A PARTNERSHIP INITIATIVE BETWEEN HOUSING ORGANISATIONS
AND DEVELOPERS IN ANGLESEY AND GWYNEDD
WE MAY BE ABLE TO
HELP YOU FIND A HOME
www.taiteg.org.uk
[email protected]
Tel: 08456 015605
Tai Teg is an initiative between the
Isle of Anglesey County Council,
Gwynedd Council
and its partners in the housing industry
and is supported by housing associations, estate agents,
developers, house builders and their agents.
Tai Teg (‘Fair Housing’)
- an independent register of people interested in home ownership but who
cannot currently afford to buy outright on the open market.
Tai Teg Registration – to help identify home ownership opportunities we
need to know who you are, what type of home you want and where you
want to live. Registering is essential to ensure that you benefit from any
schemes that help you buy a home that is available or likely to be built.
Tai Teg works in Anglesey and Gwynedd – to assist working people who
have difficulty affording homes on the open market for example:
People wanting their first home
Growing families who don’t earn enough to pay a mortgage
to buy a home suitable for their needs
Homeowners who because of family reasons,
eg a relationship breakdown, need a home of their own.
Tai Teg - works closely with a range of housing organisations and
developers to find homes to meet people’s needs and is supported by both
Anglesey and Gwynedd County Councils and the Welsh Government
enabling access to any grants or other funds made available to help people
to own their own home.
Register on-line at www.taiteg.org.uk
or complete the enclosed application form.
ELIGIBILTY
The aim is to help local people in need of suitable accommodation.
It is therefore important that you tell us of your needs so that we can both
match people to the homes that become available and also that we know
where homes are required.
The definitions of ‘local’ and ‘need’ are as follows:
Local: Households that have a 5 year connection either through residency,
family or work to the County where they want to live.
Need: Households whose incomes are insufficient to allow them to buy
a suitable home for their needs on the open market.
So, if you are:
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A local person
Unable to buy a home on the open market?
Able to get a mortgage if the homes available were cheaper?
Able to pay a deposit of at least 5%?
Able to afford to pay a rent whilst intending to buy in the future?
Then Don’t Wait or Hesitate - Register Now!
HOW DO I REGISTER?
On-line at www.taiteg.org.uk
Complete the registration form enclosed
By phone on 08456 015605 to request a registration form
Date order is used when identifying people for available properties so register without delay.
HOME OWNERSHIP INITIATIVES
• Shared Equity: eg Homebuy where you own a percentage of your
property and the un-owned share is held by a housing assocation or
by the Council. No rent is payable on the unowned share.
• Shared Ownership: similar to shared equity but you pay rent on the
unowned share.
• Intermediate Rent: a weekly rent not exceeding 80% of the local
market level with an opportunity to buy later.
• Empty Homes: a grant, loan or other incentive available on
properties empty for over 6 months in areas of housing need.
• Self build plots: sold at below market value to eligible applicants.
Selfbuilders are responsible for the design and build of their home
and all costs involved.
Visit our website www.taiteg.org.uk for:
• A detailed explanation of the above schemes.
• To register on-line.
• Details of homes currently available or in development.
WHAT ARE THE RESPONSIBILITIES
OF HOMEOWNERSHIP?
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All the costs relating to buying the house, e.g. legal charges,
removal costs.
Paying the mortgage and the bills e.g. Council Tax, heating and
insurance.
Repairing and maintaining the home.
It is important to remember that your home is at risk if the mortgage
payments are not paid as required.
THE NEXT STAGE
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Your details will be placed on the register which is a confidential
database that can only be accessed by Tai Teg staff.
•
People on the register will be informed of any schemes available in
the locations of interest to them.
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If a property becomes available in your areas of choice, we will let
you know to see if you are interested and can secure a mortgage.
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When a home has been identified, a more detailed financial
assessment will be undertaken to ensure that you meet any
qualifying criteria and that the property is affordable.
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You will be asked to provide details of income and savings and show
that you can get a mortgage offer from a Bank or Building Society.
WHAT HAPPENS IF I WANT TO SELL THE PROPERTY?
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Inform Tai Teg as we may be able to find a buyer for your property.
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If you bought through Home Buy or other shared equity scheme,
when the home is sold you will receive the equivalent equity
percentage that you hold of the market value at the time of sale.
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If you bought a low cost home on a private development, the Legal
Agreement (Section 106) will state the process to be followed, but
you must inform Tai Teg that you are intending to sell.
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You will be responsible for any fees or costs associated with selling
your house.
Tai Teg
Linking people
with homeownership opportunities
www.taiteg.org.uk
[email protected]
Tel: 08456 015605