Shared Ownership Schemes

We work closely with some of the largest Housing Associations and are able to offer advice in this specialised market, we are able to offer exceptional service and guide you through the process of buying through these schemes.

Please see below an explination of the various schemes that may be available to you:

'HomeBuy' schemes                      

You could get help to buy a home through a HomeBuy scheme. They are open to households earning less than £60,000 a year.

You may be eligible if you are either a:                                        

• first time buyer

• previous home owner who now is unable to fund a full purchase due to lack of deposit.

• housing association or council tenant

• ‘key worker’ (a key public sector worker, like a nurse or teacher)

• Please contact us to see if you would qualifiy for one of these schemes

   

HomeBuy options

There are four HomeBuy options:

• 'New Build HomeBuy' - helps people to buy a share of a newly built property and pay rent on the remainder

• 'HomeBuy Direct' - helps people to buy a property through an equity loan provided equally by the Housing Association and developer

• 'Open Market HomeBuy' - helps people to buy a property on the open market through an equity loan

• 'Social HomeBuy' - helps council and housing association tenants buy a share of their home at a discount if their landlord offers the scheme

If you can’t afford to buy a share of a home through one of these shemes, you could get help through ‘Rent to HomeBuy’. You could rent a newly built property for a fixed length of time. During this time, you could save a deposit to buy a share of the property through the New Build HomeBuy scheme.

First Time Buyers' Initiative (FTBi)

If you are a first time buyer, you may be able to take part in the First Time Buyers' Initiative to help you buy a newly built property.

The scheme is only available on certain housing developments, so check with the HomeBuy agent for your area.

HomeBuy Agents

The HomeBuy schemes are run by HomeBuy agents, who can help you through the application process to buy a home on a scheme. HomeBuy agents are appointed housing associations - non-profit organisations that manage housing for people who have difficulty buying a home.

If you think you are eligible for help to get a home through a HomeBuy scheme, contact your local HomeBuy agent. If you are a key worker, contact a HomeBuy agent for the area where you work.

If you are a council or housing association tenant interested in the Social HomeBuy option, contact your landlord to find out if the scheme is available to you.

Buying your home

Buying a home is a major financial commitment that will involve immediate costs, like legal fees, any deposit and possibly Stamp Duty Land Tax. You’ll also have to pay ongoing costs, like paying the mortgage, repairs and service charges.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.