The Affordable Purchase Scheme is designed to help eligible buyers purchase a new home at a price below full market value, making home ownership more achievable.
Under the scheme, the purchase price of your home is reduced based on your income and mortgage capacity, meaning you pay an amount that reflects what you can realistically afford.
To make this possible, the local authority contributes towards the difference between the open market value of the property and the price you pay. This contribution is taken as an equity share in your home.
This approach bridges the gap between your mortgage and the full market value, enabling more people to access high-quality homes in locations where affordability can otherwise be a barrier.
For example, if your home is offered at a reduced price, the Council retains a percentage stake equivalent to that reduction.
- You own your home outright from day one
- The Council holds an equity share reflecting the discount applied
- You may choose to buy back this share at any time
- The equity share is repaid if the property is sold or transferred
How to Buy an
Affordable Home
1
Browse Listings
View affordable homes on our website and other platforms.
2
Secure Financing
Obtain mortgage pre-approval or explore local authority home loan options.
3
Check Eligibility
Assess your eligibility for the Help to Buy Scheme (HTBS).
7
Equity Share Calculation
DCC determines the equity share based on your purchasing ability.
6
Application Review
DCC assesses and confirms your eligibility.
5
Submit Documentation
Provide necessary documents including income and residency proof.
4
Register Online
Sign up on our Affordable Housing portal.
8
Property Selection
Choose from available properties within your affordability range.
9
Booking Deposit
Secure your chosen property with a refundable deposit.
10
Formal Loan Approval
Apply for formal approval of your mortgage offer.
11
Contract Issuance
Receive the Contract of Sale and ADPA through your solicitor.
15
Funds Drawdown
Request funds from your lender for purchase.
14
Snag Inspection
Inspect your new home for any defects.
13
Contract Signing
Sign the Contract of Sale and ADPA with your solicitor
12
Insurance Arrangement
Arrange necessary house and mortgage protection insurance.
16
Purchase Proceeds
Complete the necessary funds processing.
17
Closing Process
Set a closing date with solicitors and collect keys from the developer.