Shared Ownership

The HomeBuy scheme (shared ownership) assists applicants who are first time buyers or other eligible groups into affordable home ownership.

To be eligible for the HomeBuy scheme applicants must meet one of the following criteria:-

• Maximum household income of £60,000 p.a
• First time buyers unable to buy a home without assistance.
• Previous home owners or owner-occupiers who are going through a relationship breakdown (and the property is being sold or transferred to a sole name).
• Social Housing Tenants
• Key Worker

An equity loan of up to 50% of the home’s market value will be offered and the remaining value of the home will need to be funded by a mortgage and deposit; a minimum deposit of 5% is required.

To register for HomeBuy or for further information please contact Lea Valley Homes or Homebuy to see available shared ownership properties currently available.