Discount Market Sale (DMS) definition and requirements

Discount Market Sale (DMS): Housing that is sold below local market value without any form of public sector subsidy to certain eligible households, determined with regard to local incomes and local house prices. Homes sold under this definition should have a discount of 20% and include provisions to remain at a discount for future eligible households. It can be delivered directly by a private landlord or RHA, but should be offered in line with the applicant and property eligibility criteria established by DfC in relation to the Subsidised Shared Ownership products outlined above. However, as it is offered outside of a formal DfC product, the regulation and monitoring of DMS units will be secured as part of the s76 Agreement (refer to Section 5.3).