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An affordable Shared Ownership scheme from Heylo
Get onto the property ladder with the help of the Home Reach Shared Ownership scheme. With Home Reach, you can buy a share of your chosen Bellway home and pay monthly rent on the part you don’t own. All you need is a 5% deposit and to meet the eligibility requirements.
This scheme is currently only available at Lavender Rise, a development under our South West division.
*Terms and conditions apply.
With just a 5% deposit, you can purchase a share of a new-build home and make rental payments on the part you don’t own. Initially, you can purchase up to 75% of your new home, but over time, you can buy more shares until you own 100% of the property. The size of your initial share will be calculated via an affordability assessment, which can be carried out by an independent mortgage advisor.
The rent you pay is calculated as a percentage of the share you don’t own, and will be handled by Heylo – who will become your landlord under a lease agreement.
The following points must apply for you to be considered for eligibility:
Not only is the Shared Ownership scheme an affordable choice for homebuyers looking to get onto the housing ladder, but it’s also a secure choice. Each of our homes comes with a 10-year structural warranty, which protects you in the long run. Plus, the Heylo property management team will always be on hand to answer any questions you might have about your new home.
I would absolutely recommend buying with Bellway – I’ve had such a great experience and I couldn’t be happier with my new home.Kathy Ayto, Bellway homeowner at Brampton Gate
This scheme is currently only available at Lavender Rise, a development under our South West division.
Home Reach is a Shared Ownership scheme from Heylo where you can purchase up to 75% of the shares of a new-build property. You will then rent the rest of the home and have the option to purchase more shares until you own 100% of the property.
Criteria for eligibility may differ depending on the local authority of your chosen development, but you will go through a registration process – using an online form – where Heylo will gather your details and assess whether you are eligible for the scheme.
Once you’ve completed your initial purchase, you can purchase more shares. This is referred to as ‘staircasing’. You can do this at any time that suits you, all the way up until you own 100% of your home. However, there are sometimes restrictions on staircasing, so it is important to check whether the property you are looking to purchase has a restricted maximum share.
To find out more about this scheme, visit the Home Reach website here or speak with one of our sales advisors.
No matter your circumstances, we have a range of available schemes designed to meet your needs.
Take advantage of our part-exchange scheme – the stress-free way to move home.
The low-deposit mortgage solution for new-build homes. Move now with a 5% deposit.
You could enjoy lower monthly mortgage payments with Own New Rate Reducer.
All you need when it comes to finding your new home
