HomeBuy offers a low cost way to get on the home ownership ladder. HomeBuy makes housing affordable.

Shared ownership HomeBuy housing: three key things to know:

  1. Shared-ownership makes home ownership more affordable because you can part buy and part rent your home
  2. Homebuy is the Government's range of shared ownership housing schemes
  3. Shared Ownership and Homebuy schemes are managed locally by Housing Association 'Agents'.

To find out about shared-ownership HomeBuy schemes in your local area, or to apply for shared-ownership HomeBuy, find the local Agent for your area in the list below and follow the instructions on their website.
 

 

London   North, East and West London   Housing Options
    South London   L&Q
         
South East   Hampshire   HomesinHants
    Berks, Bucks, Milton Keynes and Oxfordshire   Catalyst
    Sussex and Kent   Moat
    Surrey   Catalyst
         
South West   Avon; Gloucestershire, Somerset and Wiltshire.   South West Homes
    Devon and Cornwall   South West Homes
    Dorset   South West Homes
         
West Midlands   Hereford and Worcester   Orbit
    Staffordshire and Shropshire   Orbit
    Coventry and Warwickshire   Orbit
    Wolverhampton, Walsall, Dudley, Birmingham, Sandwell and Solihull   Orbit
         
East Midlands   Derbyshire, Leicestershire and Notts.   E M Homebuy
    Lincolnshire and Rutland   E M Homebuy
    Northamptonshire   E M Homebuy
         
East of England   Beds and Cambridgeshire   Orbit
    Essex   Moat
    Hertfordshire   Lea Valley Homes
    Norfolk and Suffolk   Orbit
         
North West   Cheshire   HomesHub
    Cumbria   Riverside
    Lancashire and Manchester   Plumlife
    Merseyside   HomesHub
         
North East   Tees Valley and County Durham   Time2Buy
    Tyne and Wear and Northumberland   Isos
         
Yorkshire and the Humber   North Yorkshire, West Yorkshire and Humberside   My4Walls
    South Yorkshire   Plumlife

 

HomeBuy enables social tenants, key workers and first time buyers to buy a share of a home and get a first step on the housing ladder.

There are a number of different types of HomeBuy scheme:

New Build HomeBuy

New Build HomeBuy purchasers can buy a minimum initial purchase of 25 per cent of a newly-built home. A housing association can hold the remainder of the equity.  Purchasers may buy further shares in their home when they can afford to do so, which is known as "staircasing".
Anyone interested in new build HomeBuy  should contact their local housing association HomeBuy Agent for further details. The HomeBuy agents throughout the country are listed in the table below.
 

Open Market HomeBuy

There are two Open Market HomeBuy products - MyChoiceHomeBuy and Ownhome offered by appointed equity loan providers.

Social HomeBuy
This scheme provides opportunities for housing association tenants who do not have the Right to Buy or Right to Acquire, and those who do, but cannot afford outright purchase under the statutory schemes, to buy a share in their rented home, at a discount.

HomeBuy Direct

HomeBuy Direct is a new shared equity scheme designed to help up to 10,000 First-Time Buyers into affordable home ownership. The scheme will also help participating house builders by enabling more First-Time Buyers to purchase their newly built properties. The scheme has been allocated £300m of Communities and Local Government funding. HomeBuy Direct will be offered on specific new build properties brought forward by developers. Buyers will be offered an equity loan of up to 30 per cent of the purchase price, co-funded by Government and the developer.

ISOS provides a very good summary of the different HomeBuy schemes called Which HomeBuy Scheme

 

 

 

 

Other links

 

shared-ownership.org.uk

The first place to look for information about affordable shared-ownership housing