About the HomeBuy Scheme
My4walls offers three different schemes for low-cost home ownership. They are
designed to help people in different situations find lasting and affordable ways
of entering South and West Yorkshire’s property market.
They are:
General points
- People who have recently been home owners or who are currently home owners will
only be considered if a relationship has broken down or their home has been lost
through a house clearing project.
- If none of these schemes match your situation and you are looking for a home,
contact Yorkshire Housing Group, a registered social landlord with 12,000 properties across the region.
- Under the Social and New Build HomeBuy schemes you can buy extra shares in your
property in increments of 10 per cent.
- Under the Open Market Homebuy you can chose to repay part or all of the equity
loan at any time
- If a part owner chooses to sell, they must first market their home for a short
period through the housing association or developer landlord they bought it from.
This gives the landlord the chance to sell it to someone else looking for affordable
home ownership. HomeBuy gives housing associations a list of qualifying buyers
from their register who they may approach to see if they are interested in purchasing
a property.
- For more on HomeBuy go to www.housingcorp.gov.uk
- Open Market and New Build Homebuy can be applied for at the same time by selecting
"Both" on the online application form.
