Discounted sale
(Sometimes referred to as “Restricted Resale"
)
This is where the property is sold at a discounted price often
20% - 50% less than the open market price! This price is considered
to be affordable for the area. There is no rent or
loan on the remaining share.
Often these homes are within newly built private developments
and usually restricted to local people.
You obtain a mortgage from a bank or building society for the
discounted price and become the Leaseholder. This entitles you to
live in the house with full owner rights subject to terms and
conditions of lease. Broadacres remain the Freeholder for the
full duration of the lease, usually 125 years and there will be a
minimal charge for this, usually £250 per year.
Applications for Discounted Sale schemes are handled directly
with Broadacres.
Current or forthcoming Discounted Sale schemes
include:
If you would like to register an interest please fill in our
online form (select "I
want to enquire about a property for sale" from the drop down
box).