Available on over 250 sites with more than 90 housebuilders across England, Home Reach has already helped people into over 6,000 homes.
With a fresh outlook on home buying, the scheme allows you to purchase up to a 75%* share in one of the new build homes and then pay rent at a rate of 2.75%** on the share you don’t buy. From there you can buy further shares until you own 100%*** in a process called ‘staircasing’.
Your budget doesn’t decide the size of the home you buy, it decides the size of your share. You may feel a smaller share in a bigger home, works better for you or instead a larger share in a smaller home is the way for you to go. With studios up-to 5-bed homes available, you’re not short of choice.
A small list of eligibility requirements includes not owning a home at the time of completion and the maximum household income must be less than £80,000 (£90,000 if you’re in London). Even better, the process to check you are eligible for Home Reach is simple and easy, you just have to register with your local Help to Buy agent and be financially qualified by an Independent Financial Advisor. Plus, pets are welcome **** so if you’ve got a furry friend that you want to bring with you or introduce to your new home, the team at heylo are happy for you to do so.
Here to make home ownership possible for those who didn’t think they could.
For more information go to: www.homereach.org.uk or call 020 3744 0415
*Starting shares vary across sites, for more information please speak to the them.
***Reviewed annually in April by RIP + 0,5%
***Restrictions apply on some properties. Please check your lease.
***Check with your managing agent or housebuilder