What financial initiatives are available to first-time buyers?
We want to make buying a dream home a reality for first-time buyers and can offer you lots of extra help when you’re looking for a new home to call your own. Read about all the different ways we can support you in this handy guide.
Shared ownership is another means of securing a new-build home. Simply put, shared ownership is a mixture of buying and renting a property and available to all buyers, but especially useful for first-time buyers.
Buyers are able to purchase between 25-75% of the home’s market value and pay a subsidised rent on the remaining share, calculated at 2.75% per annum. You’ll also need a deposit of at least 5% of the share you intend to buy.
If you’re interested in buying one of our new build homes, then you can do so using shared ownership initiatives. Our partnerships with Sage Homes and Heylo, offer part-buy-part-rent opportunities through their Home Stepper and Home Reach schemes, respectively.
If you have any questions about a shared ownership property, or you’d like to know more about our offers and make an enquiry, please do not hesitate to get in touch.
You can also check out the previous guides in our series!
3. Extra Support from Tilia Homes
As well as the many initiatives, schemes and advice available to buyers, our sales teams can also give you extra support and help as a first-time buyer. Our knowledgeable team is on hand to answer any questions you might have about the buying process and can of course help with any enquires you might have on our properties.
To get in touch, find our contact details here.
You can also check out the previous guide in our series!