New Build HomeBuy Mortgages
New Build HomeBuy mortgage or shared ownership mortgage as they are often referred to, are mortgage schemes whereby you can 'part buy, part rent' a newly built property from the Housing Association.
How does New Build HomeBuy work?
Initially you will buy anywhere from 25% to 75% and then pay 'below market rent' on the outstanding share of the property. The rent will be payable to the housing associaition who will therefore partly own your home.
As your financial situation improves you will be able to increase the shares that you own in the property by 'staircasing' and buying more of your property. In most cases you are encouraged to do this and eventually buy your property outright.
Who is eligible for the New Build HomeBuy Scheme?
The New Build HomeBuy Scheme is open to all key workers and existing housing tenants as well as those in with priority housing needs. The scheme has recently been opened up to first time buyers earning less than £60,000.
About Shared Ownership Mortgages
Shared Ownership Mortgage Hints & Tips
Checkout our Mortgage
Tool Kit, it has all the resources and information to help buy
and locate your next property.
Shared Ownership Basics
Shared Ownership Guide
Shared Ownership Types
Shared Ownership Lease Entitlements
Shared Equity Mortgages
Key Worker Mortgages
Shared Ownership HomeBuy Mortgages
Social HomeBuy Mortgages
New Build HomeBuy Mortgages
Open Market HomeBuy Mortgages
Shared Ownership Staircasing
Shared Ownership Mortgage FAQs
Shared Ownership Glossary
Shared Ownership Resources
Shared Ownership Mortgage - Why Use Us
Shared Ownership Mortgage News
Click n go Mortgages can find the right Shared Ownership Mortgage for you. We will help you to compare the Shared Ownership Schemes available and make sure that the you can find the most affordable Shared Ownership Mortgage for you. We can also advise you on where you can find a Shared Ownership Property. Our service is free and comes from years of experience, which guarantees that you will get the best possible advice.
05/11/07
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Rock Bottom
It appears that Northern Rock really have hit ‘rock bottom’, with news today published that Bank of England has leant Northern Rock a massive £23billion or £730 from each of us, the British tax payers.
12/01/07
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Rush for fixed-rate remortgage
As the Bank of England put up interest rates last week, there has been a rush for fixed rate remortgages the Financial Times reports.
