If you are interested in Shared Ownership and other Help to Buy options you need to apply to go on the Help to Buy register which is managed by Moat. You can apply online, find out more about different Help to Buy options and search for homes currently for sale on Moat's Help to Buy website. You may also find the Winter 2014 Help to Buy newsletter of interest.
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. For more information please see the Help to Buy website . All shared ownership properties currently for sale can be viewed on the Help to Buy website. To see what new developments will provide shared ownership properties in the future in Mid Sussex please see our new build affordable housing 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%. The Help to Buy website gives further information including the participating mortgage providers.
Housing Development Officer