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Wednesday, November 25, 2015

Council tenants can get £20,000 grant to buy their own home

West Lancashire Borough Council tenants, who are eligible to buy their home but do not want to buy the property they live in, can apply for a grant of £20,000 to help them onto the property ladder.

The Government-funded scheme, locally know as “Getting on the Ladder – Your Help to Home Ownership”, was launched earlier this year.

The Council is delighted to announce that we are progressing applications for five interested parties who, with our help and support, are close to achieving their dreams of home ownership. The scheme remains open to other tenants who may wish to apply. 

Councillor Jenny Patterson, portfolio holder for Housing, said: “This is a great opportunity for Council tenants who want to buy their own home. So please get in touch to see if you are eligible.”

Tenants can apply for a one-off cash payment which replaces the ‘Right to Buy’ discount they are entitled to. Successful applicants use the £20,000 payment towards buying a home on the open market, releasing their council home for another applicant on the Housing Register.

This funding is aimed at tenants who are able to support a mortgage but may not want to buy the property they are living in.  For example, this could benefit older people who want to buy smaller properties or be nearer their family, or someone looking to move to take up a job opportunity.

WLBC secured funding to help ten families and ideally would like to do just that, so if home ownership is something you have been thinking about why not give us a call?

Any tenant who is interested and thinks they could qualify should e-mail Admin-Housing&Regen@westlancs.gov.uk or call Property Sales on 01695 585211. For more information on the scheme please visit getting on the ladder.

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