Why consider New Build HomeBuy?
If someone has a regular income, but cannot afford to buy a property on the open market outright, New Build HomeBuy enables you to gain a foothold on the home ownership ‘ladder’ at a cost usually less than outright purchase. This is possible for two reasons: a) The deposit required is less because the shared ownership purchase is obtaining a mortgage only on a portion of the property rather than on the whole of it b) You will probably pay less each month in comparison with buying outright because the rent is calculated on a non-profit making basis.
