New Build Homebuy scheme

New Build HomeBuy is a part-buy/part-rent scheme, where you buy a share of a newly-built home from
a housing association or other housing provider.

The minimum share you can usually purchase is 25 percent of the value with a maximum of 75 percent within this first year. A higher percentage may apply on some housing developments. The housing association or other housing provider will hold the remainder of the equity, with a subsidised rent is payable on the share you do not own.

The combined monthly costs of the rent and the mortgage will normally be less than buying a home outright. You can buy further shares in your home when you can afford to do so – this is known as “staircasing”, until you own the property outright.

Useful Booklets

New Build HomeBuy information booklet - (PDF 702 KB / 24 pages ))