Take a look at the different ways we can help you.
Or, if you'd like to talk through your options, call us today on
0800 432 0043.
Jump to:
Shared Ownership
HomeBuy Direct
Try Before You Buy
Rent to HomeBuy
Assisted Move
100% Mortgages
Shared Ownership
Buy your home one step at a time
Shared Ownership (also known as New Build HomeBuy)
means you can start to buy your home now, even if you can't afford
it all in one go.
You simply buy a share in your home, anything from
25 per cent to 75 per cent, and pay a modest rent on the remaining
share. This allows you to choose a mortgage amount that is
affordable to you and, when your financial circumstances change,
you can increase your share until you own your home outright.
Search our homes for sale to find out what's available for Shared
Ownership in your area.
This scheme is available to those who have a
household income of less than £60,000 year.
Properties in Scotland operate under a different
Shared Ownership Scheme where you can buy a 25% to 75% share in
your home. Go to Homes in Scotland to see what's available.
HomeBuy Direct
We'll lend you money to get you on the ladder
HomeBuy Direct is a new shared equity scheme that
makes buying easier. We offer buyers an equity loan of up to 30% of
the price of a new property, so you can buy a home with a smaller
mortgage.
You only need to find funding for 70% of the
property's price - and you can do that by using any savings you
have plus a mortgage. Even better, there's no interest payments on
the equity loan for the first five years.
This product is only available to those who have a
household income of less than £60,000 per year. To find out more,
download the HomeBuy Direct brochure.
Properties in Scotland operate under a different
Shared Equity Scheme where the Scottish Government provides equity
funding of up to 40% of the property's value and you fund the rest
of the purchase with a mortgage and/or your savings. Go to Homes in
Scotland to find out more.
Try Before You Buy
Giving you time to decide to buy
Try Before You Buy is such a good opportunity for
lots of people who are unsure whether to buy right now. You can
move into one of our brand new homes, without a deposit or even a
mortgage. You simply choose one of our homes and pay rent on it
until you decide to buy.
Once you've settled in, if you choose to buy your
home then you'll get up to your first year's rent towards the
deposit and we will contribute towards your legal costs. So you can
move into a beautiful new home straightaway, decide whether you
like the property and the area, and use the rent you have paid
towards a deposit.
And that's not all. As part of this deal we will
provide carpets and curtains, so all you need is the first month's
rent and another month's rent as a bond. To find out more, download
the Try Before You Buy brochure.
Rent to HomeBuy
Rent for less and save for a deposit
Rent to HomeBuy lets you move into one of our homes
and pay rent at a reduced rate - 80% of the market rent - for up to
three years. This will help you save for a deposit so that you can
buy a share in your home, anything from 25 per cent to 75 per cent.
And, like our Shared Ownership product, you can gradually increase
your share until you own your home outright.
This product is available to those who have a
household income of less than £60,000 per year, and do not own
another property. To find out more, download the Rent to HomeBuy
brochure.
Assisted Move
Help with moving fees
If you are a homeowner looking to sell your
existing property and buy one of ours we may be able to give you
extra assistance. We can contribute to your estate agent fees when
you are selling your home and help towards the cost of your Home
Information Pack. To find out more about Assisted Move call 0800
432 0043.
100% mortgages on selected sites
Buy with no deposit
We have launched an exclusive 100% mortgage that
allows you to buy a property without having to save for a deposit.
The scheme is available at some of our newest developments around
the country.
This innovative offer is possible because we
actually provide the mortgage ourselves. So you can borrow 100% of
the property's value, providing we deem the mortgage repayments
affordable to you.
Or we offer another option that could enable you to
afford a more expensive home than you thought possible. Combine our
mortgage with a 30% equity loan to boost your buying
potential.
For example, if we were to calculate that you can
borrow £140,000 on your mortgage, you could also take an equity
loan of £60,000 and be able to afford a property of up to
£200,000.
What's more, if you decide to sell after three
years and the value of your home has gone down, we will buy it back
at the price you paid for it.
To find our more, download our mortgages brochure
and our equity loans brochure.
Mortgages are subject to status and to you
satisfying our affordability criteria. They are available on a
selected number of our properties. Legal costs and other fees will
be payable. Under the buyback guarantee we offer to buy your
property from you, at any time in the first three years after you
buy it, at the same price you paid for it. The buyback offer is
subject to you keeping the property in good condition and being up
to date with your mortgage repayments.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP
YOUR REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON
IT.
Want to buy a property? We'll give you a helping hand. Choose
the buying scheme that suits you:
Choose a buying scheme:
Shared ownership
Rent to buy
Places for People mortgage
Equity loan
Shared ownership
Buy your home one step at a time
Shared ownership means you can start to buy your home now
- even if you can't afford it all in one go.
You buy a share in your home - anything from 25% to 75% - and
pay a modest rent on the remaining share. This allows you to choose
a mortgage amount that's affordable. When your financial
circumstances change you can increase your share until you own your
home outright.
Shared ownership is available to people who have a household
income of less than £60,000 year and do not own another
property.
Properties
in Scotland operate under a different shared ownership scheme
where you can buy a 25% to 75% share in your home.
Rent to buy
Rent for less and save for a deposit
Rent to buy lets you move into one of our homes and pay rent at a
reduced rate - 80% of the market rent - for up to 5 years. This
helps you save for a deposit so that you can buy a share in your
home with shared ownership.
Rent to buy is available to people who have a household income
of less than £60,000 per year and do not own another property.
Places for People mortgage
Buy with no deposit
Our mortgage allows you to buy a property without necessarily
needing to have a deposit. It's available at some of our newest
developments around the country.
This innovative offer is possible because we actually provide
the mortgage ourselves. This means you can borrow up to 100% of the
property's value - as long as we're happy that the mortgage
repayments are affordable to you.
What's more, if you decide to sell after 3 years and the value
of your home has gone down, we'll buy it back at the price you paid
for it.
Equity Loan
Making your dream home possible
Buy with an equity loan and you could buy a more expensive home
than you thought.
The equity loan gives you up to 30% of the total price of the
house. For example, if we calculate that you can borrow £140,000 on
your mortgage, you could also take an equity loan of £60,000 and be
able to buy a property of up to £200,000.
Mortgages are subject to status and to you satisfying our
affordability criteria. They are available on a selected number of
our properties. Legal costs and other fees will be payable.
Find out more about buying a home with us.
Want to know more?
We'd love to hear from you. Email
sales@placesforpeople.co.uk
