On large development sites we have negotiated some homes sold at a substantial discount off the open market price. The sale of these home is administered by housing associatons. The buyer obtains a mortgage for the discounted price and does not pay rent on the remainder. If you buy a discounted sale home you cannot purchase any shares in the property as it is a 'fixed equity' home.

When you sell your home you will have to sell it at the same discount percentage at which you bought it. When you want to sell you must notify the housing association that manages your home. Your home must be sold to someone who is unable to afford a home on the open market. We strongly advise that you seek legal advice as to how the property should be marketed to ensure that you follow the correct process.

View details of current affordable housing developments in York.