Affordable housing available through Council’s discount scheme
Three new affordable homes are available to buy at the Willan Living development at Hall Farm, Langwathby, through Eden District Council’s discounted sale housing scheme.
Eden District Council works with private developers to secure discounted sale properties on new housing developments. Discounted sale means that the properties are for sale to eligible households for a percentage of their open market value.
The scheme seeks to ensure discounted sale properties remain within reach of households on local incomes. Unlike some other forms of affordable housing, such as shared ownership, with discounted sale properties the purchaser owns their home outright. This means no other party retains a share of the equity, but the initial price and each re-sale is subject to the same percentage discount.
The three main eligibility criteria are:
Affordable housing need
The applying household must show, in financial terms, that they need the discount in order to afford the property. To decide this, the Council looks at a household’s circumstances, income, savings and equity in any property owned, wages and potential mortgage.
Have a local connection to a particular parish or neighbouring parish
The local connection criteria will vary depending on the location of the property. To be eligible for these properties you’ll need to have a local connection to Langwathby, or one of its neighbouring parishes - Hunsonby, Culgaith, Brougham, Penrith or Great Salkeld.
Only property of the purchaser
A discounted sale property must be the only home of the purchaser. If you currently own the property you live in, you are not excluded from the discounted sale scheme and can join the waiting list. However, you must show evidence to us that you have sold your property (subject to contract) before we will approve you to buy a discounted sale property.
The available properties are three, three-bed semi-detached houses (Plots 18, 19 & 20), each being sold at a 40% discount of their open market value, at the discounted sale price of £129,150.
Located at the heart of Langwathby, just a stone’s throw from the village green, this exclusive new development provides an ideal base for modern family style living.
For more information about the development please get in touch with Willan Living www.willanliving.co.uk/contact-us.
For further information about the discounted sale housing scheme and to register to buy a discounted sale property, please visit www.eden.gov.uk/housing/affordable-housing/discounted-sale-housing-scheme.