SOCIAL HOMEBUY

Social HomeBuy will provide new home ownership opportunities for existing social tenants (those tenants currently renting from a Local Authority or a Housing Association) who either don’t have or can’t afford the Right to Buy or Right to Acquire.

Basically a social tenant will be able to purchase a share in their current property and also benefit from a discount on the property’s value. It can certainly be viewed as a half way house between Right to Buy and Shared Ownership. A minimum initial purchase share of 25% applies and a nominal market rent will be charged on the share held by the Local Authority or Housing Association.

A select number of Housing Associations are assisting the Programme from its launch in April 2006 and we have been asked to support it to ensure interested applicants get clear information on their best mortgage options.

A very select number of lenders have said they are willing to assist and as always you can rely upon us to help you locate the best mortgage for your circumstances. A good selection of Social HomeBuy mortgages are available so get in touch with us today, fixed rates and tracker rates are available on market leading terms.

We also know the lenders who will assist even if you have no deposit or a poor credit rating, or maybe both!

Social HomeBuy Brochure
online Enquiry
Your name:*
Your telephone number:*
Your email address:
Where do you live?
Are you a Key Worker?
Scheme type?
How can we help you?
Initial Enquiry – How much can I borrow?
- or-
I have had an offer accepted or reserved a property and I now need to apply for a mortgage!
 
Are you approved by the HomeBuy Agent?
Please enter your approval number below:*
Do you have a deposit to put down?
Do you think your application may be difficult due to previous credit problems?
Any additional information about you that may help us?
*Telephone number is mandatory
*Name is mandatory
*Approval number is mandatory
 
 
Your home may be repossessed if you do not keep up repayments on your mortgage
*As we are Independent Mortgage Advisers you can choose how we are paid. If we arrange your mortgage you can pay us a fee of 0.5% of the loan amount or alternatively you can pay us no fee and we will receive commission from the lender instead.