Purpose

To seek approval to introduce a Shared
Ownership Reservation Fee and for it to be included within the next
SHDC Table of Fees and Charges

Decision

1.     
That SHDC should charge a one-off fixed rate
reservation fee of £250 to prospective purchasers of shared
ownership properties

2.     
That this fee should be included within SHDC’s
Table of Fees and Charges

3.     
That authority be delegated to Head of Delivery
to refund the fees

Reasons for the decision

1.     
To establish the appropriate reservation fee to
charge

2.     
To clarify arrangements for approving individual
applications to purchase shared ownership housing, and the
collection of reservations fees

3.     
To confirm arrangements for considering refunding
reservations fees

Alternative options considered

Do nothing. In this event, SHDC
will not charge a reservation fee and would enable prospective
purchasers to reserve SHDC’s shared ownership properties
without making any financial commitment to the purchase.