There are many schemes to help people get on the property ladder. To find out which scheme may be the best option for you please click on the logo below.
Some popular schemes in this area can be found below.
Shared Ownership schemes 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% but can start at as little as 10%, 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:
Click on the links below for more information, guides and handbooks and how to register your interest:
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emh
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More Information |
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Grand Union Housing Group (GUHG)
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More Information |
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Greatwell Living
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More Information |
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Home Group (via Persona Homes)
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More Information |
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Legal & General
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More Information |
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Longhurst Group
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More Information |
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Midland Heart
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More Information |
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Northants Rural
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More Information |
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Orbit homes
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More Information |
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Platform Housing
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More Information |
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Riverside
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More Information |
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Sage Homes
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More Information |
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Stonewater Homes
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More Information |
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Zen Housing
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More Information |
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:
Click on the links below for more information, guides and handbooks and how to register your interest:
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emh |
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Longhurst Group |
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Platform Housing |
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| Stonewater Homes |
First Homes is a government-backed affordable housing scheme to help more people onto the property ladder.
If you’re a first-time buyer, you may be able to buy a home for 30% to 50% less than its market value. The home must be your only or main residence.
The home can be:
- a new home built by a developer
- a home you buy through an estate agent, which someone else bought before through the scheme
You can look for new homes in your area that are advertised by developers or estate agents through the First Homes scheme.
Developers offer these homes to first-time buyers with at least 30% of the market value taken off the price.
Unlike shared ownership, there’s no rent to pay on the percentage reduction.
For more information, please visit the government website here