Rent To Buy
Rent to Buy is a scheme which allows working households to rent a home at an Intermediate Rent, which is 80% of the market rent in the area you choose to live. The reduction in rent gives you an opportunity to live in a new, affordable home while you save towards a deposit to purchase the property within 5 years.
Available Schemes:
Contact details for further information: 0300 123 0918 or email the sales team via sales@emh.co.uk
Shared Ownership
This scheme will allow you to buy a percentage of a property and pay a below-market-value rent on the rest, which is owned by a housing association. Buying a percentage means a smaller deposit and smaller mortgage allowing for that first step onto the property ladder. You can also continue to buy shares and eventually own the property outright.
The share you buy is based on your affordability taking into consideration the property price, your earnings, your savings, and your monthly outgoings. Shares usually start at 25%, increasing in 5% increments up to an initial maximum of 75% (80% on rural schemes). The rent you pay is calculated on the share that you do not own. On some sites a service charge may also be payable to cover the costs of things such as communal landscaping, cleaning, lighting, and lift maintenance.
Available Schemes:
emh Shared Ownership New Build - Webpage
emh Shared Ownership New Build - Frequently Asked Questions (FAQs)
Contact details for further information: 0300 123 0918 or email the sales team via sales@emh.co.uk