HomeBuy low cost home ownership

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.
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• 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).
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• 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.
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• 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.
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• 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.
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• First Time Buyers Initiative (new window) - aims to make more affordable homes available to first-time buyers priced out of the housing market.

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 website (new window).
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• Search for available properties (new window)

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.