HomeBuy Schemes
HomesinHants offers the following different schemes for low cost home ownership. They are designed to help people in different situations find lasting and affordable ways of entering the property market in Hampshire & the Isle of Wight. They are:
- Armed Forces Home Ownership Scheme (AFHOS)
- Equity Loan Schemes
- Shared Ownership Schemes
- Rental Schemes
- Mortgage Rescue
- Right To Buy
For more information on the HomeBuy Schemes click here to view our Guide to HomeBuy.
Comparison Table
This table assumes a full market value of £150,000 for a 2 bedroom property:
| Scheme | Percentage purchased | Minimum deposit required | Mortgage required | Mortgage costs pcm | Rent/interest charge pcm | Approx total costs pcm |
| Outright purchase | 100% | 10% (£15,000) | £135,000 | £868* | n/a | £868 |
| Shared Ownership and Resales | 25% | 10% (£3,750) | £33,750 | £244** | £225 | £469 |
| Shared Ownership and Resales | 50% | 10% (£7,500) | £67,500 | £448** | £150 | £598 |
| FirstBuy | 80% | 5% (£7,500) | £112,500 | £599*** | None for the first 5 years | £599 |
| Rental Scheme | n/a | 1 months rent | n/a | n/a | £550 | £550 |
*Based on a 25 year mortgage at an interest rate of 5.98% Rates and deposits will vary depending on the lender
**Based on a 25 year mortgage at an interest rate of 6.19% Rates and deposits will vary depending on the lender
***Based on a 25 year mortgage at an interest rate of 4.09% Rates and deposits will vary depending on the lender
Click here to view who can apply?
If none of these schemes match your situation and you are looking for a home, contact us on info@homesinhants.co.uk to find out how to apply for a home to rent.
HomeFocus Magazine
If you would like more information on HomeBuy schemes you can visit www.homefocusmagazine.co.uk The homefocus magazine is also packed full of useful information, home buying assistance and entertaining articles
