The Cash Incentive Scheme has been introduced to help St Albans Council tenants to purchase a property of their own on the open market. The Council provide a cash grant, the amount ranges from £10,000-£30,000, dependant on the size of your property and the amount of time you have held a council tenancy.
Terms and Conditions
You may purchase a property anywhere in the UK providing:
-it does not exceed the average property price for the type of property you are buying in the district you intend to move to.
-it must be of a suitable size to adequately house your family.
Other conditions include the tenant must:
-ensure there are no debts outstanding to the Council.
-have had a clear rent account for a period of 12 months prior to the application.
-provide the Council with full details of income and savings.
-provide reasonable access to officers to inspect their current home.
If you would like further information contact the Housing Options department on 01727 819586 or alternatively print off the Cash Incentive Scheme information leaflet an application form below.