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There are a number of affordable homeownership schemes available if you would like a foot on the property ladder. You can gain access to affordable rents or get help if you can't afford a property which meets your needs on the open market.

List of home ownership schemes available

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. Homes are available through a range of housing associations on assured shorthold tenancies with an affordable rent of 80% (or less) of market rents. Some of these schemes are marketed with different names, for example ‘Try Before You Buy’ or ‘Rent Save Buy.

Intermediate Rent

This option offers new build homes to rent at 80% (or less) of typical market rents. Homes are available through a range of housing associations on an assured shorthold tenancy, usually for an initial period of six months. This is reviewed regularly. The expectation is that the savings made on the reduced rent will be used towards a deposit to enable the purchase of a property at a later date.

I would like to part rent and part buy my home

Help to Buy

Help to Buy is a government scheme providing a range of home ownership options designed to make it more affordable for you to buy a home. 

Equity Loan Scheme

The Equity Loan Scheme is open to both first time buyers and existing homeowners. There is no income cap for applicants and you can buy a new-build property with a value of up to £600,000. The scheme helps you to buy your home with an equity loan of up to 20% of the full price of the property. You won't have to pay any interest charges on this loan for the first five years and you own 100% of your own home from the start.

Shared Ownership scheme

The Shared Ownership scheme provides for you to get a foot on the property ladder but can’t afford to buy a home on the open market. It allows you to buy a share in a brand new leasehold property (either a house or an apartment) on a part buy/part rent basis and pay a subsidised rent on the part that you do not own. It is not just new properties that are available to buy under Shared Ownership. From time to time, properties that were originally sold under Shared Ownership become available for resale.

Rooftop Shared Ownership

Crown View (Marketing name)
Powick
Worcester
WR2 4SF

A beautiful selection of 2, 3 & 4 bedroom homes for sale via Shared Ownership expected in early Summer 2023:

‍6 x 2 bed homes
4 x 3 bed homes
2 x 4 bed homes

Homes available from 50% shares and prices will be available once the homes are available for sale.

No local connection criteria applies.

‍Register your interest today and be the first to hear once prices have been released and homes are available to reserve off plan. Expected build completion April/May 2024.

Telephone 01386 420837

Email This email address is being protected from spambots. You need JavaScript enabled to view it.

site plan - Rooftop Housing Development

The Acorn

Acorn - Rooftop Housing Development

Acorn floor plan- Rooftop Housing Development

The Aspen

Aspen - Rooftop Housing Development

Aspen floor plan- Rooftop Housing Development

The Birch

Birch - Rooftop Housing Development

Birch floor plan- Rooftop Housing Development

The Chestnut

Chestnut - Rooftop Housing Development

Chestnut floor plan- Rooftop Housing Development

The Hazel

Hazel - Rooftop Housing Development

Hazel floor plan- Rooftop Housing Development

The Magnolia

Magnolia - Rooftop Housing Development

Magnolia floor plan- Rooftop Housing Development

Rooftop Shared Ownership

Taylors Lane, Broomhall, Worcester, WR5

2 bedroom semi-detached house for sale in Taylors Lane, Broomhall, WORCESTER, WR5 (rightmove.co.uk) 

I would like to buy my housing association home

Social HomeBuy

Social HomeBuy allows housing association and local authority tenants to buy their home on a shared ownership basis or outright, with the benefit of a discount. This scheme is open to housing association and council tenants whose landlord is participating in the scheme. Tenants usually buy their home on a shared ownership basis with a minimum share of 25 per cent, but you can also buy the property outright.

Discounted Market Sale or Fixed Equity

With Discounted Market Sale or Fixed Equity, you buy your home at a discounted rate, usually up to 30% less of the market value and when you sell the property it will be sold at the same discounted percentage. To qualify for this type of property you will usually need to have a local connection to the area the property is in.

Right to Buy

Right to Buy is a government initiative enabling some housing associations and council tenants to purchase their existing home at a discounted rate. If you are eligible, the discount you get is dependant on how long you've been a tenant and the type of property you're buying (a flat or a house). In the first instance, to check eligibility, please contact your landlord directly and for more information see Right to Buy or call the hotline on 0300 123 0913.

Is there a shared ownership for older people?

Older Persons Shared Ownership (OPSO)

Older Persons Shared Ownership (OPSO) are homes built for people over the age of 55 who may want to downsize to a smaller property or a home that is more suited to their needs. The scheme allows you to buy a share in a new home, ranging from 25% to 75% depending on what you can afford. The maximum share you can buy is 75%. If you purchase the maximum share of 75% you will pay no rent for the remaining 25%.

I am in the armed forces and would like to purchase a property

The Forces Help to Buy

The Forces Help to Buy scheme has been designed to help Regular Service Personnel with the cost of buying a home. For information about this scheme contact: 

Joint Personnel Administration Centre (JPAC) Helpline on 0800 085 3600 or 0141 224 3600. 

Is there shared ownership for people with a disability?

Home Ownership for People with Long-term Disabilities (HOLD)

A route into shared ownership for people in receipt of Disability Living Allowance High or Middle Rate Care (under 60s) or Attendance Allowance (over 60s), together with other qualifying benefits is Home Ownership for People with Long-term Disabilities (HOLD). Applicants should be first time buyers or be defined as being in housing need, with a household income of less than £80,000 per year. See My Safe Home for more information.

We strongly advise all applicants to get independent financial advice on what assistance may be available to them, and their ability to afford any of the above products.

Contact us

Private sector housing
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01386 565631