Affordable housing schemes
Affordable housing schemes can help you to buy your own home.
There are several different affordable homeownership schemes which could help you to buy your own home in the Borough. Each scheme has different eligibility criteria as shown below.
If you are purchasing a new property from a developer, please contact them directly and they will check your eligibility for the various schemes.
If you are selling a property that has previously been purchased under the discount for market sale scheme, contact the Strategic Housing Team for information on the steps to be followed before your sale can proceed.
If you are purchasing a property that has previously been bought under the discount for market sale scheme, contact the Strategic Housing Team to see if you are eligible under the terms of this scheme.
To contact the Strategic Housing Team please email StrategicHousing@stockton.gov.uk.
Discounted market sale
This discounted market sale scheme helps you to buy a house at less than market value and it means that you can own 100% of your new home.
To be eligible for a discounted market sale property you must:
- be over 18
- be employed/self-employed (unless you want to buy your house with cash)
- have a household income under £80,000 per year
- have a local connection
- be a first-time buyer or discharged from ownership in any other property
- have access to enough money to pay the required deposit
Rent to buy
This scheme allows to rent a new build property at a rate that is cheaper than normal for similar properties in the area. After 5 years in the property, you will have the options to buy the property outright if you can afford to.
To be eligible for a rent to buy property, you must be one of the following:
- a working household intending to buy your own home
- a first-time buyer
- returning to the market after the end of a relationship