Affordable Purchase Scheme

buildings in foreground

Under the Affordable Purchase Scheme local authorities will make newly built homes available at a reduced price for first-time and other eligible buyers who cannot afford to purchase a home at its open market value with a maximum mortgage and 10% deposit.

The local authority will take a percentage equity share in your home equal to the difference between the open market value of the home and the reduced price paid. This means that if you buy a home at a 20% reduction on the open market value, the local authority will have a 20% equity share in your home.

To find out more about the Affordable Purchase Scheme go to