New Build HomeBuy (Shared Ownership)
What is New Build HomeBuy?
New Build HomeBuy is a programme that helps people who wish to buy a property but cannot afford to buy on the open market. Most of the people eligible are people in housing need, for example council or housing association tenants or key workers.
Most people who apply for HomeBuy are first time buyers, but we can also assist people who have outgrown their current home or suffered a relationship breakdown.
Who can apply?
If your earnings are too low to raise a mortgage to buy on the commercial market, you may apply for shared ownership. If you have enough cash to buy a share in a property, but not enough to buy outright, you will be eligible to apply. In addition, you must show a 'housing need' although we recognise and support the desire for home ownership as part of this.
How do I apply?
You must first be registered with the local authority in your preferred area. For more informtion within your area please follow the links:
You must also be registered with Homebuy
Properties currently available
Properties Under Offer
- Waterloo Lane, Chelmsford (expected July 2007). 1-bedroom apartments (shared ownership)
- Great Leighs, Chelmsford (expected June 2007) 2 bed apartments and houses (shared ownership).
Properties Coming Soon
- Aspire, Great Baddow
(expected August 2008) - Brook View, Sandon
(expected February 2008) - The Courtyard, Chelmsford
(expected June 2008) - Derwent Court, Chelmsford (expected February 2008)
- Mill Lane, Danbury (expected June 2008)
- Park Lane, Ramsden Heath (expected July 2008)
- Parkside, Melbourne Avenue
(expected June 2008 - Weald Park, Brentwood
(expected December 2008)
For further information about shared ownership schemes, please contact Melodie Hampson, Home Ownership Team Leader, on 01245 613102 or email: melodie.hampson@chelmerhp.org.uk
