As part of the council’s pledge to build 5,000 new homes, we will support eligible residents to buy their first home. The council’s home ownership service exists to support those who live or work within the borough and want to get on to or move up the property ladder through purchasing or renting a property.
If you cannot afford to buy a home outright on the open market, you may be eligible to buy through one of the low-cost home ownership products we currently have on offer. Low Cost Home Ownership housing is provided in partnership with housing associations working in the borough.
The following home ownership schemes are currently available:
Right to buy
The Right to Buy is a Government scheme which gives secure tenants of councils and some housing associations the legal right to buy, at a large discount, the council property they are living in.
Self build shared ownership scheme
Allows eligible council tenants to be involved in the design and construction of their own home. Interested tenants can apply to be on the self-build register and the council will make small plots available for this purpose.
Tenant's staircasing scheme
This is a new voluntary sales scheme recently launched by London Borough of Hounslow. This scheme will enable eligible council tenants who qualify for the Right to Buy scheme to purchase a share of their council home.
Eligible residents may be able to purchase a shared ownership property by buying shares between 25% and 75% of the home’s value. Further shares can be purchased in the future as and when shared owners can afford them.
Portable discount scheme
This scheme assists eligible council tenants to buy a property on the open market by giving out a sum of money – a portable discount. The maximum portable discount is currently £50,000.
Discount market sale
Discount Market Sale (DMS) is a low-cost home ownership product where a new build property is purchased at a discounted price.
Speak to our home ownership team to find out more about these schemes:
T: 020 8583 3721
We have an excellent reputation for working in partnership to produce new high-quality homes that people want to live in. We work with developers, registered housing providers and other key partners who provide a range of rented and sale opportunities for our residents.