Are You Eligble For Low Cost Home Ownership?

The Government has introduced HomeBuy to help people get onto the property ladder.

You may be eligible for help with HomeBuy if you fulfill the following criteria:

• Earnings between £20,000 - £60,000 per annum gross (single or joint application).
• Cannot afford to buy a property that meets current needs without assistance through MCHB - ie an applicant will not be considered if they already own a property that is suitable for their needs.
• Savings or access to funds in the region of £3,500 - £5,000 (unless the purchase price exceeds £250,000) to cover the costs associated with buying (eg surveys, legal fees, stamp duty etc).
• Employed and/or able to demonstrate that you can sustain the cost of home ownership taking into account savings/level of debt.
• No personal debts in excess of £15,000 (excluding loans from the Student Loans Company).
• Aged 18 or over and have a bank account.

• Key worker

Please click here for more details regarding HomeBuy. If you think you may qualify, please contact your local branch and book your consultation with our expert teams.