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
Help to Buy Shared Ownership
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 Equity Loan
When any existing part buy/part rent home becomes available for resale you can buy the share from its current owner
Help to Buy Shared Ownership Resales
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.
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.