Homebuy Schemes

What are Homebuy schemes?

Buying or renting a home with HomeBuy

HomeBuy is the brand name given to low cost home ownership and some affordable housing options. The schemes enable first-time buyers to buy a share of a home and get onto the housing ladder.

HomeBuy is the governments low cost home ownership scheme. For many people, HomeBuy provides the best opportunity to own a home in the area in which they want to live and work.

To apply for any of the schemes you would contact the HomeBuy Agent for the area, this is South West Homes.

South West Homes, Tel: 0300 100 0021, Web: www.southwesthomes.org.uk

Schemes which enable you to buy a home

Schemes which enable you to rent a home

For information on the various schemes or to apply:

View the documents below to find out more about the HomeBuy scheme, including guidance notes on how to apply.

PDF What is Homebuy (PDF 591 KB)

PDF Homebuy Application Form (PDF 2,150 KB)

Do I qualify?

Am I eligible to buy a home using HomeBuy?

You should be able to say YES to ALL of the following statements.

My household income is less than £60,000
I am unable to afford to purchase a home suitable for my housing needs within a reasonable travelling distance of my work place
I can demonstrate access to savings or sufficient funds to pay, if required, a deposit (which may be 5% or more of the purchase price), legal fees, stamp duty and other costs of moving.
I am able to sustain home ownership in the longer term.
I am not already a home owner or named on a home mortgage.
I have a good credit history

Who do I contact to apply?