Affordable housing event tomorrow

Release date: Wednesday 24th October 12

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The Affordable Housing Open Day, packed full of information and advice on buying your first home, is tomorrow (Thursday October 25).

Open the door your first home!First time buyers and council tenants who live or work in Wandsworth and want to get on the property ladder can find out more about the wide-ranging advice, support and financial assistance available from the town hall.

Hundreds are expected to attend to find out about the different home ownership options available to them. These include:

  • The First Steps Shared Ownership Scheme for households with an income of less than £64,300 (for a one or two bedroom property) or £77,200 (for a three bedroom home).
  • Council tenants can find out about buying their own home under Right to Buy, The maximum discount for this has recently been increased to £75,000.
  • Tenants can use a House Purchase Grant to buy a home on the open market, to extend the home of a relative or put it towards buying a shared ownership property.

Representatives from local housing providers will be there, and independent financial advisors and solicitors will also be on hand to provide one-to-one advice on mortgages and the buying process.

Members of the council's Home Ownership Team, which has organised the event, will also be there. The team manages a list of eligible first-time buyers who live or work in Wandsworth. Many of the new homes being built in the borough can be purchased on shared ownership terms by local first-time buyers who live or work in the borough and who are on the list.

The affordable housing open day will be held at the civic suite in Wandsworth High Street on from 2pm to 8pm.

For more information about the event or to learn more about home buying opportunities in Wandsworth visit www.wandsworth.gov.uk/homeownership or contact the Home Ownership Team on (020) 8871 6016/6017 or housesales@wandsworth.gov.uk 

For more information contact the Wandsworth Council press team at press@wandsworth.gov.uk.

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