Buying a home
If you want to buy your own home but think you can't afford it, then shared ownership could be the answer. This scheme is for those who can afford mortgage repayments but do not have the large deposit often required:
Help to Buy
The Help to Buy shared ownership or 'part buy/part rent' is a government funded scheme that helps people buy their own home. If you meet the conditions you can buy a share of a newly built property and pay a subsidised rent on the portion you don't own. You can then increase your share of the property if your financial situation improves but this is not compulsory.
To be eligible you must meet the following criteria:
- Be in housing need
- Have an annual household income below £60,000
- Not otherwise able to afford to buy your own home
- Have savings of at least £2,500 to cover the costs of buying a home eg legal fees
- Not own another property or have your name on the deeds of another property at the time of purchase
- Have a good credit history.
Other criteria may apply. You can register with Radian who are the Help to Buy agent for this area:
- Register with Help to Buy South online or
- Call 0800 456 1188
- For more information please see: Low cost home ownership factsheet
A guide to finding a home for key workers in the District
If you work in a role that provides an essential service to the public, you are likely to be a ‘key worker’. There is a wealth of job opportunities available in the District but we recognise that finding an affordable home is not always easy. This is why Oxfordshire County Council, the District and City councils and partner agencies have worked together to produce this guide:
In addition to affordable housing provision, West Oxfordshire District Council has been working with private sector landlords on a scheme that benefits homeless people by using Government grant funding to provide assistance with rent and deposit payments. If you are homeless or threatened with homelessness, please call 01993 861000.