Affordable Housing
Homebuy Logo
The Government has introduced a scheme, branded as HomeBuy, to help people get a foot on the property ladder. This includes the new expanded Open Market HomeBuy.
Buying a home through the HomeBuy schemes
There are three parts to the HomeBuy scheme:
- New Build HomeBuy, where you share ownership of your home with a housing association;
- Open Market HomeBuy, assistance is in the form of an equity share loan to purchase a property on the open market.
- First Time Buyer Initiative - English Partnerships, this is only available in certain areas and is a shared equity product.
For many people, these schemes will provide the best chance of owning a home in the area in which they want to live and work. The Plumlife leaflet listed on the right hand side of the page provides a brief summary of each of the products listed above.
For more detailed information you can contact the Homebuy Agent for Lancashire
Plumlife
www.plumlife.co.uk
Plumlife sales, Southern Gate, 729 Princess Rd, Manchester, M20 2LT - 0161 447 5050
Ownhome
Ownhome is provided by a partnership between Places for People and the Co-operative Bank. The scheme is part funded by the Government and is designed to help people who cannot afford to purchase suitable accommodation and make their first step onto the property ladder. It consists of 2 parts a ownhome loan from Places for People and a mortgage from the Co-op Bank.
For information download the Ownhome Brochure on the right hand side of this page. More information can be found on the website by clicking on the link below.
www.ownhome.co.uk
For information on shared ownership sites available now or coming soon in Fylde click on the link on the right hand side of the page.