Affordable Home Ownership

If you are unable to afford to buy a home there are home ownership schemes available that can help with getting that first foot on the property ladder.

The HomeBuy Scheme

Shared Ownership: offers brand new homes for sale on a part buy / part rent basis.

Shared Ownership - Resales: This is when an existing part buy / part rent home becomes available for resale, you can buy the share from its current owner. The homes vary greatly in terms of age, size and type.

Equity Loans - FirstBuy: This scheme can help first time buyers purchase a new build home on selected developments. FirstBuy gives you the opportunity to buy a new home with the help of an equity loan.

Equite Loans - HomeBuy Direct: This option offers euqite loans towards the purchase of a new build home on selected developments.

Rent to Buy: This option offers new build homes to rent for a pre-defined period of time with the expectation that you will buy a share of the property at the end of the rental period.

HOLD: Home ownership for people with long-term disabilities. This is a specially tailored option to assist people with long-term disabilities to purchase a share in a property. It is offered by a number of housing associations, with very limited availability.

Social HomeBuy: This option offers some housing associations tenants the opportunity to buy a share in their rented home.

Armed Forces Home Ownership: This is a pilot scheme designed to help you buy a home to suit your needs, with some extra help to top up your mortgage. The scheme is desgined specifically to provide assistance for qualifying service personnel to purchase a home on the open market.

Find your HomeBuy Agent. 

Right to Buy

The Right to Buy scheme is aimed at secure tenants of local authorities (councils) and those assured tenants of registered social landlords/housing associations who previously held secure tenancies with local authorities. It is open to virtually any secure tenant who can afford to buy.

In Swale, Right to Buy is managed between Housing Associations and tenants as the council has no direct housing stock.

Right to Acquire

The Right to Acquire (RTA) gives eligible housing association tenants a statutory right to purchase the property in which they live at a discount, generally between £9,000 - £16,000 depending on the local authority area in which the property is located. If you are a Housing Association tenant interested in RTA, please talk directly with your Housing Association.

Affordable home ownership available in Swale now:

• Watling Place, Sittingbourne
• Thistle Hill, Spencers Park, ;Minster-On-Sea
• Kingsferry Place, Iwade

For more information on affordable homes and Open days and events please visit the Moat website.

NewBuy

This scheme is designed to help overcome the deposit gap for new home buyers, it is aimed at first time buyers and those who already own a home who only have funds for a 5-10% deposit. The lenders participating in the shceme will provide a 90-95% loan-to-value mortgage for buyers meeting their qualifying criteria. At present Barclays, Halifax, Nat West and Nationwide are offering NewBuy mortgages. The scheme will be operated by the home building industry and mortgage lenders working in partnership with the Government.

For more information please visit the NewBuy website.

Find out which Home builders are offering the NewBuy scheme.