Affordable Housing

Looking For A New Home?

The worsening of the UK housing crisis is well publicised, with the Government vowing to deliver 300,000 new homes every year.

The pressure on the housing market is significant with the demand for homes outstripping supply. An increase in life expectancy, immigration, single person occupancy and the demand for second homes being just some of the contributing factors.

Bromsgrove is a highly desirable, but expensive place to live. For many first time buyers and young people, house prices are out of reach, with ever increasing deposits and monthly payments reducing the number of owner occupiers. 202 of the 505 planned new homes at Whitford Green will be affordable giving local people who are struggling to get on the housing ladder the opportunity to find a place they can call home.

Struggling To Get On The Housing Ladder?

Are you struggling to get on the housing ladder to buy your own home? Or on the Bromsgrove District Council Housing Register? Be the first to hear the latest news on our Affordable Homes by emailing us at info@catesbyestates.co.uk or filling in our comment form here.

We are keen to hear from young professionals, key workers, renters and housing register applicants.

What Is Affordable Housing?

Affordable housing is social rented, affordable rented and intermediate housing, provided to eligible households whose needs are not met by the market.

Help To Buy

The government has created the Help to Buy schemes including Shared Ownership and Equity Loans to help hard-working people like you take steps to buy your own home.

With the government's Help to Buy Shared Ownership scheme you can buy as little as 25% or as much as 75% of a home and pay rent on the rest. 

Help to Buy Equity Loan makes it possible to buy a home with just a 5% deposit whilst Help to Buy Shared Ownership deposits are typically much lower than buying traditionally.

Social Rented Housing

Owned by Local Authorities and private registered providers.

 

Intermediate Housing

Homes for sale and rent provided at a cost above social rent, but below market levels. 

These can include shared equity (shared ownership and equity loans), other low cost homes for sale and intermediate rent, but not affordable rented housing. 

Affordable Rented Housing

Let by local authorities or private registered providers and subject to rent controls that require a rent of no more than 80% of the local market rent.