Last year more than 250 households achieved their dream of owning their own home in Wiltshire with an average household income of just £29,000 – find out how they did it

17th September 2019, 1:07pm | By Marc Read |

Last year more than 250 households achieved their dream of owning their own home in Wiltshire with an average household income of just £29,000 – find out how they did it

People are being encouraged to find out more about owning their own home as Wiltshire Council invests in a range of affordable housing.

During national Shared Ownership Week, the council is keen to dispel myths around who can purchase a shared ownership home and ensure people are aware of the opportunities available.

In 2018-19 there were 752 new affordable homes built and completed in Wiltshire – the highest rate of delivery since Wiltshire Council became a unitary authority in 2009. Over one third of those new homes were offered for sale as shared ownership homes.

Shared ownership is a form of low cost home ownership for those who wish to own a place of their own, but cannot afford to buy a property on the open market. It provides an affordable, smart way to buying a new or resale home.

You purchase a share in a property – usually a minimum of 25% of the home’s value – and pay a subsidised rent on the part you don’t own.  You live in the property and maintain the property the same as if you owned it in full.  In future, if you wish, you can usually buy further shares until you own your home outright.

Qualifying applicants can purchase a share of a home from a housing association or the council, and pay rent to the housing association or council for the remaining share.

If people have a household income of less than £80,000 they can register for shared ownership housing.

Shared Ownership is also for people later in life who are looking to move into more suitable accommodation but can’t afford to purchase retirement living accommodation on the open market. Wiltshire Council offer this opportunity at two retirement living schemes in the county: Evergreen Court in Amesbury and Needham House in Devizes.

Older Peoples Shared Ownership (OPSO) means people can sell their existing home and purchase up to 75% of the market value and pay no rent on the remaining 25%.  There is no set income or capital threshold, each case is taken on merit, including whether you could afford to purchase something in the open market and what care costs you may incur in the coming years. To be considered for OPSO people need to register on Homes 4 Wiltshire

Richard Clewer, Wiltshire Council Cabinet Member for Housing said: “Many people don’t realise they can own their own home through a scheme such as shared ownership. They don’t think they are eligible or they’re not suitable and it’s time we dispelled those myths.

“Across the county we are building affordable homes and investing in shared ownership schemes. I would really encourage people to come forward and find out more about shared ownership and how it can benefit them.”

Applicants can register for shared ownership schemes through Help to Buy South

Wiltshire Council also has more information on shared ownership housing on its website

Comments and Discussion

Comments are closed.

Make a Post

You must be logged in to add a post.
Wiltshire Council Get Active Holiday sport programme keeps kids active this summer

Wiltshire Council Get A...

With the summer holidays only a few weeks away, Wiltsh...
First steps for new groups

First steps for new groups

When you are thinking about setting up a new group, it...
Change your life and someone else’s

Change your life and so...

Alzheimer's Society's Side by Side service is a volunt...
Opening a bank account

Opening a bank account

Running any group costs money and it’s a good idea t...
Managing your money

Managing your money

Information and tips to help your whole committee take...
Wiltshire Council Get Active Holiday sport programme keeps kids active this summer

Wiltshire Council Get A...

With the summer holidays only a few weeks away, Wiltsh...
Setting the aims of your group

Setting the aims of you...

It’s a good idea to  work out the aims of your gro...
What’s On In Salisbury This Christmas?

What’s On In Sali...

Salisbury is beautiful at any time of year. But at Chr...
Repair cafe

Repair cafe

"The UK generates 26m tonnes of waste every single yea...

MarcReadCEM

Local News : Dementia Advisers are here to help - http...
Important news for all budding community reporters

Important news for all ...

You may have noticed that we have changed the look and...
The Learning Curve

The Learning Curve

We are an established charity, and have been providing...
Summer sports camps with 360 Degree Sports Coaching – book now!

Summer sports camps wit...

360 degree Sports Coaching received around £1000 from...
Fundraising Event Volunteer

Fundraising Event Volun...

Julia's House, The Wiltshire and Dorset Children's Hos...

MarcReadCEM

Local News : Wiltshire Council polls apart as majority...
Mind Reset, in Malmesbury and Chippenham

Mind Reset, in Malmesbu...

“In all the Community Areas in Wiltshire Young Peopl...

MarcReadCEM

RT @Rhys_Schell: We spent our northern community engag...
Open Access Youth Café, Chippenham

Open Access Youth Café...

The Chippenham Community Area Young People Needs Asses...
Shop Volunteer

Shop Volunteer

Julia’s House has 10 charity shops in Dorset and 2 i...

MarcReadCEM

Local News : What's On In Salisbury This Christmas? - ...

MarcReadCEM

Local News : Solar Share Offer Now Open - Apply Here! ...
Day Activity Volunteers needed

Day Activity Volunteers...

The Youth Adventure Trust is a youth development chari...
Solar Share Offer Now Open – Apply Here!

Solar Share Offer Now O...

Salisbury Community Energy’s share offer is now open...
Wiltshire Council polls apart as majority of election venues remain the same

Wiltshire Council polls...

Wiltshire Council’s elections team has secured all b...
Dementia Advisers are here to help

Dementia Advisers are h...

Providing help, support, a friendly face and sometimes...