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How Many Different Schemes Are There?

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Just read about

New Supply scheme, which is a government initiative to provide affordable homes in areas where there's a shortage. For example, the properties which I am looking at are part of a development where a number of them are to be rented out by a Registered Social Landlord (like a housing association) and the rest are for sale on a shared equity basis. One sold they are owned by the people who bought them, although the RSL holds a stake in their equity. In areas where there's perceived to be a particular demand for it, the RSL keeps a "golden share" so outright ownership is never possible - the house must be sold back to the RSL effectively.

from the same post:

The Open Market scheme whereby you find a house you can't afford and the government tops you up so you can buy it is now only open to ex-service personnel or their families I thin

Edited by SarahBell

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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