New Build HomeBuy

What is New Build HomeBuy?

New Build HomeBuy (often referred to as shared ownership or part-buy, part-rent) is a government funded scheme designed to help you get onto the property ladder.

New Build HomeBuy acts as a stepping-stone between renting and home ownership. You buy a share of a newly built or resale home (normally via a mortgage) and pay a below market rent to us on the share that you don’t own.

A monthly buildings insurance, and in some cases, a monthly service charge will also be payable. For example, you may purchase a 50% share of the property and will then pay a rent on the remaining 50% still owned by us.

When you can afford to do so, and in most cases, you may purchase additional shares and eventually own the property outright.

The flexibility of the scheme enables a wide range of people to buy a home, including:

• first time buyers
• families needing accommodation
• people who are starting over (i.e.) following a relationship breakdown
• older people looking to downsize

For more information, just click on the following items to view:

How to apply

For New Build HomeBuy (shared ownership / part-buy, part-rent) queries or an application pack contact us on
01525 844460

Or you can also download an:

application form

Do you need the information in this document in a different format?

Please contact us on 01525 840505 to discuss your specific requirements.