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"HomeBuy helps people to get their first foot on the property
ladder. HomeBuy also helps those people who wish to rent but cannot
afford to pay market rents.
If you are interested and wish to apply you should contact Moat,
the Local
HomeBuy Agent for Essex, Kent and Sussex. Information is
available at www.homebuy.co.uk. Local HomeBuy Agents work
with local authorities and other housing associations to provide
HomeBuy options to people in housing need.
Moat will assess your application and advise you of all the
HomeBuy options for which you may be eligible.
Buying a home
HomeBuy helps people, usually first time buyers, who cannot
afford to buy a property that suits their household needs on the
open market.
All first time buyers may apply. Social tenants who wish to buy
a property through HomeBuy are given top priority.
Key workers are also given priority.
HomeBuy can also help you if you have previously owned a
property but are now unable to buy without assistance, for example
in the case of a relationship breakdown, or if you are over-crowded
in your current home.
The maximum income allowed is £60,000 per annum (single or
joint). You will need to have access to (or savings) of £5,000 to
cover the initial costs of buying a home.
Renting a home
Eligibility for renting a home through HomeBuy can vary between
different schemes. For example, under Rent to HomeBuy you will be
assessed in the same way as if you were buying a share in the
property (but with no requirement for savings). For discounted
rent, you will need to demonstrate that you can afford to pay the
monthly rent and service charge payments.
General
Some homes can only be provided to people with a local
connection (live, work or family connection) to the local authority
area in which the property is located. Please see the
Drop-in session leaflet which give details of times and dates
of when HomeBuy agents will be in your area in 2010.
Although most homes through HomeBuy are available to all first
time buyers, some can only be allocated to qualifying key
workers.
Social HomeBuy is only available to existing
local authority and housing association tenants.
Armed Forces Home Ownership Scheme is a HomeBuy option designed
specifically for members of the armed forces (subject to qualifying
criteria). The scheme provides qualifying applicants with
assistance to buy a home.
HomeBuy products and options
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