A pioneering scheme will be giving people the chance to get a foot on the property ladder.

Hertsmere Borough Council are seeking to help people with a connection to the borough to own their first home by offering a discounted rate.

To be eligible for the scheme, residents must already live in the borough, have worked locally for six months, or have close family ties to Hertsmere.

Applicants will only be considered if they are earning below £80,000 a year, would not be able to buy a home without help and do not already own a property.

Armed forces personnel who live in the borough or have lived locally before being posted will receive high priority.

There are 20 one- or two-bedroom properties in Liberty Court, the newly developed complex formerly known as Isopad House in Shenley Road, Borehamwood which will be available through this proposal.

The site has underground parking for residents, and all of the homes come with flooring throughout the property and are fitted with modern household appliances.

The buyer does not pay rent on the share they do not own, and the remaining equity is owned by the council who act as silent partners.

This means that residents would be able to buy a new property for 80 per cent of its market value.

For example, under the equity share scheme, a two-bedroom flat, which would have a full market price of £345,000, could be purchased for £288,000 - a discount of £57,600 The site is currently under construction, but most properties at Liberty Court will be available to buy or sell by the end of the year.

For more information or to register visit Hertsmere Borough Council’s agent at https://www.helptobuyese.org.uk/.