HomeBuy is the government’s range of low cost home ownership
products developed to make home ownership more affordable. It helps
social tenants, key workers and first-time buyers to get onto the
housing ladder.
You apply for HomeBuy products through the
HomeBuy agent for this area.
If you are unable to purchase a property on the open market
without assistance, you may be eligible for one of the
following:
-
New Build HomeBuy (new window) - new
homes are offered for sale as leasehold properties on shared
ownership terms.
-
MyChoiceHomeBuy (new window) -
purchasers buy a home on the open market with the benefit of an
equity loan that sits alongside a conventional mortgage. One of
two Open Market HomeBuy products - the other
being Ownhome (new window).
-
HomeBuy Direct (new window) -
purchasers buy specific new build properties with an equity loan
of up to 30 per cent of the purchase price, with the loan
jointly funded by the government and the developer
(scheme closes 30 September 2010).
-
Rent to HomeBuy (new window) - selected new
build homes are rented on intermediate rent terms for up to
three years, after which time the tenant can purchase their home
through the New Build HomeBuy scheme.
-
Social HomeBuy (new window) - enables
social housing tenants of participating housing associations and
local authorities buy their current home either outright or on
shared ownership terms.
Orbit HomeBuy Agents
Orbit HomeBuy Agents are the HomeBuy agents for Suffolk,
Norfolk, Cambridgeshire and Bedfordshire. You can find more details
about each of the HomeBuy products and how to apply on their
website or by calling 0345 850 2050.
Orbit Homebuy Agents are part of
Orbit
First Step (new window) - a division of the Orbit housing
association specialising in low cost home ownership.
The government's
Homes and Communities Agency (new window) is
responsible for the HomeBuy scheme and for government investment in
affordable housing in England.