Hundreds Interested In £1 Homes

A council which is selling homes for £1 has recorded 600 expressions of interest as it launches its application process for the scheme. The plan is for 35 rundown homes in the city to be brought back into use. The council will sell the homes for £1 and initially cover the costs of refurbishing the homes, which the home owners will have to pay back over a set period of time.  Applicants must satisfy various criteria. These include having lived in their home in Stoke-on-Trent for the past three years, having an income of between £18,000 and £30,000 a year and being able to commit to living in their new property for at least five years. Read more on Inside Housing.