Help to buy a home
There are several different options for buying an affordable new or existing shared ownership home funded through the government's Help to Buy programme.
Current schemes include:
棋牌游戏电玩平台Shared ownership homes are mainly brand new houses for sale on a part buy/part rent basis through different housing associations. It is possible to purchase shares of between 25% to 75% of the home's market value and you pay a low rent on the remaining share.
Shared Ownership - Home Ownership for people with long term disabilities (HOLD)
棋牌游戏电玩平台You can apply for a scheme called home ownership for people with a long-term disability (HOLD) if other Help to Buy scheme properties don’t meet your needs, eg you need a ground-floor property. With this scheme you can buy up to 25% of your home.
棋牌游戏电玩平台Open to both first-time buyers and home movers on new-build homes in England with a purchase price up to £600,000.
- You’ll need to contribute at least 5% of the property price as a deposit
- The government will give you a loan for up to 20% of the price
- You’ll need a mortgage of up to 75% to cover the rest
Rental schemes – Intermediate rent / Rent to Buy
棋牌游戏电玩平台Rent to Buy properties are new homes for rent. The rents are approximately 20% cheaper than a similar property on the open market and it is expected that you will purchase the home on a shared ownership basis at the end of the rental period.
- An affordability check will be carried out to confirm that you will be able to afford the rent from the start and that you can buy a share later on.
- You will usually need a month's rent and a deposit at the tenancy start date.
- To find out if you are eligible and register, visit the:
- Call 0845 604 11 22