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Help to buy and home ownership

There are different schemes available to help people to become homeowners: 

  • Shared ownership - part buy, part rent your home. You may be eligible if you can't afford to buy a home without help and are a first time buyer with an income of less than £60,000 per year
  • FirstBuy - a new equity scheme to help first time buyers purchase a new home on selected developments throughout the East Midlands. You buy a minimum of 80% and the remaining share is provided as an equity loan
  • HomeBuy Direct - buy part of your home (not necessarily 80%) and use an equity loan for the rest.
  • Armed Forces Home Ownership Scheme - you may be eligible if you can't afford to buy a home without help and are a serving member of the British Armed Forces and have 4 to 6 years service
  • Rent to Buy - pay reduced rent on a home so that you can save for a deposit to purchase in the future.
  • Discount for Sale - you may be eligible if you can't afford to buy a home without help and live or work in the immediate area with an income of less than £60,000 per year.