Tean Valley View Discount for Sale property These are properties on housing developments that are sold by the developer initially with a discount from the open market value which remains with the property through all subsequent sales. Who can apply for these properties? This scheme is for people whose income is not enough to enable them to buy a property to meet their needs on the open market, but enough to buy a property at a discounted price. Am I eligible to apply? Applicants for these properties must satisfy our eligibility criteria which includes the following:
Local connection A person resident within the Cheadle area for a minimum of 6 months A person who can demonstrate a local connection or who has a family association within the Cheadle area Persons with employment in the Cheadle area In the event that more than one suitable application is made, point 1 (resident in Cheadle area for 6 months) has priority over the others. The Cheadle area is defined as towns, villages and immediately surrounding areas in the Staffordshire Moorlands District comprising Cheadle, Alton, Blythe Bridge, Boundary, Caverswall, Checkley, Cookshill, Cotton, Dilhorne, Draycott, Forsbrook, Foxt, Hollington, Kingsley, Froghall, Kingsley Holt, Kingsley Moor, Lower Tean, Oakamoor, Swinscoe, Tean and Whiston Hulme.
Financial criteria Maximum household income of £80k Unable to purchase a home suitable for your needs without assistance Savings must not exceed 30% of the discounted property price Housing need Priority will be given to: Those living in unsuitable housing conditions Existing social housing tenants Ministry of Defence (MOD) personnel First time buyers
Provisions of the scheme To enable Staffordshire Moorlands District Council to assess whether or not you meet the criteria that determines housing need and are eligible for the low cost housing please provide ALL the information requested on the application form. You will also need to send: Copies of your most recent 3 months or 8 weekly wage slips for all applicants Copies of your savings e.g. building society books, bank statements etc. There are strict rules associated with the properties and who is eligible to purchase them. In summary the selection criteria is as follows Local connection Financial circumstances Housing need Household size eligibility If you purchase a discounted property under this scheme you will be bound by a legal agreement which means that if you decide to sell your property, you will be required to contact the local authority first to agree the open market value of your property. You will then be bound to sell your property at 70% of the agreed open market value and to someone meeting the selection criteria set. Download application form