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Low Cost Home Ownership

Monmouthshire County Council works closely with local housing associations and private developers to create affordable homes for those in housing need in Monmouthshire. Our aim is to develop high quality housing for those that want to buy a home, but are priced out of buying one on the open market.

There are many types of Low Cost Home Ownership schemes and properties available. To apply, you must have a local connection to Monmouthshire, and in some cases, you may need to have a 'Rural Local Connection'.

Homebuy – Wales:

  • you will normally need to contribute between 50%-70% of the purchase price of a home through a mortgage and/or personal savings
  • you will need to arrange a mortgage from an approved lender
  • you will need to make the agreed payments to your mortgage lender, there are no monthly payments to the housing association
  • you must repay the equity loan when you sell the home at the equivalent percentage value of your home at the time you sell it
  • you can repay the loan before you sell you home in which case you will repay based on the value of your home at that time 

To be eligible prospective purchasers must have a gross household income that would allow you to purchase the percentage of property advertised on the website. All schemes can be found through:

MHA Homebuy

Pobl Living

Melin Homes Low Cost Schemes

Monmouthshire County Council also have properties advertised through this scheme here

King's Wood Gate, Monmouth

Further Information

For more information on schemes that are available throughout Wales or to find out what scheme suits you, please click here

Our LCHO video guide is here


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