Ownership Options
HomeBuy is a government scheme to help make home ownership in Yorkshire more affordable.
My4walls offers various schemes for low-cost home ownership. The schemes are designed to help people in different situations find lasting and affordable ways to get onto the property ladder.
Your options are:
Shared Ownership
Part buy, part rent your home
If you can't afford to buy a home without help priority must go to the following groups in the first instance, set in priority order.
• Existing social tenants;
• Serving military personnel; and then on equal priority ranking
• Local priorities as set by Local Authorities.
After these priority groups have been exhausted other first time buyers who fit all other criteria can apply and purchase through the HomeBuy initiatives.
More information about Shared Ownership
Equity Loan
Buy part of your home and use an equity loan for the rest
If you can't afford to buy a home without help priority must go to the following groups in the first instance, set in priority order.
• Existing social tenants;
• Serving military personnel; and then on equal priority ranking
• Local priorities as set by Local Authorities.
After these priority groups have been exhausted other first time buyers who fit all other criteria can apply and purchase through the HomeBuy initiatives.
More information about Equity Loan
Armed Forces Home Ownership Scheme
If you can't afford to buy a home without help and:
- are a serving member of the British Armed Forces
- have 4-6 years service.
More information about Armed Forces Home Ownership Scheme
Rent to Buy
Pay reduced rent on a home so that you can save for a deposit
If you can't afford to buy a home without help and:
- are a first time buyer
- earn less than £60K per year.
More information about Rent to Buy
Discount for Sale
Buy your home from a housing association at a discounted price
If you can't afford to buy a home without help and:
- live or work in the immediate area
- have an annual income of less than £60K.
More information about Discount for Sale