Buying and selling an affordable home

Affordable homes built for sale at a reduced price are known as Discounted Market Sales. Also as Discounted Market Value (DMV). They must always be bought and re-sold at the agreed level of discount from the open market value price. Speak to the sales team, they should explain if the home you are looking to buy is a DMV home.

To apply for a DMV home, please fill in the application form below.

The form asks you to submit some supporting evidence together with your application. This is to help us assess your eligibility for a DMV home. Provide all the required information to ensure we can process your application in good time. We aim to respond within 10 working days from the date we receive a complete application including all of the required information.

• Read our procedure for buying a DMV affordable home
• DMV eligibility application form

To find out how we handle your information, read our affordable housing eligibility privacy notice.

We will need to approve an appropriate discounted sales price before you put the home on the market.

• Read our procedure for selling a DMV affordable home

The discounted price must be in line with the legal S106 agreement for that development. How to find a copy of the S106 agreement for a DMV home.

Any potential buyer must complete a DMV eligibility application form as explained above.

We aim to respond within 10 working days from the date we receive a complete application including all of the required information.

DMV properties can only be rented out in exceptional circumstances. You will need our approval before letting out your home.

• Read our procedure for renting a DMV affordable home

The Section 106 legal agreement relating to the property may include restrictions on eligibility and renting. How to find a copy of the S106 agreement for a DMV home.

We aim to respond within 10 working days from the date we receive a complete application including all of the required information.

First Homes are a different form of discounted affordable housing. They are only for first-time buyers.

The Government has provided specific guidance about the First Homes scheme. This includes details about eligibility, and about renting and selling the First Homes.

• Own Your Home - HM Government First Homes scheme
• First Homes scheme: first-time buyer’s guide on GOV.UK
• First Homes scheme: template sales documents (application pack and conveyancer pack) on GOV.UK

Other types of affordable home ownership

Contact the relevant Registered Providers for information about other affordable home ownership tenures. These include:

• Shared Ownership
• Shared Equity
• Rent-to-Buy