ew Build Home Buy

If you would like to buy a home of your own but can’t quite afford to, New Build HomeBuy, also known as shared ownership, may be what you are looking for.

What is New Build HomeBuy?

Shared ownership was introduced to help people who cannot afford to buy a home outright and from April 2006 is to be known as New Build HomeBuy. It is one of three low cost home ownership (LCHO) products launched by the Government under the HomeBuy branding. Through the scheme you buy an initial share of between 25% and 75% of the property and pay a rent on the remaining share you do not own.

Gradually, you can buy further shares and, in most instances, own your home outright.