If you are looking to buy a home but can’t afford the house prices in your area then contact Elen Grantham, your Rural Housing Enabler for Ceredigion and bordering areas on firstname.lastname@example.org or 01570 424 318 for more information on affordable housing schemes and options.
Rural Housing Enablers (RHE) work with and on behalf of rural communities across Wales to address the shortage of affordable homes. The work involves identifying the local need for housing and searching for development opportunities or empty properties to bring back into use. This work is carried out in partnership with the local community, as well as other interested parties.
Affordable Housing for Sale
Shared Ownership makes it possible for you to buy a home that otherwise would not have been affordable. It’s a Welsh Government-backed scheme that is currently being developed for people who are unable to afford to buy a home at full market value (household limits apply).It is a part buy/part rent scheme, which means you buy a share in the home and pay rent on the share you don’t own. You will be able to buy an initial share of between 25% to 75% of the value of your new home and you’ll need to take out a mortgage to pay for your share of the home’s purchase price. You will then pay a subsidised rent on the share you don’t buy. There may also be a monthly service charge payable on some homes. If you choose, you can buy more shares (this is called stair-casing) up until you own 100% of your home.
Rent to Own
Welsh Government are currently developing a Rent to Own Scheme for those who aspire to own their own home but do not have sufficient deposit. Through the Rent to Own Scheme, the potential home owner initially rents their home from Tai Ceredigion at an open market rent level for an initial period of 5 years. A percentage (up to 25%) of the rent paid is set aside for saving towards a deposit. The scheme is currently being developed, but Tai Ceredigion are hoping to be able to offer this option in the near future.
Affordable housing for rent
If you are not eligible for social housing and due to low income can’t afford market (private) rented then we have intermediate rent.
Intermediate rent offers you the opportunity to rent a home at a rent that is below the open market rate. If you are looking to buy a home in the future but can’t afford to save for a deposit, renting an intermediate rent home that is cheaper than open market may enable you to save. Tai Ceredigion ensures that the home you are renting is affordable, but also of good quality.