With Home Reach, you buy a share of your chosen home and pay a low monthly rent on the part you don't buy. You get to choose whether you buy a bigger share of a lower priced home or a smaller share of a more expensive home.
You can initially purchase up to 75% of your chosen home (starting shares vary across developments) and heylo will become your landlord, granting you a 125 year lease. This means you will be able to live in your home as if you've bought it outright.
You can buy more of your home, to 100% ownership or move at anytime.
Your eligible to purchase, if:
- Your household income does not exceed £80,000
- You have at least 5% deposit
- You pass a financial assessment, demonstrating you are financially able to purchase the share value and support monthly costs
Register your interest here . . .