HomebuyIn a nutshell, HomeBuy enables buyers to purchase a percentage share of the property's equity, and pay subsidized rent on the remainder. This is great news for those who cannot afford to buy in today's property market and have been priced out by spiraling house prices.
If you would like to know more about Homebuy and how it works, please download our Handy Guide. You can apply for a Homebuy property through our agent, Plumlife, by clicking the link - www.plumlife.co.uk
Shared ownership enables first time buyers to purchase a % of the properties equity (typically over 25%) and pay a low rent on the remainder. Later, if you can afford it, you can increase your ownership share until you own the property completely.
This scheme lets you rent your new home while you save up for a deposit. As your circumstances change, you can purchase shares in your home or even buy it outright.
