Allesborough Farm by Hellens Residential

Buying a home with us
Hellens Residential is a private registered provider of affordable homes for rent and low-cost home ownership. Discount Market Sale is low-cost home ownership whereby a new build property is purchased at a discounted purchase price compared to homes in the market.
You will be the sole homeowner from move in and you will own the home outright with no interest from other parties. The only condition on the property is that the home must be sold on in any future sales at the same discount rate, in this instance 70% of its market value.

Important information
Discount Market Sales housing is property sold at a discounted price, i.e., less than the full market value. 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.
To enable Wychavon and Malvern Hills District Councils to assess whether you meet the criteria that determines housing need and are eligible for the low-cost housing there is a short application you will need to complete.
You must be able to evidence that you cannot afford to purchase a property on the open market. Applicants should not have a joint income of over £80,000. If savings and the Mortgage in Principle total over to the Open Market Value, you would be unsuccessful.

Along with a completed application form you will also need to provide the following:
• 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
• A mortgage offer in principal detailing the maximum amount you are able to borrow
• Proof of your local connection - a person who has lived in the District of Wychavon for 6 out of the last 12 months. Has family living in the District of Wychavon.