Discount Market Sale: Costs and affordability

How much does a Discount Market Sale home cost?

Discount Market Sale properties are sold at a reduced percentage of their market value (typically around 20%), offering buyers a more affordable route to homeownership. This discount significantly lowers the purchase price, often making monthly housing costs such as mortgage repayments and service charges more manageable.

Unlike the Shared Ownership scheme where buyers purchase a share in their home and pay rent the remainder, you do still buy a percentage of a Discount Market Sale home but don’t pay rent on the equity retained by the council or housing provider. Instead, your monthly outgoings will consist of your Discount Market Sale mortgage payment and a service charge, which covers the maintenance and upkeep of communal areas.

What happens when I sell a Discount Market Sale property?

When selling your Discount Market Sale home, the discount remains tied to the property. This means you will receive the same percentage of the property’s current market value that you originally purchased, ensuring the home remains affordable for the next buyer.

Discount Market Sale offers an excellent opportunity to purchase a home at a reduced cost while maintaining long-term affordability for future buyers.

Where should I start my Discount Market Sale property search?

Ready to explore Discount Market Sale properties? Visit our property portal to discover homes available in your area. You’ll also find more detailed information about eligibility and the benefits of the scheme in our guides and FAQs.

The Discount Market Sale scheme is a fantastic opportunity to start your journey toward homeownership. Let’s start your search together.