Part-buy Part-rent

Looking for your dream home at the right price? Shared ownership may be the answer.Plymouth Open Day poster

 

Help to Buy: An affordable homes event is coming to the ocean city

Help to Buy South West are holding a homeownership event at Jury’s Inn, Plymouth on Saturday 11th August 2018.

There’s no doubt that owning your own home is seen as a dream to many in the South West, but the aspiration of owning your own home doesn’t necessary have to be a fantasy; it could become a reality with the support of Help to Buy South West.

The event will focus on what local housing associations and developers can offer in the way of affordable homes. Over a dozen exhibitors will be at the event, including Independent financial advisers and solicitors who will be on hand to offer free financial and legal advice.

Help to Buy advisors will also be on hand providing advice on how to own your first home. They will provide advice on everything you need to know, from understanding eligibility criteria, to how to apply and what you need to know to begin the process of owning a part-buy, part-rent property.

Housing associations and developers will be showcasing their shared ownership and Help to Buy homes, with a range of properties available in Plymouth and the surrounding area.

Aspiring home owners are invited to the event at Jurys Inn, 50 Exeter Street from 10am – 3pm. It is a ten minute walk from the city centre, just past Charles Church roundabout.

 

It helps you to buy a home if you have found that the open market is out of your price range.  You buy a portion of your home with a mortgage or savings and then pay rent on the rest.

Shared Ownership brochure

 

Find out more details by reading our Shared Ownership brochure.

 

Is it right for you financially?

The share you buy is based on your income and outgoings. You will have the opportunity to buy a share worth between 25% and 75% in the first instance.  In most cases you will have the opportunity to purchase the property outright in the future.

The cost including the mortgage, rent and service charge is usually less than a similar privately rented property.

We will work with you to ensure you do not over extend yourself but maximise your finances. We require certain financial information to calculate how much of your property you should buy. 

What next?

Register with Help to Buy South West