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Social rented housing is rented housing owned and managed by local authorities and registered social landlords. It may also include rented housing owned or managed by other persons and provided under equivalent rental arrangements.
Intermediate affordable housing is housing at prices and rents above those of social rent but below market price or rent. These can include shared equity (eg HomeBuy) and other low cost homes for sale, and intermediate rent.
Since 2004 the council's housing stock has been managed by Newark and Sherwood Homes, an arm’s length management organisation which looks after around 5,000 homes on the council’s behalf. You can apply to rent a home on line through Newark and Sherwood Homes’ Easylet scheme.
There are also other housing associations (Registered Providers or Registered Social Landlords) which offer homes for rent in the district.
More than 50 new council houses for rent have been built in partnership with Newark and Sherwood Homes across the district at Balderton, Boughton, Bleasby, Clipstone, Newark and Southwell. The Homes and Communities Agency has allocated £2.2m towards the cost of the project, with the rest coming from the council.
Shared ownership, also known as New Build HomeBuy, is the most familiar of the low cost home ownership options. Purchasers buy part of their home (typically between 25% and 50% to start with) and rent the rest from a Housing Association.
Rent to HomeBuy is a scheme where a reduced rent is charged for a new build home for up to three years. This helps the tenant save for a deposit and purchase the property.
A new Equity Loan Scheme called FirstBuy is a new product in the Government’s HomeBuy range designed to help first time buyers into home ownership in a way they can afford. It is expected to assist nearly 10,500 purchasers to buy a new home over the next two years.
For advice on your housing options or if you are worried about becoming homeless, speak to the council’s community/housing options team on 01636 650000.
If you are a Newark and Sherwood Homes tenant and you have enquiries about your rent or making adaptations or repairs to your home, speak to Newark and Sherwood Homes on 0845 258 5550, call the Freephone repairs hotline on 0800 561 0010 or email email@example.com
Two bedroom houses available to buy with shared ownership. An affordable way to take your first step on the property ladder. Available for buyers with a local connection to Southwell.
How Shared Ownership works:
More information Shared Ownership (PDF File, 228kb)
Newark and Sherwood District Council