Social HomeBuy is a scheme available from some housing associations or local authorities. It is an option that provides tenants the opportunity to purchase a share in their rented properties.




How it works

Tenants have the option to buy a minimum initial share of 25 percent of their home, with the remaining equity remaining in the possession of the landlord. The landlord then reduces the rent according to the percentage of the un-owned equity. It is possible for the tenants to continue purchasing shares until 100 percent of the property is owned. The price of the shares is based on the market value of the property at the time of their purchase.

What are my options after buying through Social HomeBuy?

The staircasing process can come into play, by which the tenant gradually buys more and more of the property. As more of the property is purchased the rent is reduced proportionately.

If the owners of a property wish to sell their home, their share is marketed for sale through the housing association in order to allow other people in need of affordable housing the opportunity to own a low cost home. The property is resold at the market value at the time of sale.

If 100 percent of the property has been purchased, there may be service charges that still have to be paid, for more information on this ask the appropriate landlord.




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Whether you're a first-time buyer or already a property owner you could buy a new home with a small deposit of 5%, heres how.

How Help to Buy Equity Loans Work

  • First time buyers and those already on the property ladder can apply.
  • To qualify a 5% deposit is required.
  • A 75% mortgage must be secured from your bank or building society.
  • The remaining 20% of the property’s value is funded by an equity loan provided by the Government.
  • House prices can’t be more than £600,000 in England and £300,000 in Wales.