Low cost home ownership

This is a route into home ownership for people that cannot afford to buy a property on the open market. A buyer would normally buy at least 25% of the property; usually a 40% to 50% share is bought.  The buyer then becomes a leaseholder of BCHF and pays rent on the remaining portion of the property.  Additional shares in the home can be bought until the property is owned completely.  The purchaser will remain a leaseholder.

For information about buying a low cost ownership home in any local area, contact the Zone Agent which is called New Futures: www.homebuy-southwest.co.uk or telephone 0800 073 1315.  You could also contact Knightstone Housing Association’s Home Ownership Team which deals with BCHF schemes: homes@knightstone.co.uk or telephone 08458 504 505.