Learn more about our affordable housing schemes offered by Savills
Savills is delighted to bring new home developments to the market under the new Affordable Purchase Scheme.
Under this new scheme, newly built homes are being made 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.