What is affordable housing?
Affordable housing is for people whose needs cannot be met by the open market. It is just like any other housing except that it is bought or rented at below market prices. We work with Developers and Registered Providers of social Housing (RPs which are also known as Housing Associations) to provide affordable homes in the district. The two main forms of affordable housing available in West Lindsey: affordable rented housing and shared ownership.
Affordable rented housing
The Council no longer owns affordable homes to rent. Affordable rented housing is housing available to rent from a provider of social housing at a cost below open market rent, usually 20% lower.
Affordable rented properties are allocated through the West Lindsey Housing register and are let through the Choice Based Lettings (CBL) scheme called West Lindsey Home Choice.
To be able to bid for or express an interest in properties which are available you need to be registered with the council. To register visit the West Lindsey Home Choice website.
- Once you are registered the team will assess your application and eligible households will be given a priority banding. You will be given a username and password to enable you to log onto the system.
- Properties are advertised on weekly bidding cycles and which start on Tuesday night at midnight and close the following Monday night at midnight.It is the responsibility of the applicant to check the listings regularly to look for a home to meet their needs.
- When you find a suitable home you can make a ‘bid’ or express an interest through the website or sometimes on the phone.
- When the advert closes the bids are shortlisted and checked.
- Each property is usually offered to the bidder with the highest banding and therefore assessed as being in the greatest housing need.
- There are instances however, where properties have a local connection criteria and priority is given to people with a local connection to the location of the property. This is detailed in the advert.
- If your bid is successful you will be contacted by the housing association who owns the property who will set up an interview. If it goes well they will offer you the property and arrange for you to view it.
To register and see details of properties available visit the West Lindsey Home Choice website.
Shared Ownership is for people who would like to own their own home but cannot afford to buy 100% of that home on the open market.
You buy part share of a property, usually through a housing association and pay a rent on the portion that you do not own. You can normally purchase between 25% and 75% of the property and you often have the option to increase this share as you can afford to.
The share that you can purchase is worked out by the Housing Association according to what you can afford. The bigger the share you buy, the less rent that you will need to pay. You will need to be able to raise a mortgage for the share you want to purchase unless you have sufficient savings to buy your share outright.
For more information on how to apply for shared ownership, please contact the West Lindsey Homes Choices Team or for properties for sale, you can visit the Help to buy East Midlands website.
You could be eligible for shared ownership if:
- You can’t afford to buy a home on the open market.
- You have a household income of less than £60,000 per year.
- You are at least 18 years old.
- You have a good credit rating.
- You have at least £1,500 savings to cover the one off costs involved in buying a home
To find details of up and coming new affordable housing in West Lindsey please see Upcoming Affordable Housing Schemes
Private rented sector
This is accommodation rented from a private landlord or letting agent. There is a wide choice of available properties which are let at unrestricted rents which reflect market demand. Private landlords will often require references and payments of deposit or rent in advance and offer a minimum tenancy of six months. We have a Deposit guarantee (Bond) scheme available which may help you to access private housing.
Any changes in circumstances should be reported Via the Home Choice Website or by coming to one of our drop in centres. Alternatively you could make contact with the Home Choices team