Mortgage & Property Advice Centre for First Time Home Buyers
Email a friend   |   Bookmark this page   |   RSS Feed
Home Best Mortgages Latest News Newsletter Petition Site Map
Where are you? > home > shared ownership > what is new build homebuy?
Search This Site:      Search Property News:
Property Buying Guides
Mortgage Guides
Renting Guide

Housing Policy Petition

This petition will be presented to the Government at an opportune moment to try and get some action for FTBs.

Please sign up and be counted!

Sign Up

Property Buying Guide

What is the New Build HomeBuy?

New build HomeBuy is the Government's shared ownership scheme for first time buyers. Shared ownership is where you buy part of a property and rent the rest from a landlord, usually a Registered Social Landlord (RSL). Many RSLs are housing associations or housing trusts and the properties have usually either been renovated or built by them. The schemes are usually funded by the Government through the Housing Corporation.

Some RSLs offer non-government-funded schemes, which run along the same lines, as do some private developers and building societies.

To buy a new build home you will need to seek mortgage advice to see what percentage of the property you can afford. Stamp duty is nto payable unless you purchase at least 80% of the property.

More about new build HomeBuy and shared ownership in our guide: 

Who is eligible and what are the selection criteria? l Special features and how to apply l What is involved with shared ownership and who can apply? l How do I increase my share and how much do properties cost?  l What rights and responsibilities do I have? l Are there restrictions on resale? l Can I buy with someone? And what about finance and legal issues?  l Where do I start and what happens next?  l What questions should I ask? l Will shared ownership really enable more first time buyers to buy a home? l Shared Ownership Mortgage basics l Benefits and pitfalls of shared ownership l Shared ownership schemes run by house-builders  l  The First Time Buyers Initiative/English Partnerships


Useful links:

www.communities.gov.uk/
www.englishpartnerships.co.uk
www.housingcorp.gov.uk/
www.direct.gov.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

Best First Mortgages

Best First MortgagesSee the features of first time buyer mortgages, the pros and cons and where to find out more.

Newsletter

Free First Time Buyer Newsletter

Register

Quick Links

20 second poll - How optimistic are you?

Are properties in your area more expensive than they were a year ago?

Yes
No

Are you keener to buy a property now than you were this time a year ago?

Yes
No

Are the finance options for FTBs better now than they were a year ago?

Yes
No

Would it be better to wait until this time next year?

Yes
No

Would you ideally like to be able to buy your first home now?

Yes
No

Guest Articles
ADVICE TO READERS
The contents of this site are for general information only and do not constitute financial advice. FirstRungNow Ltd is not responsible for any dealings or communications between its site visitors and other websites featured on www.FirstRungNow.com. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured against it. While this website is checked for accuracy, we are not liable for any incorrect information included. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions. Property values can go down as well as up.

Copyright FirstRungNow Ltd 2006. All right reserved.
FirstRungNow and the FirstRungNow device are registered trademarks of FirstRungNow Ltd.
Co Reg No: 4681001| VAT Reg No: 811900562 | Place of Registration: England | Registered Address: 281 Greys Rd, Henley on Thames, Oxfordshire, UK, RG9 1QT

Terms & Conditions | Privacy & Security | Advertisers | About us | Helen Adams | FirstRung | Contact us | Useful Sites | Site Map
On-line marketing by TH_NK