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Affordable Housing Products | South Lakes Housing

Affordable Housing Products

We are seeking to create schemes with a diversity of tenures, delivered via affordable rents and home ownership schemes such a shared ownership and rent-to-buy. Some of these initiatives will target those people who would like to get a foot on the property ladder but can’t afford to buy outright. Our commitment to delivering these homes is part of our partnership with SLDC to assist their target of 1,000 new homes for rent by 2025. This is a key priority for South Lakes Housing and will enable us to house families and those in need of a new home for many years to come. Click on the tiles to find out more about the products we’ll be using to achieve this:

Affordable Rent

Most of our new homes are charged at affordable rent, meaning they’re charges at 80% of market rates and capped at Local Housing Allowance Rates.

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Rent to Buy

A scheme which offers newly built homes to affordably rent for a period with the choice to buy a share of the property at the end of the rental period.

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Shared Ownership

Shared ownership is a cross between buying and renting. You purchase an initial share of your home, between 25% and 75% of the property’s value and then pay a rent on the remaining share.

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