Record crowds at Home Ownership show
Published: Monday 24th October 11
More than 1,000 aspiring homeowners visited Wandsworth Town Hall last week (Thursday) for the council’s annual affordable housing open day.
Record numbers of first-time-buyers, key worker and council tenants came to take advantage of free expert advice on a range home ownership schemes available to local residents.
The council's home ownership team was on hand to explain how the initiatives work and to help people get started with their applications.
Housing providers were also there to introduce their latest Wandsworth developments and financial advisors and solicitors offered one-to-one guidance on how to navigate the buying process.
Council leader Ravi Govindia welcomed guests to the Town Hall. He said:
"The turnout was extraordinary. More than a thousand local people came through the doors and a great many are now a step closer to owning their own home.
"If you are a first-time-buyer, council tenant or key worker in Wandsworth and can't afford to buy a home on the open market then our dedicated home ownership team are here to help. They can explain the various options available and will guide you through each step of the buying process."
Visitors to the open day were asked to fill out a questionnaire giving their views on the different home ownership schemes. The results will be used to help improve the council's housing policies and to shape plans for new initiatives.
Among new proposals being developed by the council is a plan to offer local first-time-buyers interest-free loans of up to £50,000 which they can use as a deposit to secure their first home.
The scheme would offer low and middle income households a simpler alternative to the more complex part-buy part-rent initiatives currently available and provide greater choice over where they could live.
The scheme could be part-funded through Right to Buy sale receipts which are set to increase following changes proposed by Wandsworth Council which are now being taken forward by the Prime Minister.
To complete the council's housing survey visit www.wandsworthmatters.co.uk/uc/housing_futures1