Local council unveils shared ownership and key worker homes scheme

08-Sep-2005

For aspiring homeowners who cannot afford to go down the traditional route of buying a house, the new opportunities unveiled in Stevenage will provide a much-needed boost.

Click here for our first time buyers guide to buying a property

The council has launched a scheme to make buying cheap housing easier, offering buyers the chance to invest in an shared ownership venture, making it ideal for those on lower incomes.

Shared or joint ownership can be a good alternative route for those looking to get on the first rung of the property ladder, as mortgage payments are reduced and there is always the option of purchasing the whole property in the future.

See what’s in our unique, comprehensive and detailed joint ownership guide

Key worker homes will also be available under the scheme, with almost 150 properties earmarked for people in professions such as teaching, nursing and policing.

"One of the council's ambitions is 'Good housing for all' and part of this is about providing high quality affordable homes for Stevenage people," Ann Webb, executive councillor for housing, told the Herald.

Click here for information about key worker homes

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