Affordable Housing Scheme - Discount For Sale Properties
As part of planning applications for Housing Development, there is a requirement where financially viable to provide a percentage of affordable housing.
One of the types of affordable housing that can be provide is “Discounted for Sale”. This type of housing’s price is discounted normally by 30% from the open market price at the time of sale.
There are 3 qualifying criteria to purchase & occupy discounted for sale housing:
1. Unable to obtain a mortgage for 10% more than the discounted price of the property
- e.g. discounted price £100,000 to qualify must not be able to obtain a mortgage for £110,000 or more. Applicants will also need to be able to fund any deposit required by the mortgage company
2. Local Connection
- lived in Ceredigion or an adjoining town/community council area (or a combination of the two) for a continuous period of 5 years (some older properties require continuous 10 years in the last 20 years residency in Ceredigion only)
OR
- need to live in Ceredigion to substantially care for or be cared for by a close relative who has lived in Ceredigion or an adjoining town/community council area (or a combination of the two) for a continuous period of 5 years (some older properties require continuous 10 years in the last 20 years residency in Ceredigion only) and the relative’s property is incapable (whether as it stands or subject to extension) of meeting the needs of the combined household
OR
- are employed in Ceredigion as a key worker on a full time (35 hours) permanent basis. For these purposes a Key Worker is:
- A teacher in a school or in a further education establishment or sixth form college;
- A nurse or other skilled health worker in the National Health Service;
- A police officer;
- A probation service worker;
- A social worker;
- An educational psychologist
- An occupational therapist employed by the local authority;
- A fire officer;
- Any other person whose employment fulfils an important role in the provision of key services in Ceredigion where recruitment from within the County has proven difficult. This would need to be agreed with the Local Authority and recruitment evidence would need to be provided
3. The applicant will occupy the property as their sole residence
- and will be required to confirm that they do not own other residential property
If you are applying for an affordable property jointly only one applicant needs to qualify for the Local Residency/Key Worker/Carer Criteria. Both will need to qualify for the financial and occupancy criteria.
This type of housing remains affordable with the above qualifying criteria for its lifetime.
Discount for Sale Housing is advertised for sale normally through local estate agents.
Application Forms
Please complete an application form and send the appropriate evidence stated below to ldp@ceredigion.gov.uk. Please check that you have the correct version of the form as, one is for Discount for Sale Properties approved under the Unitary Development Plan (UDP) (residency criteria is 10 continuous years in the last 20 years in Ceredigion) and the other is for Discount for Sale Properties approved under the Local Development Plan (LDP) (residency criteria is 5continuous years any time in your lifetime in Ceredigion or it’s adjoining Town/Community Councils). If you are unsure which form to complete please contact us with the address of the property that you're applying for so that we can advise.
The documentation needed to prove your eligibility are: