Sedgemoor District Council has this week launched a new funding scheme to help first time buyers in the Burnham-On-Sea area onto the property ladder.
A first-time buyer loan scheme of up to £10,000 per applicant has been made available with money from EDF Energy’s Hinkley Housing Funding to help moves from social housing or private rented properties in the area.
Local residents who are hoping to buy their first home can apply for a subsidised loan to assist with a variety of costs associated with buying a home.
If you have lived in Sedgemoor for the last three years, a loan may be available to top up a deposit or assist with moving costs and fees such as solicitor costs.
Mel Richards, Development and Delivery Manager at Wessex Resolutions CIC, told Burnham-On-Sea.com: “We are thrilled to be able to assist local residents in purchasing their first home. Home ownership may have been a dream for a long time for a lot of people and we hope this scheme will provide a helping hand.”
The scheme will be delivered for Sedgemoor District Council by Wessex Resolutions CIC, a local not-for-profit organisation working in partnership with twenty local authorities across the South West.
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