Accommodation | Assisted Home Ownership

Newport City Living is the affordable homeownership scheme launched in 2005 by Newport City Council in partnership with Fairlake Properties, Melin Homes, and Linc-Cymru Housing to offer a number of schemes designed to help people who cannot afford to buy a home without assistance but who can meet the long-term financial commitment of home ownership.

Please note - if you are a Council or Housing Association tenant you may wish to consider the Right to Buy or Right to Acquire schemes.

Open Market Homebuy

This allows the applicant to purchase a property of their choice on the open market at just 70% of the value of the property. Successful applicants will be able to have 30% of the purchase price of their home loaned to them by one of the Housing Associations.

Newport’s Affordable Housing Policy

Average house prices in Newport are now more than £150,000 which puts them well out of reach for most first time buyers. In fact a person earning the average wage of £25,000 who could borrow three times their salary for a mortgage would face a shortfall of almost £80,000.

The Newport City Living scheme was established to try and bridge this gap by introducing a policy stating that up to 30 per cent of any new residential development with more than 25 houses would be made affordable.

The council works in partnership with local housing associations and private developers to deliver the scheme.

Who can apply?

To qualify for the scheme, you must:

• be in full time employment
• live/work in Newport or have a family connection in the city
• not own your own home or any other property (subject to individual circumstances)
• not be in serious debt on any existing loan (subject to individual circumstances)
• be unable to afford full ownership, but able to afford a mortgage based on the prices listed above
• have some savings to cover the deposit / the cost of moving etc
• be able to provide an ‘in principle’ mortgage offer
• be 18 years of age or over


How to Apply

If you are interested in one of these affordable homes you must first register for the Newport Home Options register online at www.homeoptionsnewport.co.uk. After registering you will be able to view the weekly adverts that would display any available properties to buy. You can then register your intrest by bidding on these properties.