The Government’s HomeBuy scheme helps purchasers who cannot afford to buy a home on the open market. We have recently introduced two innovative products into the HomeBuy range in response to the current difficulties which potential buyers are experiencing as a result of the restrictions on the global supply of credit.
Our Rent to HomeBuy product allows households to rent a home from a housing association at below market rent for up to five years, enabling them to save for a deposit. The HomeBuy Direct scheme provides purchasers with an equity loan of up to 30 per cent. to purchase a newly built home from participating developers on specific sites. The loan is funded jointly by the developer and Government.