BCHF
Home Buy
What is 'HomeBuy'?
HomeBuy (which used to be called ‘shared ownership’) enables first-time buyers to buy a share of a home and get onto the housing ladder. It is the government’s low cost home ownership scheme aimed at people with household incomes of less than £60,000, although lower limits often apply.
For many people, HomeBuy provides the best opportunity to own a home in the area in which they want to live and work.
BCHF from time to time has new homes available through the New Build HomeBuy scheme - you share ownership of your home with us, paying a mortgage on the part you own plus affordable rent on the portion you do not own. You can find out more from the South West Homes website.
Re-sale HomeBuy properties
These properties become available when the current owners want to sell their home and move on. You can buy one of these properties on a similar part buy/part rent basis.
We also have small numbers of homes available from time to time on either ‘Rent to HomeBuy’ or ‘Intermediate Rent’.
Rent to HomeBuy
This enables you to pay a reduced rent on a newbuild home for a period of time, typically three years, to help you save for a deposit and purchase the property.
Intermediate Rent
This enables you to pay a reduced rent of around 80% of market rent to live in a newbuild property.
If you want to take advantage of any of these schemes please register with Southwest Homes, who manage the HomeBuy programme in the region. All of BCHF’s available properties are registered with them. The Southwest Homes website has a lot of useful information; go to their frequently asked questions page for more details.
