South West Homes

What is HomeBuy?

HomeBuy enables first-time buyers to buy a share of a home and get onto the housing ladder.

HomeBuy is the governments low cost home ownership scheme. For many people, HomeBuy provides the best opportunity to own a home in the area in which they want to live and work.

Schemes which enable you to buy a home

• New Build HomeBuy - you share ownership of your home with a housing association, paying a mortgage on the part you own plus affordable rent on the portion you do not own.
• HomeBuy Direct  - you buy a selected newly built property with the assistance of an equity loan of up to 30%.
• H.O.L.D (Home Ownership for people with long term disabilities) - housing options for those with long-term disabilities.

Schemes which enable you to rent a home

• Rent to HomeBuy - you pay reduced rent on a new build home for up to five years, to help you save for a deposit and purchase the property.
• Intermediate Rent - you pay reduced rent of around 80% of normal market rents.

More information

If you would like more information you can download our brochure by clicking here.