Help to buy a home

There are several different options for buying an affordable new or existing shared ownership home funded through the government's Help to Buy programme.

Current schemes include:

Shared Ownership

Shared ownership homes are mainly brand new houses for sale on a part buy/part rent basis through different housing associations. It is possible to purchase shares of between 25% to 75% of the home's market value and you pay a low rent on the remaining share.

Shared Ownership - Home Ownership for people with long term disabilities (HOLD)

You can apply for a scheme called home ownership for people with a long-term disability (HOLD) if other Help to Buy scheme properties don’t meet your needs, eg you need a ground-floor property. With this scheme you can buy up to 25% of your home.

Equity Loan

Open to both first-time buyers and home movers on new-build homes in England with a purchase price up to £600,000.

  • You’ll need to contribute at least 5% of the property price as a deposit
  • The government will give you a loan for up to 20% of the price
  • You’ll need a mortgage of up to 75% to cover the rest

Rental schemes – Intermediate rent / Rent to Buy

Rent to Buy properties are new homes for rent. The rents are approximately 20% cheaper than a similar property on the open market and it is expected that you will purchase the home on a shared ownership basis at the end of the rental period.

  • An affordability check will be carried out to confirm that you will be able to afford the rent from the start and that you can buy a share later on.
  • You will usually need a month's rent and a deposit at the tenancy start date.

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