What is Housing Options? Govt. funded housing initiative Launched on 1 st April London Homebuy Agents Appointed…

Who are the Homebuy Agents?

What do Homebuy Agents do? 1 stop shop Share Database Host websitewww.housingoptions.co.uk

5 Housing Options Products New Build HomeBuy & Resales London Wide Initiative (key workers only) Homebuy Direct IMR Rent to Homebuy

NewBuild Homebuy & Resales Part Buy – Part Rent Brand new or existing homes Purchase between 25%-75%

Homebuy Direct Buy Direct from Private Developer Equity Loan of 30% towards cost of property No interest on equity loan for first 5 years Interest set at 1.75% per annum, increasing on 1 st April at RPI +1%

London Wide Initiative For keyworkers only Buyers must buy a share of between 50 and 70% No rent or charge to pay on the unowned share

Intermediate Market Rent Rented schemes that charge rents that are set at about 25% below open market rent levels No deposits required Available to all applicants

Rent to Homebuy Rent a brand new or existing home for up to 5 years Rent set at 20-30% below market rent levels Can then buy the property under Newbuild HomeBuy terms

Who is eligible? All applicants must:  Have savings, or access to, at least £4,000 to cover the cost of buying a home;  Be employed on a permanent contract of employment;  For IMR have at least 6 months remaining on an employment contract  Sell their existing homes if they are home owners;  Have a good credit history; and  In these ‘credit crunch’ affected days….. a deposit of anything between 10% and 25% of the share they wish to buy.

What To Do Next? Advise them to fill in an online Housing Options Application Ask them to call For further information on these products or to search for available properties visit