Buying a discounted sale affordable home
For first sales of newly built homes the developer will market any homes available and will carry out initial eligibility checks against national and local criteria. If initial checks show you are likely to be eligible you will be asked to complete an application form which the developer or their agent will send on to the Council. Through discussion with you the developer will match you to the property you are interested in buying while the eligibility check and application process is carried out.
Resales of existing discounted sale homes are likely to be led by the agent appointed by the current owner when they wish to sell their home. The agent’s role will include initial eligibility checks and arranging the application to the Council.
The stamp duty calculation for a First Home is based on the amount paid for the home, after the discount has been applied.
You will need a solicitor to act on your behalf for the purchase or sale of your home. For resales of First Homes and DOMV homes the Council will charge the buyer a fee of £500 to cover the Council’s costs relating to processing aspects relating to the sale.