Options available to buy a new home

The Homebuy Scheme

This scheme helps you to buy a property in the private sector. If you qualify, you will be entitled to an interest-free loan for 25% of the price of the property. A housing association will provide the loan and will take a legal interest in the property. You will have to pay the other 75% of the price through a normal mortgage or savings.

If you would like more information, telephone 020 8831 6444.

Shared Ownership

This scheme is sometimes referred to as ‘part buy and part rent’. We work with a housing association to provide small housing schemes which we offer to shared ownership buyers. You need to take out a mortgage for a share (usually 25 - 50%) of the full price of the property and then pay rent to a housing association to cover what is left. You will be able to buy extra shares in the property in the future, and eventually buy the property.

If you would like more information on shared ownership, telephone 020 8831 6444.

More information on buying a house

The Council of Mortgage Lenders has produced a helpful guide called ‘How to Buy a House’. You can obtain a free copy by sending a large stamped addressed envelope to:

The Council of Mortgage Lenders
3 Savile Row
London
W1X 1AF