Social rented homes are provided by both the local authority and registered providers (housing associations).
These homes are ideal for people and families with a low income.
Affordable rented homes are provided by housing associations, rents are lower than those on private market. Affordable rented homes are ideal for those who are unable to obtain a mortgage or do not want financial commit of home ownership.
These are discounted homes for sale to local first time buyers and key workers and have a price cap of £250,000.
First Homes are likely to become available in new private developments from 2023 onwards. The level of discount and restriction to eligible buyers stays with the property when re-sold.
For more information, see First Homes in Mendip.
Discounted open market
Discounted open market is delivered through private developer or house builder and is available for full ownership. You do not own a share and you do not pay any rent. The home is available at a discount: between 70% to 80% of its open market value.
Our first discounted open market units in the Mendip area has been delivered by Summerfield Homes, located at Church Meadows, Baltonsborough / BA6 8RP.