Who is it for?

Priority is given to Local Authority and Housing Association tenants, people on a Local Authority housing register and key workers.

What do I buy?

You can buy a fixed 75% share of a home. DACAHCIC retain the non-purchased share.

What do I do if I want to sell?

If you wish to sell your share you will need to contact DACAHCIC who will advise you of the procedure for selling a property. The lease will entitle DACAHCIC to a fixed time within to identify a nominated purchaser, in which case you will not have estate agents fees to pay.

If DACAHCIC is unable to identify a nominated purchaser, you will usually be able to sell your property on the open market through an estate agent.

We will write to advise you at the stage of the price of the share and the costs involved with the transaction.

What else do I pay?

• You will need to pay all management and maintenance costs. For example, our properties at The Orchard, Modbury have a ground rent charge of £125/year and service charges of £33/month (which includes communal parts upkeep, cleaning, external maintenance and building insurance).

• All the costs associated with the initial purchase including; solicitors fees, mortgage lender fees, stamp duty (where applicable)

Click here for an example

Will I be able to own the property outright?

No, there is no ‘stair casing’ possible in this scheme.

How do I apply?