About part-buy, part-rent

New Build HomeBuy, also known as shared ownership or part-buy, part-rent, is a scheme to help people who can’t afford to buy a property outright on the open market.

We'll tell you all you need to know here including how to apply, costs of buying, our eligibility criteria and more.

See our latest new home viewing dates in News and open days.

What is New Build HomeBuy?

New Build HomeBuy is designed to help people who cannot afford to buy a home outright in the current market.

New Build HomeBuy (also known as shared ownership and part-buy, part-rent) is a form of low cost home ownership which enables you to buy a proportion of a property.

This means you own a share in the equity of that property using either a mortgage and/or savings, and pay rent on the part you do not own.

At a later stage, you may buy further equity if you wish to do so, this is often referred to as 'staircasing’.

How does it work?

You will be able to buy a share of the property based upon a qualified valuers’ valuation.

The minimum initial equity on a property is dependent on a range of factors including current property prices and affordability in a particular area. The share is likely to fall within a range of 25-75%.

The proportion of the rent you pay is dependant on the percentage you do not own. For example, if you purchase 40%, you pay rent on the remaining 60%.

What will you own?

You will own an equity of the property on the basis of a long lease, usually 125 years and will have the normal rights and responsibilities of a full home owner.

What next?

To search for properties, use the property search tool on the left. Alternatively, view all our part-buy, part-rent properties.

For more information please see our Understanding New Build HomeBuy leaflet or call our sales team on:
Sales (London): 0800 783 2159
Sales (South East): 0845 408 6699