Newcastle City Council aims to provide a range of low-cost home ownership (LCHO) properties to residents of Newcastle. If you have the means to purchase your own accommodation, you may be eligible to purchase a property through LCHO.
There are a number of different types of LCHO schemes available nationally which include:
- Rent to Buy
- Shared Ownership
- Shared Equity
- Discount for Sale Dwellings
- First Homes
Newcastle City Council often works in partnership with housing developers to make these schemes available to residents. The availability of these schemes will vary and will usually be marketed by the housing developer and not Newcastle City Council. Each individual scheme will have its own criteria that must be met to be considered for these schemes.
You can find out more information about low-cost home ownership at GOV.UK.