Schemes Available

Apply Here Shared Ownership/New Build HomeBuy

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

How does it work?
Homes are available through different housing associations. You can buy shares worth between 25% and 75% of 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.
Second-hand shared ownership properties are also available from existing owners. These are called resale’s. More information can be found in the resale’s section.

What are my options after buying through New Build HomeBuy?
You can buy additional shares at a later date until you own 100%, if you wish to. This is called stair-casing and the cost of the additional shares is based on the market value of the property at the time that you purchase the shares. If you increase your share in the property, your rent is re-calculated and reduced proportionately.

If you wish to sell your property, your share is marketed for sale by your housing association to allow other people in housing need to benefit from low cost home ownership. The property is resold at the market value of the property at the time of resale.




Apply hereFirstBuy - HomeBuy Direct

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

How does FirstBuy Wiltshire work?
You buy a minimum of 80% of the market value of a property. An equity loan of up to 20% 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.

What are my options after buying through FirstBuy?
You can buy additional shares at a later date until you own 100%. This is calculated on the current market value at the time that you purchase the additional shares.

If you wish to sell your property, the equity loan is repaid as a percentage of the market value at the time of sale.



Apply Here Rent to HomeBuy

What is Rent to HomeBuy?
This option offers new build homes to rent for a pre-defined period of time with the expectation that you will buy a share of the property at the end of the rental period.

How does it work?
Homes are available through a range of housing associations on assured shorthold tenancies with an affordable rent of 80% (or less) of market rents. The rent is payable for a pre-defined and limited period, after which time there is an expectation that you will purchase the property on the terms of New Build HomeBuy. The rental period provides you with the opportunity to save for a deposit towards buying a share in the home, enabling you to access mortgage availability.

Some housing associations offer variations of Rent to HomeBuy. Some of these schemes are marketed with different names, for example "Try Before You Buy" or "Rent Save Buy", etc. Please enquire with the relevant housing association to clarify the terms under which the scheme you are interested in is being offered.

What are my options after renting through Rent to HomeBuy?

You will have the opportunity to purchase a share in the property throughout your tenancy. At the end of the rental period, you will be assessed to determine your affordability and eligibility to purchase a share in the property.

If your circumstances have changed and you are no longer able to afford to buy, your landlord may review your tenancy. Please note that there is no guarantee that your tenancy will be renewed after each of the agreed periods.




Apply Here Social HomeBuy

What is Social HomeBuy?
This option offers some housing associations or local authority tenants the opportunity to buy a share in their rented home.

How does it work?
Tenants can purchase a minimum initial share of 25% of the home. The remaining un-owned equity is retained by your landlord. Your landlord then charges you an affordable rent on the un-owned equity. It is possible for you to purchase 100% of the property.

What are my options after buying through Social HomeBuy?
You can buy additional shares at a later date until you own 100%. This is called stair-casing and is based on the current market value at the time that you purchase the additional shares. If you increase your share in the property, your rent is re-calculated and reduced proportionately.
If you wish to sell your property, your share is marketed for sale through your housing association, to allow further people in housing need to benefit from low cost home ownership. The property is resold at market value at the point of resale.

If you have purchased 100%, any service charges you previously paid may still be applicable. Please ask your landlord for details.




Apply Here Shared Ownership Resale’s

What are shared ownership resale’s? 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.

How does it work?
Just like New Build HomeBuy, homes are available through different housing associations. You can buy shares worth between 25% and 75% of 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.

What are my options after buying through New Build HomeBuy?
You can buy additional shares at a later date until you own 100%, if you wish to. This is called stair-casing and the cost of the additional shares is based on the market value of the property at the time that you purchase the shares. If you increase your share in the property, your rent is re-calculated and reduced proportionately. If you wish to sell your property, your share is marketed for sale by your housing association to allow other people in housing need to benefit from low cost home ownership. The property is resold at the market value of the property at the time of resale.




Apply Here Armed Forces Home Ownership Scheme (AFHOS)

What is Armed Forces Home Ownership Scheme (AFHOS)?
AFHOS is a HomeBuy option designed specifically for members of the armed forces (subject to qualifying criteria). The scheme provides qualifying applicants with assistance to buy a home.

How does it work? If you have between four to six years of continuous service in the armed forces, this scheme is a way for you to buy a home suited to your needs, with some extra help to top up your mortgage.

AFHOS could provide you with a loan of between 15-50% of the value of the home that you choose on the open market, usually through an estate agent like any other buyer.

For example if you qualify for a mortgage of £70,000, you could potentially purchase a property worth up to £140,000. For more details and to find out if you qualify for the scheme call our consultants today.