What is HomeBuy?
Buying or renting a home with HomeBuy
HomeBuy is the brand name given to low cost home ownership and some affordable housing options. The schemes enable first-time buyers to buy a share of a home and get onto the housing ladder.
HomeBuy is the governments low cost home ownership scheme. For many people, HomeBuy provides the best opportunity to own a home in the area in which they want to live and work.
To apply for any of the schemes you would contact the HomeBuy Agent for the area, this is South West Homes.
Schemes which enable you to buy a home
- Shared Ownership
- FirstBuy
- HomeBuy Direct
- H.O.L.D (Home Ownership for people with long term disabilities)
- Shared Ownership Resales
- Social HomeBuy
- Armed Forces Home Ownership Scheme
Schemes which enable you to rent a home
- Rent to HomeBuy
- Intermediate Rent
More information
If you would like more information you can download the brochure and application form from the read more section on the right-hand side of this page.
Do I qualify?
Am I eligible to buy a home using HomeBuy?
You should be able to say YES to ALL of the following statements.
- My household income is less than £60,000
- I am unable to afford to purchase a home suitable for my housing needs within a reasonable travelling distance of my work place
- I can demonstrate access to savings or sufficient funds to pay, if required, a deposit (which may be 5% or more of the purchase price), legal fees, stamp duty and other costs of moving.
- I am able to sustain home ownership in the longer term.
- I am not already a home owner or named on a home mortgage.
- I have a good credit history
Who do I contact to apply?
To apply for any of the schemes you would contact the HomeBuy Agent for the area, this is South West Homes.
Contact Details:
South West Homes, Tel: 0300 100 0021, Web: www.southwesthomes.org.uk