Property Buying Guide

New Build HomeBuy

HomeBuy is the umbrella name of the government schemes to help first time buyers. The HomeBuy scheme is primarily, but not exclusively to help key workers or those considered to be in housing need.

There are three different HomeBuy schemes.

The three main HomeBuy schemes are:

New Build HomeBuy UK, where you buy a share of a property from a housing association, typically 50%, and pay rent on the rest. This was previously known as shared ownership.

Open Market HomeBuy UK where you buy 75% of a property yourself and the remaining 25% with the help of an equity loan. This type of ownership is known as shared equity

Social HomeBuy UK is where housing association and local authority tenants are given the opportunity to buy a share in their home at a discount.

The government also offers equity loans without shared equity restraints to selected personel.

New Build HomeBuy agents have been appointed across the UK. HomeBuy agents know who will be eligible for New Build HomeBuy properties. Whether or not you are a key worker, HomeBuy might be available to you. Whichever way you move forward to buy your first home you should take first time buyer mortgage advice at the outset.

There is a great deal more information about New Build HomeBuy, shared ownership, how to find out if you are a key worker or eligible and how to contact your local HomeBuy agent in our shared ownership guide.  The guide takes you to a list of HomeBuy agents.

To buy a New Build HomeBuy property you will need a HomeBuy mortgage which is a shared ownership mortgage.

Contact a mortgage advisor who can help you with HomeBuy mortgages - or any other first time buyer mortgages. They will offer you broad based first time buyer mortgage advice.

• Shared Ownership Guide
• Shared Equity Guide
• Open Market HomeBuy Guide
• Shared Ownership and shared equity mortgage advice
• Sign our petition to campaign for more government help for first time buyers
• New Build HomeBuy Mortgage Advice

Some local shared ownership New Build HomeBuy agents:

New Build HomeBuy Agents for New Build HomeBuy in London,  Northampton,  Birmingham,  Bristol,  Camden, Croydon,   Dorset, Essex,  Hampshire,  Kent,  Berkshire,  Surrey,   Sussex,  Oxford,  Hertfordshire,  Bedfordshire,  Scotland,   Edinburgh,  Northern Ireland, Guildford, Manchester, Liverpool, York, Leeds, Cambridge, Nottingham, Leicester, Lincoln, Canterbury, Rest of UK

Most useful and most popular pages on this site:

Look for your First Property l Seek First Time Buyer Mortgage Advice l See our Best First Mortgages Comparison Table l Find out about First Time Buyer Mortgages l Find out How to Buy a House l Learn all about The First Time Buyer Mortgage l Shared Ownership

Other useful websites:

www.communities.gov.uk – the government's main site with information about housing
www.direct.gov.uk – offers a range of government information and services, including for housing
www.housingcorp.gov.uk – for more information about housing associations 

If you're looking for a short cut to your first home, we recommend you look closely at the following three options.
 
1   Consult a mortgage advisor to see if you can afford it on your own.

2   See if there are any new-build bargains in your area

3   If you still can't afford what you want, speak to your parents about how they can help and revisit the first two options with their input taken into consideration.