Social Homebuy...

This scheme provides new opportunities for existing housing association or local authority tenants to buy a share in their rented home.

Tenants can purchase a minimum initial share of 25 per cent of the home. The remaining unowned equity will be retained by your landlord. Your landlord will then charge you an affordable rent on this unowned equity. The target average for the charge is 2.75%.

Buyers will receive a discount on the initial share purchase. This will be the Right to Acquire discount (generally between £9,000 and £16,000 - depending upon the local authority area in which the property is located), pro-rata to the share purchased.

Please contact your housing association or local authority landlord for further details.   Need Mortgage advice? Fill out the form below for immediate attention.

This section of our website has been created by an external source and as such we are not responsible for its content or accuracy. By clicking the links below, you will be leaving Neville Richards Financial Services Ltd regulated site. 
     

Useful websites:

www.communities.gov.uk/ – the government's main site with information about housing
www.direct.gov.uk/ – offers a range of government information and services, including for housing
www.housingcorp.gov.uk/ – for more information about housing associations

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.   YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.  The FSA do not regulate some types of buy to let, commercial, overseas mortgages, and credit or loans not secured on property. Calls may be monitored and recorded for training / compliance purposes. 

Neville Richards Financial Services Ltd is an appointed Representative of Intrinsic Mortgage Planning Ltd which is authorised and Regulated by the Financial Services Authority.    Intrinsic Mortgage Planning Limited is entered on the FSA register (http://fsa.gov.uk/register/) under reference 440718.