Below you will find a briefing from one of our local Borough Councillors, Cllr. Tristan Robinson
I’m pleased to update you that Basingstoke and Deane Borough Council’s equity loan scheme to help people get on the housing ladder - ‘Basingstoke and Deane Own Home Loan’ - will launch this Friday 24 January.
Using £580,000 of council money allocated to provide affordable housing, Own Home Loan aims to support young people to buy a home with deposits of up to £30,000 per application. It is available to single people, couples and those with children who are on the housing register, with those who have been on the register for the longest time given priority. Priority will also be given to those applicants under the age of 35. The key difference to other loan schemes and a major local benefit is that it enables people to buy existing homes and not just new build homes.
People wishing to apply must:
The deadline for applications is Friday 20 March 2020. We will be sharing news of the scheme through Homebid – the borough council’s choice based lettings scheme; Your Home – the borough council’s emailer to people looking to buy affordable homes; the council’s social media channels; the residents’ newspaper Basingstoke & Deane Today and the local media. I would also appreciate your assistance in raising awareness of the scheme with residents in your parishes and towns.
For more information on Basingstoke and Deane Own Home Loan, including frequently asked questions and the application form, visit www.basingstoke.gov.uk/own-home-loan
Basingstoke and Deane Own Home Loan scheme offers residents up to £30,000 in the form of an equity loan to reach the deposit required for a mortgage or to bridge the gap between their maximum mortgage offer and property purchase value. |
With best wishes,
Tristan
Cllr Tristan W Robinson
Cabinet Member for Homes and Families
Representing Charter Alley, Monk Sherborne, Sherborne St John, Ramsdell and Wootton St Lawrence
Basingstoke & Deane Borough Council
T: 07817 131821
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