"NO GOVERNMENT FUNDING AT PRESENT"

 

MyChoiceHomebuy
Allows approved purchasers to purchase a property on the open market.

Being government funded, you can receive a government equity loan for up to 50% of the purchase price. Any savings or contribution from family/friends above £10,000 can be used to "top up" your purchase price without affecting your government equity loan.

The Equity Loan is secured on the property by percentage and tops you up to your purchase price. It is repayable as that same percentage of the property's value or eventual sale price.

The Equity Loan carries a low level monthly servicing fee payable to the HomeBuy Agent which is initially capped at 1.75% of the Equity Loans value. This fee will go up slightly with inflation each year and is set to be cheaper than say the equivalent monthly payment under a Shared Ownership Rent.

MyChoiceHomeBuy is for people who would not otherwise be able to buy their own home

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Call our dedicated Homebuy team Free of charge on 0800 0431011
or, click here to send us an email

mychoicehomebuy, low cost housing, homebuy, new build homebuy, open market homebuy, affordable housing, Shared ownership, First Time Buyers, Goverment Assistance, Key workers, Social Tenants