HomeBuy Direct is just one of the schemes available. What else is on offer to first time buyers?
New Build HomeBuy
With this scheme, you share ownership of your home with a housing association, paying a mortgage on the part you own plus affordable rent on the portion you don’t own.
You take out a conventional mortgage to fund part of your property purchase and a low-interest equity loan to cover the rest.
Housing association and local authority tenants buy their home on a shared ownership basis or outright, with a discount on the share being purchased.
You pay reduced rent on a new build home for up to three years, to help you save for a deposit and purchase the property.
Qualifying conditions apply with all of the HomeBuy schemes. Enquiries and applications should be made through your local HomeBuy agent (HBA). A list of the HBAs and their contact details are available on the government's website.
Housing association and local authority tenants also have access to the following schemes for buying the home they live in:
Right to Acquire
For housing association tenants
Right to Buy or Preserved Right to Buy
For local authority tenants or tenants who have been transferred from a local authority to a housing association.
Social rented tenants should contact their landlord to see if they are eligible for one of these schemes.
Affordable Housing: What Are The Developers Offering?
Mortgage information from 4Homes
Mortgages For First Time Buyers
First Time Buyers: The House Buying Process
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