (Part 1) which is available from the Planning section of the website.


If you have any queries about the discounted sale scheme, or would like a registration form, please contact us by email at housing.developmentteam@allerdale.gov.uk