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    More details about Picket Twenty, Andover, Hampshire

    For Sale 3 bedroom house
    Property value £220,000
    Share percent 40%
    Share percent price £88,000

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FAQs

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Q: What is a HomeBuy Agent?

A: HomeBuy Agents are registered social landlords appointed by the Homes and Communities Agency as a one stop shop and point of contact for people looking for an affordable home to buy in their area.

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Q: What properties are available?

A: If you know of a scheme or development that you are interested in, let HomesinHants know. We send your application details to other housing associations who may also send you property information. Otherwise you can browse what's available on our property search.

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Q: Can I choose a home on the Open Market?

The Open Market HomeBuy scheme has closed.  Properties are now available to purchase through Shared Ownership or Equity Loan schemes and some are available to rent.  Please see the HomesinHants website for the latest properties in your area.

Q: Who has priority?

Please note from the 1st April 2011 the keyworker eligibility criteria no longer applies. Priority will be given in the following order to:

  • Social tenants (Housing Association and Local Authority tenants) and serving military personnel
  • Those with local priorities
  • Other first time buyers

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Q: Can I afford it?

A: Buying a property is expensive and you'll need £2,500 in savings to pay for costs of the purchase. To proceed with your application, you will need to have access to at least that without the need to borrow extra money on your mortgage or to take out a personal loan. In addition to this, most schemes require sufficient savings for a deposit of 10% towards a mortgage. For example a 10% deposit on a 40% share of a property valued at £160,000 equates to £6,400.  If you can fund a 10% or 15% deposit this will help you in obtaining a mortgage and a more attractive interest rate.

If you think you can afford a mortgage you should ask the advice of an independent mortgage advisor. Our specialist advisors can give you advice about mortgages and more information about the sort of schemes that might suit you best.

Click here to access the Mortgage Calculator

If you are renting, you will need a month's rent plus a deposit at the start of the tenancy.

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Q: Can I buy additional shares?

A: If you buy a shared ownership property you can increase your ownership at a later stage and own the property outright if you wish to. This is called staircasing and many people who buy affordable homes staircase to become full owners.

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Q: What happens if I want to sell my HomeBuy home?

A: You can get advice about selling and re-purchasing a property from the Housing Association that dealt with the original purchase or by contacting HomesinHants for advice.  Our Customer Services team can be contacted on 023 8062 8004 and can advise on any questions you may have such as what happens if you spend money on home improvements, or what to do if you cannot afford your existing loan.  For details of other Housing Associations click here.

If we haven't answered all your questions, mail them to us at info@homesinhants.co.uk

Q: What happens after I have registered?

Once you have registered with HomesinHants you can now find more information on how the schemes work and what to do next by reading our What Happens Next Guide.