Housing provided below the market rate to specified eligible households
What is affordable housing?
Affordable housing is housing provided below the market rate to specified eligible households. Homes can be for rent or intermediate tenure, such as shared ownership.
Buckinghamshire Council (Aylesbury Vale Area) works with our preferred registered partners (housing associations) to deliver affordable housing across the district, successfully helping to secure grants from the government to assist delivery.
Between April 2011 and March 2020 we have delivered 3053 affordable homes in the district with our partners. Currently those partners are:
- BPHA Ltd
- Bromford Group
- Catalyst Housing Group
- Hightown Housing Association
- Housing Solutions
- Paradigm Housing Group
- Metropolitan Thames Valley Housing Association
- Thrive Homes
- Vale of Aylesbury Housing Trust
For our current policy position on affordable housing please see our supplementary planning page.
“Help to Buy” is a government initiative which can assist people into home ownership. For many people this may provide the best opportunity of owning a home in the area they want to live and work.
For further information, contact www.helptobuy.gov.uk
There are a number of Help to Buy products designed to make buying a home affordable, including;
Shared ownership – new build and re-sales
Shared ownership is designed for those who cannot afford to purchase a property on the open market. The scheme allows you to purchase a percentage share of the property and pay subsidised rent on the remaining share to the housing association selling the property. This scheme can be available on new build and also second hand properties, known as re-sale shared ownership. These are homes previously purchased through the scheme and now looking to be sold.
The Help to Buy equity loan scheme is designed to help you purchase specific new build properties from participating registered developers with as little as 5% deposit. The Government lends you up to 20% of the cost of your new build home so you’ll only need to provide a 5% cash deposit and a 75% mortgage to make up the rest. You won’t be charged loan fees on the 20% loan for the first five years of owning your home.