Homebuy Direct
Homebuy Direct is a new product from the Homes and Communities Agency working in partnership with housebuilders. It aims to provide affordable new homes to people who have been priced out of the market. This is a nationwide scheme with specific Builders taking part, there are well known names such as Barratt Homes, Bellway, Crest Nicholson, Lioncourt and Persimmon.
You purchase an equity share of at least 70% of the property by way of a mortgage; this will be dependent on individual circumstances. The 30% will be provided by equity loan from the builder and the agency. We will help you find the mortgage with a qualifying lender at the best rate suited to your needs and circumstances.
There is no rent payable on this scheme .The unsold equity share will be registered as a charge on the property. When your financial circumstances allow you may buy further equity, this is known as staircasing.
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Call our dedicated Homebuy team Free of charge on 0800 0431011
or, click here to send us an email
