Welcome to HomeBuy. Here you will find detailed information, helping you make the best choice for you.

Young couple 
 
 

Products and options 





HomeBuy provides a wide range of options to suit individual needs and affordability.  A summary of options are below. 

New Build HomeBuy


This option offers brand new homes for sale on a part buy / part rent basis.

You can buy shares worth between 25% and 75% the property’s market value and you pay a subsidised rent on the remaining share. You may need to raise a mortgage to purchase your share. If you have a large deposit or equity from the sale of a property, this can also be used towards purchasing your share.

Click here for further information.

Click here for part buy/part rent new developments


Open Market HomeBuy

This option offers shared equity loans towards the purchase of a home of your choice on the open market. This can be a second-hand property or a brand new home from a private developer.

There are two products available through Open Market HomeBuy.  Click on the product names below to find out more:

MyChoiceHomeBuy 

Ownhome 


Resales

When any existing part buy / part rent home becomes available for resale, you can buy the share from its current owner. The homes vary greatly in terms of  age, size and type.

You can buy shares worth between 25% and 75% the property’s market value and you pay a subsidised rent on the remaining share. You may need to raise a mortgage to purchase your share. If you have a large deposit or equity from the sale of a property, this can also be used towards purchasing your share.

Click here for further information.

Click here for part buy/part rent properties


New Build Discounted Rent

Also known as intermediate rent, this option offers new build homes to rent at 80% (or less) of typical market rents.

A limited number of homes are available on assured shorthold tenancies, usually for an initial period of six months. This timescale is reviewed regularly.

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HomeBuy Direct

This option offers equity loans towards the purchase of a new build home on selected developments.

You buy a minimum of 70% of the market value of a property. An equity loan of up to 30% is provided to assist your purchase. There are no payments on the loan for the first five years. After five years there is a fee of 1.75%, which increases annually in line with inflation. You will need to raise a mortgage to purchase through this scheme. You can also use any savings you may have to contribute as a deposit towards your share.

Click here for further information.


First Time Buyers' Initiative

This option is offered by private developers on selected new homes.

You buy a brand new home with a mortgage for a minimum of 50% of the market value of the property. The government then provides a shared equity loan to help you to buy up to the full purchase price. There are no interest charges for the first three years. After three years there is a fee of 1%, rising to a maximum of 3% after five years in the property.

Click here for further information.


Social HomeBuy

This option offers Moat tenants the opportunity to buy a share in their rented home.

Moat tenants can purchase a minimum initial share of 25% of the home. The remaining un-owned equity is retained by Moat as your landlord. Moat then charges you an affordable rent on the un-owned equity. It is possible for you to purchase 100% of the property.

Click here for further information.


Am I eligible for HomeBuy?

Please click here
to find out.





Your home is at risk if you do not keep up rent and mortgage repayments or payments on other loans secured on it.

Please note the value of properties can go down as well as up.