Help to Buy
If you are interested in Shared Ownership and the other Help to Buy options you need to apply to go on the Help to Buy register which is managed by Bedfordshire Pilgrims Housing Association. You can apply online, find out more about different Help to Buy options and search for homes currently for sale on the Help to Buy website for the South East. See the Your Guide to Help to Buy leaflet for further information.
Please see the link below to the latest Help to Buy Newsletter for Spring 2015
Also the Help to Buy Homes Bulletin Issue 1 for June 2015
There are several different Help to Buy products:
Shared ownership - New build and Re-sales
Also known as part-buy part-rent this option allows applicants to buy a percentage share of a property while a housing association retains the other share. A rental payment is charged on the share owned by the housing association. In most cases shared owners can buy additional shares later on to increase their equity. To see what new developments will provide shared ownership properties in the future in Mid Sussex please see our new build affordable housing webpage. All properties currently being marketed are advertised on the Help to Buy property search webpage.
Help to Buy equity loans
Equity loans are available on specific properties on new build developments. Applicants must provide a 5% deposit and have access to a mortgage/savings for another 75% of the properties value. An equity loan for the final 20% is provided which is interest free for the first five years. For more information please see the Help to Buy website.
Help to Buy mortgage guarantee
The Help to Buy mortgage guarantee scheme helps households to buy a property with a deposit as little as 5%. For more information please see this webpage on Help to Buy Mortgage Guarantees
Housing Development Officer