Eligible key workers are being invited to put in the first bids for new shared ownership homes in York.
The shared ownership homes on Lowfield Green are the part of the next phase of homes from City of York Council’s Shape Homes York brand.
The eight homes can be reserved by key workers who meet the government criteria and who are eligible for the Help to Buy scheme.
Any key worker who lives or works in York, who has a combined household income of £80,000 or less, who can’t afford to buy a home on the open market, and meets the eligibility criteria, can apply.
The homes available for key workers to apply to buy are six three-bed semi-detached properties of slightly differing sizes.
They range in price from £250,000 to £285,000 for 100% ownership – from £112,500 to £128,250 for a 45% share.
There are also three apartments: one with one bedroom and two with two bedrooms. Prices range from £145,000 to £175,000 for 100% ownership, £65,250 to £78,750 for a 45% share.
Applicants can buy between 25-75% of the home, with the option of buying more shares as and when they can afford to. Rent is paid to the landlord on the proportion of the house they don’t own.
These homes are part of the 600 homes being delivered through the Housing Delivery Programme.
Read more on City of York Council:
- York approves plans for more Passivhaus homes as part wider 600-home scheme
- City of York Council delivers on £2.76m commitment to shared ownership homes
- Consultation on licensing smaller HMOs begins in York
Cllr Denise Craghill, executive member for Housing and Safer Neighbourhoods, said: “Our key workers have helped protect the most vulnerable in the city and kept us safe during the pandemic.
“Many earn lower than average wages, working long hours and contending with the worry of protecting their own loved ones.
“Putting them first in this scheme is the right thing to do. It’s one way in which we can say thank you and give eight households an affordable start in their own home and help them onto the property ladder.”
Image: The Thyme, a three-bed bedroom semi-detached home, is one of the homes available for shared ownership by key workers at Lowfield Green
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