Introduction
This Policy outlines the Council’s approach to discounted sale affordable home ownership properties in Tonbridge and Malling under the Discount Open Market Value (DOMV) and First Homes schemes.
Discounted sale affordable home ownership properties may form part of the affordable housing provision on a development with the homes sold at a discounted price to market value to help local buyers onto the property ladder. The National Planning Policy Framework (NPPF) defines types of discounted market sale and low cost homes for sale and discount amounts.
Throughout this Policy the term discounted sale affordable home/housing includes both DOMV homes and First Homes. The terms 'the Council’ or ‘we’ and ‘us’ mean Tonbridge and Malling Borough Council, by ‘you’ and ‘your’ this Policy means the customer, discounted sale affordable home owner or prospective buyer.