Intermediate housing helps people who cannot afford
to buy a property on the open market to purchase a
home.
If you are interested in intermediate housing in North Somerset,
you need to contact South
West Homes. With just one application you can apply for a wide
range of schemes to help you get on the housing ladder,
including:
Schemes which enable you to buy a home:
New Build HomeBuy - you share ownership of your
home with a housing association, paying a mortgage on the part you
own plus affordable rent on the portion you do not own.
HomeBuy Direct - you buy a selected newly built
property with the assistance of an equity loan of up to 30%
First Time Buyers’ Initiative (FTBI) - you buy
a selected newly built property with the assistance of an equity
loan of up to 50%.
Schemes which enable you to rent a home:
Rent to HomeBuy - you pay reduced rent on a new
build home for up to five years, to help you save for a deposit and
purchase the property.
Intermediate Rent - you pay reduced rent of
around 80% of normal market rents.
To find out more about any of these schemes, or to apply, please
go to the South
West Homes website.
If you currently own your own home but are struggling to pay
your mortgage, the following guides may be useful:
Are you worried about your mortgage
Government Mortgage Rescue
Scheme
