South West Homes

Do I qualify

Am I eligible to buy a home using HomeBuy?

You should be able to say YES to ALL of the following statements.

• My household income is less than £60,000
• I am unable to afford to purchase a home suitable for my housing needs within a reasonable travelling distance of my work place
• I can demonstrate access to savings or sufficient funds to pay, if required, a deposit (which may be 5% or more of the purchase price), legal fees, stamp duty and other costs of moving.
• I am able to sustain home ownership in the longer term.
• I am not already a home owner or named on a home mortgage.
• I have a good credit history

Am I eligible to rent a home using HomeBuy?

You should be able to say YES to ALL of the following statements.

• My household income is less than £60,000
• I am unable to afford to purchase a home suitable for my housing needs within a reasonable travelling distance of my work place
• I am able to save for a deposit towards home ownership in the longer term.
• I am not already a home owner or named on a home mortgage.
• I have a good credit history