Open Market HomeBuy and MyChoice HomeBuy are very popular programmes as they offer qualifying applicant’s access to Equity Loans to assist in the purchase of a property on the open market through an Estate Agent in the usual way.

Successful applicants have to fund between 50% and 85% of the purchase themselves by raising a mortgage. Savings also need to be factored into the assessment if being used as a deposit.

The Equity Loan is secured on the property by percentage and tops you up to your purchase price. It is repayable as that same percentage of the property’s value or eventual sale price.

The Equity Loan carries a low level monthly servicing fee payable to the HomeBuy Agent which is initially capped at 1.75% of the Equity Loans value. This fee will go up slightly with inflation each year and is set to be cheaper than say the equivalent monthly payment under a Shared Ownership Rent.

We work closely alongside the Housing Associations that have been nominated by the Government as HomeBuy Agents. It is only through these HomeBuy Agents that the Open Market HomeBuy and MyChoice HomeBuy programmes can be applied for and accessed.

You must ensure you are registered with your local HomeBuy Agent and have an acceptance reference number before you contact us.

All applicants have to know their financial boundaries and of course, obtain a mortgage from a lender who is supportive of the programmes offering competitive terms.

That’s where we come in!

We have been trained by the Government and by the HomeBuy Agents and are on hand to help you quickly and easily identify and apply for the best Open Market HomeBuy and/or MyChoice HomeBuy mortgage for your needs, be that a fixed rate or a tracker rate, or whether you have a useable deposit or not!