Change the text size on this page A A A C C
 

WELCOME TO Bucks Home Choice

Bidding Cycle

Bidding on:

Issue 308

opens Thursday:

24 August at 9am

Help


Download Adobe Reader.

Click here to see a list of frequently asked questions.

Translate Page

Translate this page


Browse Aloud


Home Ownership


If you are interested in buying or part buying a property you will need to be able to secure a mortgage and have access to a deposit.

The government has launched the Own Your Home website which provides detailed information on a wide range of government schemes that make home-buying more affordable. Help to Buy is just one of these schemes and further information is available below.


What is Help to Buy?

The Government created the Help to Buy scheme to help hard-working people like you take steps to buy your own home.

Whether you are looking to get onto the housing ladder or move up it, there are a number of Help to Buy products designed to make buying a home more affordable, including:

Shared ownership - New build and Re-sales

Depending on how much you can afford, shared ownership allows you to buy a percentage share of a property while a local housing association retains the other share.

It is sometimes known as “part-buy part-rent” because you will then be charged a rental payment on the remaining share owned by the housing association. In most cases shared owners can choose to buy additional shares later on to increase their equity.

Equity loans

The Help to Buy equity loan is designed to help you purchase specific new-build properties priced up to £600,000 from participating registered developers with as little as a 5% deposit.

The Government lends you up to 20% of the cost of your new-build home, so you’ll only need to provide a 5% cash deposit and a 75% mortgage to make up the rest. You also won’t be charged loan fees on the 20% loan for the first five years of owning your home.


Want to find out more?

bpha are delivering this service on behalf of the Homes and Communities Agency in the East and South East of England. For more information please visit www.helptobuyese.org.uk or call 03333 214044. A Help to Buy guide is also available for download.

South Bucks District Council works in partnership with Catalyst Housing to deliver an Open Market Home Purchase Equity Loan scheme called 'YourChoice', providing up to £100,000 to help make your aspiration of homeownership a reality. Depending on your circumstances you could receive a loan of between 15% - 50% of the total price of the property you wish to purchase. Please visit the Your Choice webpage for further details on the scheme.

If you are interested in buying in another area please visit www.helptobuy.org.uk to find details of the local Help to Buy agent for that region.