Part Buy - Part Rent

ACHIEVE YOUR DREAM CREATE HOME WITH PART BUY, PART RENT

Introducing Home Reach, the Part Buy - Part Rent scheme by Home Reach.

Through this initiative, more people will have the opportunity to live in one of our quality Part Buy - Part Rent Create Homes in a beautiful countryside location, with just 5% deposit. If you are struggling to get a foot on the property ladder, our Part Buy - Part Rent homes can be secured with a low deposit, subject to eligibility^*. You can buy now between 50% and 75% and at a later date you can increase your share of the property, or even buy it outright when your financial circumstances change.

ADVANTAGES OF THE PART BUY - PART RENT SCHEME

The Home Reach scheme is very flexible, you can sell or move at any time, or buy more of your home in the future and stop paying rent on that part.

Your budget and affordability will decide the size of the share you initially purchase. You will then pay a monthly rent on the rest, whilst enjoying the security of home-ownership and the opportunity to own up to 100% at a later date if you wish. You can initially purchase shares from 50% up to 75% of your home, depending on your affordability* and your landlord will grant you a 125-year lease. This means you will be able to live in your home as if you’ve bought it outright, with just a 5% deposit.

You can enjoy the security of home ownership
It’s an affordable way to get on the property ladder
There is no stamp-duty for first time buyers (up to £425,000 property value)
It can be a great investment, as your share of the property could go up in value if there is an increase in property prices.
Pets are allowed, unlike in some rental agreements
You have the freedom to decorate and improve your home to your taste

Read our Part Buy - Part Rent brochure

CHECK YOUR ELIGIBILITY

You are eligible to purchase a Part Buy - Part Rent property if the following relates to your circumstances:

Your household income does not exceed £80,000 per annum
You have a deposit (at least 5% of the share value)
You have been registered and approved for shared ownership by a Help to Buy agent (we can advise you on this step)
You are a first-time buyer or previously owned a home, but cannot afford to buy 100% of the property now
You have passed a financial assessment, demonstrating you are able to purchase the minimum share value and support the monthly costs
You have a good credit history (no bad debts or County Court judgments) and can afford the regular payments and costs involved in buying a home
The property will be your principle and only home at time of purchasing

Submit your Help to Buy application HERE

Discover more about our current Part Buy - Part Rent homes