Help to Buy South West

Friday, 26-Aug-2016
Welcome - Home

Welcome - Home

             

 

 

Help to Buy South West is the Government appointed Help to Buy Agent for the following regions. 

  • - Cornwall
  • - Devon
  • - Dorset
  • - Somerset - excluding Mendip, North Somerset and Bath & North East Somerset

For information on Help to Buy Agencies outside of our area please click here.

 

********** Please note our offices will be closed on Monday 29th August for the Bank Holiday and will re-open Tuesday 30th August at 9am **********

 

Help to Buy Shared Ownership

 

Help to Buy Equity Loan

If you cannot quite afford the mortgage on 100% of a home, Help to Buy Shared Ownership offers you the chance to buy a share of a home (between 25% and 75% of the home's value) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to - this is called Staircasing

 

With a Help to Buy Equity Loan the Government lends you up to 20% of the cost of your newly built home, so you will only need a 5% cash deposit and a 75% mortgage to make up the rest.

 

 

 

Help to Buy Shared Ownership Resales

 

Discounted Sale

When any existing part buy/part rent home becomes available for resale you can buy the share from its current owner

 

When Councils and Housing Associations build new homes for sale, some are sold at a discount from the Open Market value and maybe subject to meeting Local Connection criteria.  This is known as a Discounted Sale

 

 

 

Affordable Rent

 

Rent to HomeBuy

This option offers new build homes to rent at 80% of typical market rents.

 

This option offers newly built homes to rent for a period of time with the option to buy a share of the property at the end of the rental period.

 

 

  

 

 

 

 

 

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