Ryedale District Council

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Affordable housing

House prices in Ryedale are very high when considered relative to local average wages, making it extremely difficult for local people who have a low income to afford to buy their own home. To tackle this, the council works in partnership with local housing associations to provide affordable homes.

We are part of the North Yorkshire Strategic Housing Partnership which aims to provide a co-ordinated approach to tackling housing need across the County. Partners have agreed a common North Yorkshire Housing Strategy. Ryedale's Strategic Housing Market Assessment is available on the Ryedale Plan website.

The Housing Services Manager and Rural Housing Enabler work in partnership with the following Housing Associations to provide more affordable homes in the district:-

 The Housing Options service standards are available in our Web Library

What is affordable housing?

The definition of affordable housing is taken from the National Planning Policy Framework (NPPF) March 2012.

Affordable housing: Social rented, affordable rented and intermediate housing, provided to eligible households whose needs are not met by the market. Eligibility is determined with regard to local incomes and local house prices. Affordable housing should include provisions to remain at an affordable price for future eligible households or for the subsidy to be recycled for alternative affordable housing provision.

Social rented housing is owned by local authorities and private registered providers, for which guideline target rents are determined through the national rent regime. It may also be owned by other persons and provided under equivalent rent arrangements to the above, as agreed with the local authority or with the Homes and Communities Agency.

Affordable rented housing is let by local authorities or private registered providers of social housing to households who are eligible for social rented housing. Affordable Rent is subject to rent controls that require a rent of not more than 80% of the local market rent (including service charges, where applicable).

Intermediate housing is homes for sale and rent provided at a cost above social rent but below market levels, subject to the criteria in the Affordable Housing definition above. These can include shared equity (shared ownership and equity loans), other low cost homes for sale and intermediate rent, but not affordable rented housing.

Homes that do not meet the above definition of affordable housing, such as "low cost market" housing may not be considered as affordable housing for planning purposes.

High house prices and high private rents have meant that there is a huge demand for affordable housing. Ryedale District Council works with partner Housing Associations to run initiatives, which provide low cost homes for rent and sale, to help people who are unable to afford to rent or buy a home on the open market.

 

Low cost home ownership

The low cost home ownership schemes in the District are:

  • Discount for Sale
  • Help to Buy Shared Ownership
  • Help to Buy: Equity loan

 

An application form can be downloaded below or requested by email. The team will keep your application on file and you will be contacted when any properties become available with more specific information. Properties will be advertised on the home page of the website as they become available, including those for resale.

If you would prefer to have a paper application form sent out to you, please submit an Enquiry Form and request one.

Download an Affordable homes application form (PDF, 7 pages, 157kb)

 

If you can't afford to buy a home without help and you live or work in the immediate area and have an annual income of less than £40K or £60K for joint applicants.

How does it work?

Local Authorities give planning permission to private developers but set a restriction that some of the properties have to be sold at a discounted price. The private developer then sells the discounted properties direct to a buyer like you but you must meet local needs criteria.

The discount can be any amount but is usually between 25% and 50% of the open market value.

How do I qualify?

The criteria is different for each scheme but first priority is normally given to those who live or work in the immediate area. If you are able to buy on the open market without help then you would not qualify. For example if your annual household income is more than £40,000 or £60K for joint applicants. If you have a deposit which is more than 15% of the value of the property we would need to know why you are applying for affordable housing.

What happens when I want to sell the property?

The original discount is passed on to the next person, so if you bought the property with a 25% discount you can only sell the property at 75% of the open market value.

Do I have to pay rent?

No, there is no rent to pay as you would own the property 100%. With discounted sale the property can only ever be sold at the set % of the open market value which means that the property will always be an affordable home.

If you would like to apply to be considered for a Discount for Sale property please complete an application form and return it to Housing Services and your application will be kept on file. When suitable properties are nearing completion a member of the team will contact you to discuss your application.

 

If you would like to buy your own home but cannot afford it shared ownership may be an affordable option for you. The scheme enables local households to buy a share of a newly built home and pay rent on the remaining share.

Find out more about how shared ownership works.

What House? is an online property portal featuring hundreds of affordable homes and housing. This is a free search tool for people searching for affordable housing from housing associations and developers in the Ryedale District Council area.

 

With a Help to Buy: Equity Loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.

You won’t be charged loan fees on the 20% loan for the first five years of owning your home.

 

Who has the right to buy?

The Right to Buy scheme enables council tenants who meet certain conditions to purchase their houses. There are no council houses in the Ryedale District Council area so this is not available for anyone living in Ryedale.

Who has the right to acquire?

The Right to Acquire scheme enables housing association tenants who meet certain conditions to purchase their houses. For further information about the scheme and to download an application form visit GOV.UK or contact your housing association direct.

More information is available from;

 

 

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Ryedale District Council
Ryedale House, Old Malton Road
Malton, North Yorkshire
YO17 7HH

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